How much cash will be received by de leon company

Assignment Help Accounting Basics
Reference no: EM132715048

Question: De Leon Co. sold goods with a list price of P6,172,000 on June 1, 2020. Trade discounts were 10% and 5%. Terms were 5/10, n/30. Customer paid P3,000,000 on June 5, 2020, and the remaining balance on June 10, 2020.

- How much cash will be received by De Leon Co. on June 10, 2020? The response must be typed, double spaced, times new roman, font size 12 and must follow APA format.

Reference no: EM132715048

Questions Cloud

How much were total trade discounts : Llamas Co. sold goods with an invoice price of P5,400,000 on January 1, 2020. Trade discounts were 20% and 10%. Terms were 5/15, n/45. Customer made a down.
How much should you bid for the contract for Nebraska : An event for 750 at an average cost $3.90; and an event for 1,200 at an average cost of $3.75. How much should you bid for the contract
Compare and contrast amazon culture : Identify how organizational culture will affect high attrition an low motivation overall. Compare and contrast Amazon's culture with the culture of another
Write down a mathematical formula for resulting net profit : Write down a mathematical formula for the resulting net profit of BestHockeySticks at T = 1. Sketch the profit as function of future rubber price.
How much cash will be received by de leon company : De Leon Co. sold goods with a list price of P6,172,000 on June 1, 2020. Trade discounts were 10% and 5%. Terms were 5/10, n/30. Customer paid P3,000,000.
What is the requirement id number : Goods: Parrots, over 3 days old, C/O: Hawaii, USA. Reason for import: Breeding. If CFIA does regulate the goods, what is the requirement ID number?
About the need for internet privacy : Explain how you feel about the need for Internet privacy. If you value your own privacy, explain why you do.
Prepare a statement of activities for the city of northern : Prepare a Statement of Activities for the City of Northern Pines for the year ended June 30, 2020. Northern Pines has no component units.
How do the lessons of an effective follower : How do the lessons of an effective follower impact your career or life?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Selleck has recently started the manufacture of recrobo a

selleck has recently started the manufacture of recrobo a three wheeled robot that can scan ahome for fires and gas

  Prepare the appropriate journal entry to record the purchase

The investment is classified as trading security. Prepare the appropriate journal entry to record the purchase of the stock

  Determining the cutoff values

Mutual funds, once more. Based on the model N(0.024, 0.056) for quarterly returns from Exercise 21, what are the cutoff values for the

  Prepare the journal entry to record lacy pension expense

Prepare the journal entry(s) to record Lacy's pension expense, gains or losses, prior service cost, funding, and payment of retiree benefits for 2011

  A prominent law firm that has more than 30 offices located

a prominent law firm that has more than 30 offices located worldwide is considering going to a cloud service for all of

  Prepare a schedule showing the employers total cost of wages

Ayayai Hardware Company's payroll for November 2017 is summarized below: Prepare a schedule showing the employer's total cost of wages for November by function

  Delicious cake factory normally sells their specialty cake

1- diamond company produces a chair that requires 5 yds. of material per unit. the standard price of one yard of

  Applying accounting assumptions and principles

Michael Manama is the proprietor of a property management company, Apartment Exchange, near the campus of Pensacola State College.

  What are the internal controls that need to be implemented

What are the major steps in converting from a manual to a computerized accounting system - what documents and information will you need to convert to the computerized system?

  Examine relative information content of the income statement

How Review the existing literature to critically examine the relative information content of the income statement and the statement of cash flows.

  Prepare the adjusting entry to record bad debts expense

Prepare the adjusting entry to record bad debts expense using the estimate from part a. Assume the unadjusted balance in the Allowance for Doubtful Accounts

  During september stutzman corporation incurred 90000 of

during september stutzman corporation incurred 90000 of actual manufacturing overhead costs. during the same period the

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