Calculate the cash and sales discount

Assignment Help Accounting Basics
Reference no: EM132895996

Question - Calculate the Cash, Sales discount and accounts receivable values in a journal entry?

Sept 19 Sold merchandise on account; terms 2/15, n/30; $4,150. Cost was $820

Sept 29 Received payment for the merchandise sold on September 19.

Reference no: EM132895996

Questions Cloud

Assess information value of individual features : This assignment provides an opportunity to build an ANN model using the a bank marketing dataset
What is the balance in the goodwill class at the end : Ben purchased Miller Co. on January 1, 2018 for $430,000, which included $35,000 of goodwill. What is the balance in the goodwill class at the end
Define impairment of assets : Define impairment of assets. When does it occur and the accounting standards to use or observe in financial reporting. How do you asses an asset to be impaired
Explain an interim financial reporting : Is it different from other financial reporting? discuss differences and presentation requirements. Explain an Interim Financial Reporting
Calculate the cash and sales discount : Calculate the Cash, Sales discount and accounts receivable values in a journal entry - Sept 29 Received payment for the merchandise sold on September 19
How managers can best motivate employees according to theory : Choose one theory of motivation that we learned about. explain the leadership theory and describe how managers can best motivate employees according to the theo
Define earnings per share and importance : Give examples of business decisions where you use earnings per share. How do you use earnings per share in making business decisions?
Calculate the tax liability for ABC Corporation : Question - Calculate the tax liability for ABC Corporation (C Corp.) if taxable income amounts to: a) $75,000 b) $300,000 c) $19,000,000
MASC 10005 Statistics Assignment : MASC 10005 Statistics Assignment Help and Solution, Middle East College - Assessment Writing Service - Apply different techniques of sampling

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd