Find the cash paid on june equals

Assignment Help Accounting Basics
Reference no: EM132820404

Question - A company purchased $9,000 of merchandise on June 15 with terms of 3/10, n/45. On June 20, it returned $450 of that merchandise. On June 24, it paid the balance owed for the merchandise taking any discount it was entitled to. Find the cash paid on June 24 equals?

Reference no: EM132820404

Questions Cloud

How policy affects clients might see in aclinical setting : How this policy affects clients you might see in a clinical setting and why, as a clinical social worker, it would be important to advocate for change.
Briefly explain competency based pay : Briefly explain competency based pay, including its advantages and disadvantages.
Evaluate the international risk governance council : Evaluate the International Risk Governance Council (IRGC), on the Internet, and identify one important aspect of this organization.
Ethical issues surrounding social media-employee obligations : Discuss the current status and the ethical issues surrounding social media and employee obligations.
Find the cash paid on june equals : On June 24, it paid the balance owed for the merchandise taking any discount it was entitled to. Find the cash paid on June 24 equals
Describe the system of stratification : Do the media representations convey any messages about which members of this group society values most? Please provide an example for why or why not.
Discuss repetitive behaviors that given with asd may perform : Discuss the repetitive behaviors that those with ASD may perform. Differentiate between lower an higher order repetitive behaviors. What role do repetitive.
What is the definition of project management : What is the definition of "project management"? How is project management different from program management?
Prepare the entries for the mentioned transactions : On April 1, the entity assigned 700,000 accounts receivable to a bank under a non-notification arrangement. Prepare the entries for the mentioned transactions

Reviews

Write a Review

Accounting Basics Questions & Answers

  Prepare condensed divisional income statements for the year

Prepare condensed divisional income statements for the year ended December 31, 2012, assuming that there were no service department charges

  Calculate the expected value of the annual net benefits

The initial cost of constructing a permanent dam (i.e., a dam that is expected to last forever) is $513 million. Calculate the expected value of the annual net benefits

  Make a journal entry or entries to record pension expense

Metlock Company sponsors a defined benefit pension plan for its employees. Make a journal entry or entries to record pension expense

  Calculate the amount of after-tax cash flow

Calculate the amount of after-tax cash flow available to each investor if the business is established as a partnership versus a corporation

  What are the estimated cash disbursements for raw materials

If the cost of raw materials purchases in June is $88,880, what are the estimated cash disbursements for raw materials purchases in July

  What volume is required to provide a pretax profit

What volume is required to provide a pretax profit of $100,000? A pretax profit of $200,000? Make any necessary assumptions about utilization

  Prepare Blossom journal entry

Prepare Blossom's journal entry if (a) the stock has no stated value, and (b) the stock has a stated value of $3 per share

  How much will pay in total for product z

The cash discount terms are 4/7, n/20. How much will pay in total for product Z assuming that you pay for the product 6 days after the day of purchase

  Explain the slip reporting for the two groups of employees

Explain the difference in the T4 information slip reporting for these two groups of employees. Your organization currently has a defined contribution pension.

  Make the entry batman makes when it buys the bonds

On 1/1/1999 Batman Co. purchased all of the outstanding shares of Superman Company at book value. Make the entry batman makes when it buys the bonds

  Prepare the closing journal entries for norton cinema

At March 31, account balances after adjustments for Norton Cinema are as follows: Prepare the closing journal entries for Norton Cinema

  Should rachael go ahead with purchasing the computer

Should Rachael go ahead with purchasing the computer if the required rate of return is 15%? Show your calculations. Calculate Internal Rate of Return

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