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Question - Alpha Company used the periodic inventory system for purchase & sales 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
Use this information to make Alpha Company's General Journal entries (without explanation) for May 2 & May 3 entries. If no entry is required then write "No Entry Required."
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materials used by company x in producing division as product are currently purchased from outside suppliers at a cost
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in 2040 your investment account along with your retirement fund has resulted in a tidy sum of 3.75 million dollars so
Orosco Supply Co. has the following transactions related to notes receivable during the last 2 months of 2008.
What is the balance of retained earnings that Pop would report on the consolidated balance sheet as at December 31, 2019
The company's annual accounting period ends on December 31. Find the adjusting entry needed on December 31
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