Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please do both, will leave like EA 4. LO 12.2 Review the following transactions and prepare any necessary journal entries for Olinda Pet Supplies. A.

please do both, will leave like image text in transcribed
image text in transcribed
EA 4. LO 12.2 Review the following transactions and prepare any necessary journal entries for Olinda Pet Supplies. A. On March 2, Olinda Pet Supplies recelves advance cash payment from a customer for forty dog food dishes (from their Dish inventory), costing $25 each. Olinda had yet to supply the dog food bowis as of March 2. B. On April 4. Olinda provides all of the dog food bowls to the customer, EA 8. LO 12.2 Bhakti Games is a chain of board game stores. Record entries for the following transactions related to Bhakti's purchase of inventory. A. On October 5, Bhakti purchases and recelves inventory from XYZ Entertainment for $5,000 with credit terms of 2/10 net 30 . B. On October 7 . Bhakti returns $1,000 worth of the inventory purchased from XYZ. C. Bhakti makes payment in full on its purchase from XYZ on Ootober 14

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image

Step: 3

blur-text-image

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

Accounting Audits In The Democratic Republic Of Congo

Authors: Charles Kyungu Kakudji

1st Edition

6206327043, 978-6206327042

More Books

Students also viewed these Accounting questions

Question

u = 5 j , v = 6 i Find the angle between the vectors.

Answered: 1 week ago