Orange co sold red co merchandise on account fob shipping

Assignment Help Accounting Basics
Reference no: EM13573163

Orange Co. sold Red Co. merchandise on account FOB shipping point, 1/10, net 30, for $11,021. Orange Co. prepaid the $295 shipping charge. Using the perpetual inventory method, which of the following entries will Red Co. make if Red Co. pays within the discount period?

Reference no: EM13573163

Questions Cloud

Silver co sold merchandise to bronze co on account 31103 : silver co. sold merchandise to bronze co. on account 31103 terms 215 net 45. the cost of the merchandise sold is 14110.
How much are the net cash flows from investing activities : the following 2009 information relates to raddatz inc.net income365000depreciation expense96000amortization of
The comparative income statement in thousands of dollars : the comparative income statement in thousands of dollars for the fiscal years 2008 and 2007 was adapted from the annual
Remember a time when you punished a child did the : 2 pages in length double spaced. the font should be times new roman 12.remember a time when you punished a child. did
Orange co sold red co merchandise on account fob shipping : orange co. sold red co. merchandise on account fob shipping point 110 net 30 for 11021. orange co. prepaid the 295
Assume that a software organization is considering creating : assume that a software organization is considering creating a new software product. assume that the new software
A project has an initial outla of 4000 it has a single : a project has an initial outla of 4000. it has a singlepayoff at the end of the year 4 of 6996.46. what is the internal
Corrosion chemical co produces several chemical compounds : corrosion chemical co. produces several chemical compounds. each compound can be sold at the split-off point or
Would the cost of telephone operators for a toll-free : would the cost of telephone operators for a toll-free hotline to help customers operate products be product costs or

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.

  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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd