Find what amount anne marie record in purchases account

Assignment Help Accounting Basics
Reference no: EM132687135

Anne Marie went to a merchandisers' market on January 6th and purchased 25 coffee tables at $62 each. The terms of payment of the invoice were 2% 10, Net 30. When she returned to her office on January 10th, she wrote out and mailed a check to pay the invoice.

Problem 1: What amount will Anne Marie record in her purchases account?

Option 1: -$1,519

Option 2: -$1,835

Option 3: -$1,550

Option 4: -$1,804

Reference no: EM132687135

Questions Cloud

What would be recorded as a loss on transfer of receivables : Sheffield estimates the fair value of the recourse liability at $203000. What would be recorded as a gain (loss) on the transfer of receivables?
What is the expected return of wt stock : Wolfrum Technology? (WT) has no debt. Its assets will be worth ?$437 million one year from now if the economy is? strong, but only ?$237 million in one year if
Prepare a monthly factory overhead flexible budget : Flexible overhead budget - Prepare a monthly factory overhead flexible budget for 13,000, 14,000, and 15,000 hours of production
Discuss any financial reporting issues relating to cibc : Discuss any financial reporting issues relating to CIBC 2003 and 2017 financial statements. Use the conceptual framework for the analysis.
Find what amount anne marie record in purchases account : Find What amount Anne Marie record in purchases account? Anne Marie went to a merchandisers' market on January 6th and purchased 25 coffee tables
Prepare a flexible factory overhead cost budget : Prepare a flexible factory overhead cost budget for the Press Department for May for 8,000, 10,000, and 12,000 hours of production
200108 Contemporary Management Accounting Assignment : 200108 Contemporary Management Accounting Assignment Help and Solution, University of Western Sydney - Assessment Writing Service
Which one of the businesses would most likely use the fifo : Which one of the businesses would most likely use the FIFO method of inventory valuation? A car dealership. / A jewelry store.
Problem - Direct Materials and Direct Labor Variances : Problem - Direct Materials and Direct Labor Variances - Determine the direct materials quantity and direct labor time variances

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