Purchase-Related Transactions A retailer is considering the purchase an inits of a specific item from either of two suppliers. Their offers are as follows: Supplier One: $34.80 a unit, 1/10, n/30, no charge for freight. Supplier Two: $35.00 a unit, 2/10, 1/30, plus freight of $200. Price of Supplier One: Price of Supplier Two: Which of the two offers, Supplier One or Supplier Two, yields the lower price? Supplier One Feedback Check My Work Calculate the total price for each offer, keeping in mind that the discount is deducted from the total price and the freight is Check My Work Previous EDUUR Show Me How Calculator Sales-Related Transactions After the amount due on a sale of $19,600, terms 2/10, n/eom, is received from a customer within the discount period, the seller consents to the return of the entire shipment for a cash refund. The cost of the merchandise returned is $11,760. a. What is the amount of the refund owed to the customer? b. Journalize the entries made by the seller to record the return and the refund. If an amount box does not require an entry, leave it blank (a) II I. IO OD (b) EDUUR Snow Me How Exhibit Calculator Multiple-Step Income Statement On March 31, 2049, the balances of the accounts appearing in the ledger of Royal Furnishings Company, a furniture store, are as follows: Accounts Receivable $170,000 Inventory $959,000 Accumulated Depreciation-Building 713,700 Notes Payable 288,900 Administrative Expenses 541,250 Office Supplies 20,200 Building 2,601,600 Retained Earnings 1,276,500 Cash 182,250 Salaries Payable 8,350 Common Stock 295,200 Sales 6,109,300 Cost of Goods Sold 3,637,450 Selling Expenses 681,050 Dividends 172,700 Store Supplies 91,550 Interest Expense 10,150 a. Prepare a multiple-step income statement for the fiscal year ended March 31, 2019. Royal Furnishings Company Income Statement For the Year Ended March 31, 2019 Sales 8,245.000 Cost of goods sold -5,500,000 Gross profit Expenses Check My Wodk Rrevious Next le capelse 10,150 a. Prepare a multiple-step income statement for the fiscal year ended March 31, 2049. Royal Furnishings Company Income Statement For the Year Ended March 31, 2019 Sales 8,245,000 X Cost of goods sold -5,500,000 X Gross profit Expenses: Total expenses Other expense: Check out Prevo VIVIETU INCO 90 Calculator Determining amounts to be paid on invoices Determine the amount to be paid in full settlement of each of the following invoices, assuming that credit for returns and allowances was received prior to payment and that all invoice - within the discount period: Merchandise Invoice Amount Freight Paid by Seller Customer Returns and Allowances a. $35,000 $1,800 b. 12,400 $320 2,400 C. 21,600 FOB destination, n/30 FOB shipping point, 2/10, n/30 FOB shipping point, 1/10, n/30 FOB shipping point, 1/10, n/30 FOB destination, 1/10, n/30 4,100 d. 9,700 180 1,100 e. 77,700 This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. Open spreadsheet Round your answers to the nearest dollar. a. $ 33,200 Check My Work Previous Next eBook Show Me How Office 365 Calculator This information has been collected in the Microsoft Excel Online file. Open the spreadshe answers in the questions below. IX Open spreadsheet Round your answers to the nearest dollar. a. $ 33,200 b. $ 10,120 c. $ 17,500 X d. s 8,694 e. $ 76,923 V FOB shoping point freight is the buyer's cost FOB destination freight is the seller's expense. To datem discount - Return net of discount) - Applicable freight Check My Work DELL
