User Account

All Pages

Journalize the september transactions

Assignment Help Accounting Basics
Reference no: EM131782388

Question - On September 1, Howe Office Supply had an inventory of 30 pocket calculators at a cost of $18 each. The company uses a perpetual inventory system. During September, the following transactions occurred.

Sept. 6 Purchased 80 calculators at $20 each from De Vito Co. for cash.

9 Paid freight of $80 on calculators purchased from De Vito Co.

10 Returned 2 calculators to De Vito Co. for $42 credit (including freight) because they did not meet specifications.

12 Sold 26 calculators costing $21 (including freight) for $31 each to Mega Book Store, terms n/30.

14 Granted credit of $31 Mega Book Store for the return of one calculator that was not ordered.

20 Sold 30 calculators costing $21 for $31 each to Barbara's Card Shop, terms n/30.

Instructions - Journalize the September transactions.

Reference no: EM131782388

Questions Cloud

Obtain the relationship for the velocity versus frequency : Using the equations of harmonic motion, obtain the relationship for the velocity versus frequency applicable to the velocity pickup.
Determining the system of two equations : Define your variables and set up a system of two equations and two unknowns for the following problem, then solve the system and answer the question.
Identify ethical issues that may arise in your project : List all the major activities that you will need to do and identify when you need to have them done by. This should be updated in your progress reports
Growth and profitability strategies : Executive board is interested in your ideas about bold strategies for the future. The strategies you recommend will have to contribute to growth-profitability
Journalize the september transactions : On September 1, Howe Office Supply had an inventory of 30 pocket calculators at a cost of $18 each. Journalize the September transactions
What voltage would be genera ted at 200 hz : Assuming that 3 mV (rms) is the accuracy limit of the instrument, determine the upper frequency limit of the instrument for 1 g excitation.
Is the onus on leaders and/or followers to adapt : Depending on the culture, adaptability may be considered a virtue or a weakness. Is the onus on leaders and/or followers to adapt?
Find the sales tax of a new above ground pool : Find the sales tax of a new above ground pool that you pay $14,900 for, if the tax rate in your area is 9.0%.
Determine its voltage output per : It is used with a vacuum-tube voltmeter with connecting cable 5 m long with a capacitance of 50 pF/m. Determine its voltage output per g.

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