Question
On December 31, Central Savings & Loan discounted a 3-month, 70,000, non-interest-bearing note dated October 31, at 12 percent. How much is the proceeds from
On December 31, Central Savings & Loan discounted a 3-month, 70,000, non-interest-bearing note dated October 31, at 12 percent. How much is the proceeds from the discounting?
On June 1, 2004, Noll Corp. sold merchandise with a list price of 30,000 to Linn on account. Noll allowed trade discounts of 30% and 20%. Credit terms were 2/15, n/40 and the sale was made f.o.b. shipping point. Noll prepaid 600 of delivery costs for Linn as an accommodation. On June 12, 2004, Noll received from Linn a remittance in full payment amounting to?
Barlow Company's Accounts Payable balance at December 31, 2002, was 1,800,000 before considering the following transactions: Goods were in transit from a vendor to Barlow on December 31, 2002. The invoice price was 100,000, and the goods were shipped FOB shipping point on December 29, 2002. The goods were received on January 4, 2003. Goods shipped to Barlow FOB shipping point on December 20, 2002, from a vendor were lost in transit. The invoice price was 50,000. On January 5, 2003, Barlow filed a 50,000 claim against the common carrier.In its December 31, 2002 balance sheet, Barlow should report Accounts Payable of?
im sory if its alot but can you please explain why is that the answer?
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