Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 10, 2024

on January 10, 2022 oriole company sold merchandise on account to dump skins for $7200 terms n/30. on February 9 Tompkins gave oriole company is

on January 10, 2022 oriole company sold merchandise on account to dump skins for $7200 terms n/30. on February 9 Tompkins gave oriole company is 6% promissory note in settlement on this account.

Prepare the journal entry to record this sale in this settlement of the accounts receivable

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

EAuditing Fundamentals Virtual Communication And Remote Auditing

Authors: J.P. Russell, Shauna Wilson

1st Edition

0873898486, 978-0873898485

More Books

Students also viewed these Accounting questions

Question

★★★★★

The controller of Sedona Housewares Inc. instructs you to prepare a monthly cash budget for the next three months. You are presented with the following budget information: The company expects to sell...

Answered: 1 week ago

Question

★★★★★

What does A(Vector) A(Vector), the scalar product of a vector with itself, give? What about A(Vector) A(Vector), the vector product of a vector with itself?

Answered: 1 week ago

Question

★★★★★

59. Let X1 denote the time (hr) it takes to perform a rst task and X2 denote the time it takes to perform a second one. The second task always takes at least as long to perform as the rst task. The...

Answered: 1 week ago

Question

★★★★★

Off-Shore Jewelry, Inc. is a relatively small, but fast-growing U.S. based private company. It designs, manufacturers, and distributes fine jewelry in the United States. To reduce costs, it has...

Answered: 1 week ago

Question

★★★★★

In the body of a persuasive message, the goal is to _____. A. ask for action B. build interest and increase desire C. include as many facts as possible D. grab the reader's attention

Answered: 1 week ago

Question

★★★★★

This is a merchandising company. Assume the COGS is variable. Quantity of produced good sold 12000 units Per unit Selling price to customers $20/unit Variable selling expense per unit $5/unit...

Answered: 1 week ago

Question

★★★★★

Icebreaker Company (a U.S.-based company) purchases materials from a foreign supplier on December 1, 2020, with payment of 22,000 dinars to be made on March 1, 2021. The materials are consumed...

Answered: 1 week ago

Question

★★★★★

solve all parts. C1 Anne and Bill like strawberries x and chocolate y. Anne starts with an endowment of X kilos outof strawberries and Bill starts with an endowment of Y kilos of chocolate. Anne and...

Answered: 1 week ago

Question

★★★★★

Smith Enterprises recently was profiled on a financial information website and touted as a "hot" growth stock. You acquired the stock quote shown here from that website. Smith Enterprises (DAX: SME)...

Answered: 1 week ago

Question

★★★★★

A knife found buried 7 inches deep in the ground would be marked on the evidence collection site map as _____. a. -7 b. 7 c. 7 BG d. UG 7

Answered: 1 week ago

Question

★★★★★

Week 14 Homework i 5 points 1 Saved Andretti Company has a single product called a Dak. The company normally produces and sells 83,000 Daks each year at a selling price of $60 per unit. The company's...

Answered: 1 week ago

Question

★★★★★

A What can a group leader do to foster communication among team members in different locations and time zones?

Answered: 1 week ago

Question

★★★★★

B Should team members be expected to make themselves available via e-mail, text message, or telephone during nonworking hours to attend to questions or problems that might arise? What problems might...

Answered: 1 week ago

Question

★★★★★

Do they provide positive reinforcement for one anotherfor instance, by showing appreciation for each others contributions and hard work?

Answered: 1 week ago

Previous Question Next Question