Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Oct 12, 2020

Waterway Co returned defective goods costing $5200 to Carla Vista Company on April 19, for credit. The goods were purchased April 10, on credit, terms

Waterway Co returned defective goods costing $5200 to Carla Vista Company on April 19, for credit. The goods were purchased April 10, on credit, terms 210, n30 The entry by Waterway Co on April 19, in receiving full credit is?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Account payable 5200 Inventory 5200 210 net 30 mea... 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

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

Intermediate Accounting

Authors: David Spiceland, James Sepe, Mark Nelson, Wayne Thomas

8th edition

978-1259997525, 1259997529, 978-1259548185

More Books

Students also viewed these Accounting questions

Question

★★★★★

Which of the following statements is CORRECT about a yield curve? a. A yield curve reflects the relationship between bond yields and the inflation rate. b. A humped yield curve reflects interest...

Answered: 1 week ago

Question

★★★★★

A small bag of sand is released from an ascending hot-air balloon whose constant, upward velocity is v0=2.85 m/s. Knowing that at the time of the release the balloon was 46.3 m above the ground,...

Answered: 1 week ago

Question

★★★★★

On April 1, 2017, Carla Vista Company issued $930,000 of 11%, 10-year bonds dated January 1 at par plus accrued interest. Interest is payable semiannually on July 1 and January 1. Prepare journal...

Answered: 1 week ago

Question

★★★★★

1. The operations manager for a well-drilling company must recommend whether to build a new facility, expand his existing one, or do nothing. He estimates that long-run profits (in $000) will vary...

Answered: 1 week ago

Question

★★★★★

Consider the infinite cash-flow series with repeated cash-flow patterns given in Table P7.9. TABLE P7.9 n An 0............................. -$1,000 1............................. 500...

Answered: 1 week ago

Question

★★★★★

In what ways can a corporations structure and culture be internal strengths or weaknesses?

Answered: 1 week ago

Question

★★★★★

3 What would be your metaphor for constructivist coach training? What would be your metaphor for an ideal coach training program?

Answered: 1 week ago

Question

★★★★★

The Google 10-K Form is reproduced online at www.wiley.com/college/pratt. REQUIRED: a. Review the Google SEC Form 10-K and analyze the financial statements by assessing Googles earning power and...

Answered: 1 week ago

Question

★★★★★

The city of Ottawa is considering to build a new toll highway that spans from Orleans to Kanata, the project cost is estimated to be $90,000,000 and is to be paid in 3 equal payments (Payment 1...

Answered: 1 week ago

Question

★★★★★

Problem 1 At a given instant, the position of a plane at A and a train at B are measured relative to a radar antenna at O. Determine the distance d between A and B at this instant. To solve the...

Answered: 1 week ago

Question

★★★★★

AP72 Financial information for American Eagle is presented in Appendix A at the end of the book. 1. The summary of significant accounting policies is located in note 2 to the financial statements....

Answered: 1 week ago

Question

★★★★★

1)Breakeven point: Algebraic and graphicalFine Leather Enterprises sells its single product for $129.00 per unit. The firm's fixed operating costs are $473,000 annually, and its variable operating...

Answered: 1 week ago

Question

★★★★★

13. Jose is 35 years old, and makes $40,000 per year. If he dies, how much would the beneficiaries of his life insurance policy receive if they can get by on 75% of his income?

Answered: 1 week ago

Question

★★★★★

Cookie Business In this project, you will be opening your own specialty cookie company to see how product costing methods and changes in production affect business decisions. You will be creating a...

Answered: 1 week ago

Question

★★★★★

The probability of event "A" is 50%. The probability of event "B" is 20%. "A" and "B" are two independent events. What is the probability of observing "A" and "B"?

Answered: 1 week ago

Question

★★★★★

Some statements are not considered hearsay because these statements are not being offered to prove the truth of the matter asserted in the statements. Thus, you must always ask yourself what is being...

Answered: 1 week ago

Question

★★★★★

help 1. Master Windu, an individual taxpayer whose filing status is head of household, reports total economic income of $550,000. Windu's taxable income is $400,000. What are Windu's marginal and...

Answered: 1 week ago

Question

★★★★★

An investor sells a European call on a share for $4. The stock price is $47 and the strike price is $50. Under what circumstances does the investor make a profit? Under what circumstances will the...

Answered: 1 week ago

Question

★★★★★

Listed below are several terms and phrases associated with inventory measurement. Pair each item from List A with the item from List B (by letter) that is most appropriately associated with it. List...

Answered: 1 week ago

Question

★★★★★

Refer to the financial statements and related disclosure notes of PetSmart located in the company's 2013 annual report included with all new copies of the text. They also can be found at...

Answered: 1 week ago

Question

★★★★★

Air Supply issued $6 million of 9%, 10-year convertible bonds at 101. The bonds are convertible into 24,000 shares of common stock. Bonds that are similar in all respects except that they are...

Answered: 1 week ago

Question

★★★★★

Here are some summary statistics to go with the histogram of the ZIP codes of 500 customers from the Holes-R-Us Internet Jewelry Salon that we saw in Exercise 55: Count 500 Mean . 64,970.0 StdDev .....

Answered: 1 week ago

Question

★★★★★

The following data give the number of hurricanes classified as major hurricanes in the Atlantic Ocean each year from 1944 through 2013, as reported by NOAA (www.nhc.noaa.gov): 3, 3, 1, 2, 4, 3, 8, 5,...

Answered: 1 week ago

Question

★★★★★

Two researchers measured the pH (a scale on which a value of 7 is neutral and values below 7 are acidic) of water collected from rain and snow over a 6-month period in Allegheny County, Pennsylvania....

Answered: 1 week ago

Previous Question Next Question