On may 1 shilling company sold merchandise
WebAnswer to On May 1, Shilling Company sold merchandise in the amount of... Expert Help. Study Resources. Log in Join. Johnson County Community College. ACCT. ... May-01 Cost of goods sold $4,000 To Merchandise Inventory $4,000 (Being cost of goods sold recorded) 1 Attachment. png. WebOn May 1, Shilling Company Inc. sold merch in the amount of $5800 to Anders, with credit terms of 2/10, n/30. The cost of the items sold is $4000. Shilling uses the …
On may 1 shilling company sold merchandise
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WebQuestion: 3. On May 1, Anders Company purchased merchandise in the amount of $5,800 from Shilling, with credit terms of 2/10, 1/30. Anders uses the perpetual inventory … WebGarza Company had sales of $141000, sales discounts of $2100, and sales returns of $3385. Garza Company's net sales equals: $135,515. Explanation: Net Sales= …
Web13 de fev. de 2024 · on may 1, shilling company sold merchandise in the amount of $5,800 to anders, with credit terms of 2/10, n/30. the cost of the items sold is $4,000. - 30691016 WebExpert solutions for Question QUESTION 5 On May 1, Shilling Company, Inc. sold merchandise inthe:1146964 ... This E-mail is already registered as a Premium Member …
WebView the full answer. Transcribed image text: On May 1, Schilling Company sold merchandise in the amount of $5,800 to a customer, with credit terms of 2/10, n/30. The … WebVIDEO ANSWER: Okay, okay. We're going to look at the business that uses the perpetual inventory system. The company bought 4,000 dollars worth of stuff. 150 freight and 100 freight were paid by this company to get the goods. All of the purchases were
WebQuestions and Answers for [Solved] On May 1, Shilling Company, Inc. sold merchandise in the amount of $5,800 to Anders, with credit terms of 2/10, n/30. The cost of the items sold is $4,000. Shilling uses the gross method of recording sales and a perpetual inventory system. The journal entry or entries that Shilling will make on May 1 is:
Web19 de nov. de 2024 · On May 1, Shilling Company sold merchandise in the amount of $5,800 to Anders, with credit terms of 2/10, n/30. The cost of the items sold is $4,000. - … fnb home loan settlementWebA company has sales of $375,000 and its gross profit is $157,000. Its cost of goods sold equals: $217,500. Frisco Company's Merchandise Inventory account at a year-end has … fnb home login pageWebTranscribed image text: Question 44 (3 points) On May 1, Shilling Company sold merchandise in the amount of $5,800 to a customer, with credit terms of 2/10, n/30. The cost of the items sold is $4,000. Shilling uses the perpetual inventory system. The journal entry or entries that Shilling will make on May 1 is: 1) Debit Sales $5,800; credit ... fnb home online banking namibiaWeb123) On July 1, Ferguson Company sold merchandise in the amount of $5,800 to Tracey perpetual inventory system and the gross method. On July 5, Tracey returns some of the merchandise. The selling price of the merchandise is $500 and the cost of the merchandise returned is $350. The entry or entries that Ferguson must make on July 5 … green tea while pregnant safeWebDate General journal Debit Credit May 1 Account Receivable $ 5,800 …View the full answer ... fnb homeowners educationWebAccounting questions and answers. TB MC Qu. 04-111 (Static) On May 1, Anderson Company purchased... 17 On May 1 Anderson Company purchased merchandise in the amount of $5800 from Shilling, with credit term of 2/10,n/30 Anderson uses the perpetual inventory system and the gross method. The journal entry that Anderson will make on … green tea while pregnant first trimesterWebOn September 12, Vander Company sold merchandise in the amount of $9,200 to Jepson Company, with credit terms of 3/10, n/30. The cost of the items sold is $5,700. Jepson uses the periodic inventory system and the gross method of accounting for purchases. Jepson pays the invoice on September 18, and takes the appropriate discount. fnb home office