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The data below are extracted from Selene Co. for the month of March 2019. Bacchus Inc. is the sole customer of Selene Co. The returns
The data below are extracted from Selene Co. for the month of March 2019. Bacchus Inc. is the sole customer of Selene Co. The returns and allowances were recognized four days from the order date and all payments were made a week after ordering.
Requirements: A. Compute for the following as of month-end 1. Cost of good purchased 2. Net Sales 3. Freight out 4. Merchandise Inventory beginning balance of Selene Co. (the ending balance is 10% of the beginning balance no March purchases) 5. Accounts Payable B. Journal Entries 1. Buyer 2. Seller
2.1 Application The dut below are extracted from one of the month of March 2015 30hsin is the sole customer sene Cu Thereums and we were soogd Your days from the derdote ondo pomens e de ter doing Reums and Onder de Solms Merchandise Terms Amount Cos 13-Mw P19,725 13:150 150 FO destitution, prad, 1/10,30 16-Mer 4,150 3100 SFO hipoint prepaid, 2/10, 21. Mw22,735 15150 500 Foderation collect, 1/10,10 26- M43.150 10100 O Font, collert, 2/10,10 4,19 5.000 7,000 1,000 ownership of the goods decomisowo boor medewey co Pants A compute for the following as of month-ond. (20 pts each paint a separate image of the answers frut men mosoudon Coot goodsuche 2. Het 3.Frogtout 4. Merchandic ventory beginning betona (the ending on tox of the beginning one, no Morch Duchowo) 5. ACUM DOOD Boumolotis (BONUS 10 points och) Leur 25 2.1 Application The dut below are extracted from one of the month of March 2015 30hsin is the sole customer sene Cu Thereums and we were soogd Your days from the derdote ondo pomens e de ter doing Reums and Onder de Solms Merchandise Terms Amount Cos 13-Mw P19,725 13:150 150 FO destitution, prad, 1/10,30 16-Mer 4,150 3100 SFO hipoint prepaid, 2/10, 21. Mw22,735 15150 500 Foderation collect, 1/10,10 26- M43.150 10100 O Font, collert, 2/10,10 4,19 5.000 7,000 1,000 ownership of the goods decomisowo boor medewey co Pants A compute for the following as of month-ond. (20 pts each paint a separate image of the answers frut men mosoudon Coot goodsuche 2. Het 3.Frogtout 4. Merchandic ventory beginning betona (the ending on tox of the beginning one, no Morch Duchowo) 5. ACUM DOOD Boumolotis (BONUS 10 points och) Leur 25Step by Step Solution
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