User Account

All Pages

Journalize bloomingdale co entries for the sale

Assignment Help Accounting Basics
Reference no: EM132942688

Question - Transactions for Buyer and Seller - Statham Co. sold merchandise to Bloomingdale Co. on account, $147,600, terms FOB shipping point, 2/10, n/30. The cost of the merchandise sold is $88,600. Statham Co. paid freight of $2,400. Assume that all discounts are taken.

Journalize Statham Co.'s entries for the (a) sale, (b) purchase, and (c) payment of amount due. If an amount box does not require an entry, leave it blank.

Journalize Bloomingdale Co.'s entries for the (a) sale, and (b) payment of amount due. If an amount box does not require an entry, leave it blank.

Reference no: EM132942688

Questions Cloud

Determine x for paul : Paul invests money at an effective rate of discount, Paul's effective rate of discount is numerically equal to Gina's effective rate of interest. Determine x.
Determine the amount of depreciation expense for the years : Determine the amount of depreciation expense for the years ended December 31, Year 1, Year 2 and Year 3 by (a) the straight-line method
Determine x for eileen : Determine X for Eileen. Eileen buys a perpetuity-immediate with annual payments for a purchase price of X. The first payment is 1.02
Why when look at our bank statement is a deposit a credit : Why then when we look at our bank statement is a deposit a Credit? and a withdrawal is a debit? Why does that seem backwards?
Journalize bloomingdale co entries for the sale : Journalize Bloomingdale Co.'s entries for the (a) sale, and (b) payment of amount due. If an amount box does not require an entry, leave it blank
Calculate the times interest earned ratio for bargain deal : Bargain Deal, Inc., is a leading retailer specializing, Calculate the times interest earned ratio for Bargain Deal for its fiscal year ended January 28, 2017.
How much would mr naidu need to donate to the trust fund : Mr Naidu wishes to endow a scholarship of $ 5 000 per year for the next 15 years. How much would Mr Naidu need to donate to the trust fund
Calculate fountain required return on equity : The Deltin Corporation is currently paying a dividend of $2.50 per share. Use the Capital Asset Pricing Model to calculate Fountain's required return on equity
Determine x for ray : Ray deposits 100 in a fund paying interest, At end of 17 years, the accumulated value of his original deposit and his reinvested interest is 212. Determine X.

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.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  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!

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