Reference no: EM132380362
Question
Journalize the December transactions using a perpetual inventory system.
On December 1, 2017, Devine Distributing Company had the following account balances.
Debit Credit
Cash $7,000 Accumulated Depreciation-Equipment $2,200
Accounts Receivable 5,000 Accounts Payable 4,700
Inventory 12,400 Salaries and Wages Payable 1,000
Supplies 1,300 Common Stock 15,400
Equipment 22,000 Retained Earnings 24,400
$47,700 47,700
During December, the company completed the following summary transactions.
Dec. 6 Paid $1,600 for salaries due employees, of which $600 is for December and $1,000 is for November salaries payable.
8 Received $1,800 cash from customers in payment of account (no discount allowed).
10 Sold merchandise for cash $6,900. The cost of the merchandise sold was $3,900.
13 Purchased merchandise on account from Hecht Co. $8,700, terms 2/10, n/30.
15 Purchased supplies for cash $1,800.
18 Sold merchandise on account $12,400, terms 3/10, n/30. The cost of the merchandise sold was $8,000.
20 Paid salaries $1,700.
23 Paid Hecht Co. in full, less discount.
27 Received collections in full, less discounts, from customers billed on December 18.
|
Discuss the use of blockchain for the protection
: Discuss in 500 words or more the use of blockchain for the protection of one of medical, financial, or educational records. The response must be typed.
|
|
MGT501 Business Environment Assignment Problem
: MGT501 Business Environment Assignment help and solution, Initial Statement of Intent, Assessment help, Torrens University - Develop and apply a conceptual
|
|
What would make a lead-out effective
: Your thoughts on what would make a lead-out effective? Alternatively, what might be something to avoid when writing a lead-out?
|
|
What method can be used to determine a projects valuation
: What method can be used to determine a project's valuation, other than discounted cash flow?(DCF) analysis, would be favorable.
|
|
Journalize the december transactions using inventory system
: Journalize the December transactions using a perpetual inventory system. Received collections in full, less discounts, from customers billed on December 18.
|
|
Identify cultural conceptions of illness and mental illness
: Social workers need to be able to identify cultural conceptions of illness and mental illness. Identify which relevant subsections of the CFI you used.
|
|
Describe how the primary group shaped the social nature
: Describe how the primary group shaped the social nature of the Lovings. Explain how the Loving couple's primary group influenced their lives.
|
|
What will you do to convinced your father and other officers
: If you are in Ms. King shoes, what will you do to convinced your father and other officers that your assumptions are correct?
|
|
How person is willing to help themselves
: Some factors that will increase the helping of others is how a person is willing to help themselves, some people just have it in them to wont to help others
|