Bargain wholesalers sell pet supplies to retailers

Reference no: EM13485471

Bargain Wholesalers Sell pet supplies to retailers including Pet World Supplies. Bargain Wholesalers uses perpetual inventory. Uses a General Journal to journalize the followinasg three transaction during the month of may:

(a) On may 4th, Bargain Wholesalers sell inventory to Pet World Supplies for $8,250.00 with terms 1/10, n/30. The cost of the merchandise is $5,755.00.

(b) On May 13th, Bargain Wholesalers sells an additional $10,985 in inventory to Pet World Supplies with terms 1/10, n/30. The cost of the merchandise is $6,925.00.

Reference no: EM13485471

Questions Cloud

Give three reasons that the treasurer of a company might : give three reasons that the treasurer of a company might not hedge the companys exposure to a particular

What is the hedge that minimizes risk what should the : a company has a 20 million portfolio with a beta of 1.2. it would like to use futures contracts on the sampp 500 to

Prepare in journal form without explanations the end of : the account balances appearing on the trial balance below were taken from the general ledger of flops copy shop at

Explain what is meant by a perfect hedge does a perfect : explain what is meant by a perfect hedge. does a perfect hedge always lead to a better outcome than an imperfect

Bargain wholesalers sell pet supplies to retailers : bargain wholesalers sell pet supplies to retailers including pet world supplies. bargain wholesalers uses perpetual

Prepare the journal entry to record each separate : prepare the journal entry to record each separate transaction. a on march 1 dvd co. issues 44500 shares of 4 par value

What are five enterprise applications in saps business : what are five enterprise applications in saps business

Calculate the interest earned on the savings account after : a friend has 2400 that she has saved from her job. she will need her money plus any interest earned on it in six

The receipt of 460 on february 14 was for a 445 note : daisy company received a bank statement for february as followsfrom central bank denver co 80222to daisy company 1313

User Account

All Pages