Reference no: EM13925610
Paid rent for May, $5,000. Purchased merchandise on account from Martin Co., terms 2/10, n/30, FOB shipping point, $36,000. Paid freight on purchase of May 3, $600. Sold merchandise on account to Korman Co., terms 2/10, n/30, FOB shipping point, $68,500. The cost of the merchandise sold was $41,000. Received $22,300 cash from Halstad Co. on account, no discount. Sold merchandise for cash, $54,000. The cost of the merchandise sold was $32,000. Paid for merchandise purchased on May 3, less discount. Received merchandise returned on sale of May 6, $13,500. The cost of the merchandise returned was $8,000. Paid advertising expense for last half of May, $11,000. Received cash from sale of May 6, less return of May 14 and discount. Purchased merchandise for cash, $18,700. Paid $33,450 to Buttons Co. on account, no discount. Record the following transactions on Page 21 of the journal. Sold merchandise on account to Crescent Co., terms 1/10, n/30, FOB shipping point, $110,000. The cost of the merchandise sold was $70,000. For the convenience of Crescent Co., paid freight on sale of May 20, $2,300. Received $42,900 cash from Gee Co. on account, no discount. Purchased merchandise on account from Osterman Co., terms 1/10, n/30, FOB destination, $88,000. Returned $5,000 of damaged merchandise purchased on May 21, receiving credit from the seller. Refunded cash on sales made for cash, $7,500. The cost of the merchandise returned was $4,800. Paid sales salaries of $56,000 and office salaries of $29,000. Purchased store supplies for cash, $2,400. Sold merchandise on account to Turner Co., terms 2/10, n/30, FOB shipping point, $78,750. The cost of the merchandise sold was $47,000. Received cash from sale of May 20, less discount, plus freight paid on May 21. Paid for purchase of May 21, less return of May 24 and discount.
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Differences between a majority opinion, a concurring opinion
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Discuss week objectives with team
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Create a journal ledger
: he cost of the merchandise sold was $47,000. Received cash from sale of May 20, less discount, plus freight paid on May 21. Paid for purchase of May 21, less return of May 24 and discount.
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What is the purpose of risk management industry standards
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Bond price results in the most interest expense
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Find a method of moments estimate of ?.
: Suppose n = 5, and x 1 = 1.2, x 2 = 1.8, x 3 = 2.6, x 4 = 3.1, x 5 = 3.8.Find the method of moments estimate of θ.
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