User Account

All Pages

Discuss system meaning that the inventory reduction

Assignment Help Accounting Basics
Reference no: EM131788567

Make a journal entry necessary to record the following transaction. sold merchandicing costing 8000 for 14000. of the 14000, 4000 was received in cash and the remainder was on account. Assume a perpetual inventory system meaning that the inventory reduction is recorded at the time of the sale.

Reference no: EM131788567

Questions Cloud

A monopoly player claims that the probability about rolling : A Monopoly player claims that the probability of getting a 4 when rolling a six-sided die is 1/6 because the die is equally likely to land on any of the six sid
How the ifrs and the codification are related : How the IFRS and the Codification are related? How to measure fair value and in some cases the guidance was conflicting.
Is this an example of empirical or theoretical probability : On the basis of this, he claims that the probability of drawing a black card from a fair deck of cards is 60%.
Conduct a strengths-weaknesses-opportunities-threats : COIT20249 - Write the second paragraph to highlight the need for ICT professionals to be good critical thinkers. This paragraph should begin
Discuss system meaning that the inventory reduction : Assume a perpetual inventory system meaning that the inventory reduction is recorded at the time of the sale
Operation and that then performs the indicated operation : Write a program to read two complex numbers and a symbol for an operation and that then performs the indicated operation.
Compute norstar earnings per share for the year ended : For the year ended December 31, 2011, Norstar Industries reported net income of $655,000. Compute Norstar's earnings per share for the year ended December
Is the friend referring to an empirical probability : A friend flips a coin 10 times and says that the probability of getting a head is 60% because he got six heads.
What projections were made in creating the budget : What projections were made in creating budget? What might occur if projections are incorrect (some financial figures are helpful here, but not a full budget).

Reviews

Write a Review

Accounting Basics Questions & Answers

  William hancock traded a delivery truck and 5000 cash for a

william hancock traded a delivery truck and 5000 cash for a newer van. this transaction has commericial substance.value

  Prepare a trial balance to prove the equality

Prepare a trial balance to prove the equality of debits and credits.

  Bap corporation uses a 12 target rate of return for new

bap corporation is reviewing an investment proposal. the initial cost and estimates of the book value of the investment

  Identify the source of each income item

Emma, a U.S. resident, received the following income items for the current tax year. Identify the source of each income item as either U.S. or foreign

  How much interest is paid each interest period

How much interest is paid each interest period? How much bond interest expense is recorded on the first interest date (after the issue date)?

  The johnson company began operations on january 1st when

the johnson company began operations on january 1st when its owners invested 60000. the following information was

  Product cost abc company believes that it has an additional

product cost abc company believes that it has an additional 5000 machine hours available in the current facility before

  If profit margin 10 fraud loss 436million then why the

if profit margin 10 fraud loss 436million then why the revenue to restore the effect on net income is 4.36 billion

  Responsibility accounting-flexible budgets improve moral

Although XBRL facilitates the electronic exchange of financial information, some external users do not think it goes far enough. They would like access to the entire general ledger, not just to XBRL-tagged financial reports that summarize general ..

  Budgets from which it projects

Who controls the budgets from which IT projects are funded at Volkswagen of America? Who should control these budgets? Should the IT department have its own budget?

  How many shares of common stock are issued and outstanding

on may 31 2008 donald co. has 100000 shares of 9 par value common stock issued and outstanding. the balance sheet

  What principles of internal control were violated in case

Prepare a 1,050-word bank reconciliation report including the following: What principles of internal control were violated in this case

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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