User Account

All Pages

Make a alpha company general journal entries

Assignment Help Accounting Basics
Reference no: EM132781179

Alpha Company used the periodic inventory system for purchase &s ales of merchandise. Discount terms for both purchase & sales are, FOB Destination, 2/10, n30 and the gross method is used.

  • Alpha Company sold on account merchandise costing $3,000 to Bravo Company on May 2, 2016. Selling price was $4,500. Freight charges related to this transaction of $200 were paid by Alpha Company.
  • Bravo Company returned, to Alpha Company, merchandise with an original cost to Alpha of $300 on May 3, 2016. Merchandise was sold to Bravo for $450

Problem 1: Use this information for a Alpha Company's General Journal entries (without explanation) for May 2 & May 3 entries.

Reference no: EM132781179

Questions Cloud

Perform horizontal analysis : Question - Artie LLC had the following income statement data for the past 3 years. Perform horizontal analysis, using 2018 as the base year
What obligations us government has towards citizens : 1) Explain what obligations the U.S. government has towards its citizens and how these obligations impact individual and group rights.
Why would diaz select poem to introduce readers : Respond to the Walcott & Diaz question: Now consider the Walcott poem as a preface to Diaz's story. Why would Diaz select this poem to introduce readers to his.
Describe voter id laws in a state : Describe voter ID laws in a state of your choosing. Summarize any recent developments or controversies regarding voter ID laws in the state you have chosen
Make a alpha company general journal entries : Alpha Company used the periodic inventory system, Make a Alpha Company's General Journal entries (without explanation) for May 2 & May 3 entries.
How can a bill get stuck in the house of representatives : How can a bill get stuck in the House of Representatives?
Write a news article about the holocaust : Write a 200-250 word summary on a news article about the Holocaust. Use an article from appropriate modern news outlet: New York Times, BBC, Smithsonian.
Compute the rotermagic weighted average cost of capital : The cost of equity capital for Rotermagic is 15%, and its tax rate is 30%. Compute the Rotermagic Weighted Average Cost of Capital
What are the audit file assembly deadlines : What are the audit file assembly deadlines and the audit file retention policies for public and private company audits? Provide an analysis

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