{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-28T09:40:39-04:00", "answer_date": "2024-06-28 09:40:39", "is_docs_available": null, "is_excel_available": null, "is_pdf_available": null, "count_file_available": 0, "main_page": "student_question_view", "question_id": "4285813", "url": "\/study-help\/questions\/please-solve-correct-with-full-work-provide-narrations-explanation-computation-4285813", "question_creation_date_js": "2024-06-28T09:40:39-04:00", "question_creation_date": "Jun 28, 2024 09:40 AM", "meta_title": "[Solved] please solve correct with full work provi | SolutionInn", "meta_description": "Answer of - please solve correct with full work provide narrations explanation computation also Niagara Doors received a shipment | SolutionInn", "meta_keywords": "solve,correct,full,work,provide,narrations,explanation,computation,niagara,doors,received,shipment", "question_title_h1": "please solve correct with full work provide narrations explanation computation also Niagara Doors received a shipment of door knobs on January 2, 2022. The value", "question_title": "please solve correct with full work provide narrations explanation computation also Niagara", "question_title_for_js_snippet": "please solve correct with full work provide narrations explanation computation also Niagara Doors received a shipment of door knobs on January 2, 2022 The value of the door knobs was $8,000 and they were shipped FOB shipping point Freight charges came to $430 This company uses the perpetual inventory system Required a) Prepare the journal entry to record the receipt of goods by Niagara Doors, assuming the payment WII be made in February Date Account Title and Explanation 2022 Jan 2 Purchased inventory Debit Credit b) The door knobs delievered to Niagara Doors were the wrong finish Atter some negotiation, the manager agreed to keep the products with a 10 allownace Prepare the journal entry for Niagara Doors on January 16, 2022 to record the purchase allowance Assume that all door knobs are still in inventory Allowances are not granted on freight charges Date Account Title and Explanation 2022 Jan 16 Purchase Allowance Debit credit c) Prepare the journal entry for Niagara Doors when the payment is made on February 2 Date Account Title and Explanation 2022 Feb 2 Debit Credit", "question_description": "

please solve correct with full work provide narrations explanation computation also<\/p>

\"image<\/div><\/div><\/div><\/figure>", "transcribed_text": "Niagara Doors received a shipment of door knobs on January 2, 2022. The value of the door knobs was $8,000 and they were shipped FOB shipping point. Freight charges came to $430. This company uses the perpetual inventory system. Required a) Prepare the journal entry to record the receipt of goods by Niagara Doors, assuming the payment WII be made in February. Date Account Title and Explanation 2022 Jan 2 Purchased inventory Debit Credit b) The door knobs delievered to Niagara Doors were the wrong finish. Atter some negotiation, the manager agreed to keep the products with a 10% allownace. Prepare the journal entry for Niagara Doors on January 16, 2022 to record the purchase allowance. Assume that all door knobs are still in inventory. Allowances are not granted on freight charges. Date Account Title and Explanation 2022 Jan 16 Purchase Allowance Debit credit c) Prepare the journal entry for Niagara Doors when the payment is made on February 2. Date Account Title and Explanation 2022 Feb 2 Debit Credit", "related_book": { "title": "Core Macroeconomics", "isbn": "978-1429278478, 1429278471, 978-1429278492, 1429278498, 1464191433, 978-1464191435", "edition": "3rd edition", "authors": "Eric Chiang", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/648.jpg", "uri": "\/textbooks\/core-macroeconomics-3rd-edition-648", "see_more_uri": "" }, "free_related_book": { "isbn": "979-8639662973", "uri": "\/textbooks\/the-composition-book-isometric-paper-eujs-isometric-paper-for-3d-designs-architecture-landscaping-maths-geometry-1st-edition-979-8639662973-309561", "name": "The Composition Book Isometric Paper Eujs Isometric Paper For 3d Designs Architecture Landscaping Maths Geometry", "edition": "1st Edition" }, "question_posted": "2024-06-28 09:40:39", "see_more_questions_link": "\/study-help\/questions\/business-finance-2024-September-13", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/ying-import-has-several-bond-issues-outstanding-each-making-semiannual-196735", "description": "Ying Import has several bond issues outstanding, each making semiannual interest payments. 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