Periodic method-balance in ledger purchases account

Assignment Help Financial Accounting
Reference no: EM13777933

JaCo uses the periodic method. Its begging inventory is $43,000, purchases are $321,000, FOB destination, purchase returns are $ 17,000, and freight is $ 9,000. The balance in JaCo's ledger Purchases account is?

Reference no: EM13777933

Questions Cloud

Using the sum-of-the-years-digits method : Deluxe Ezra Company purchases equipment on January 1, Year 1, at a cost of $1,050,560. The asset is expected to have a service life of 12 years and a salvage value of $89,600. Compute the amount of depreciation for Years 1 through 3 using the straigh..
Write about how you handle stress and stressors in your life : Write an essay about how you handle stress and stressors in your life. who or what are the stressors in your life? What are the stressors or the stress triggers? How does stress affect emotionally/physically?
Assignment-expected value and consumer choices : Consumers' choices are prey to subtle discrepancies that arise in cognitive accounting. Learning how and when you are prey to these discrepancies is an important step in improving your decision making.
What patterns might influence the direction of your research : What patterns might influence the direction of your research? What are the possible policy implications of your research? Provide some examples of policies that might result from your research
Periodic method-balance in ledger purchases account : JaCo uses the periodic method. Its begging inventory is $43,000, purchases are $321,000, FOB destination, purchase returns are $ 17,000, and freight is $ 9,000. The balance in JaCo's ledger Purchases account is?
The need for treatment in the criminal justice system : One of the principles of effective treatment of substance-abusing offenders is: "Develop commitment from jail administrators to support the substance abuse treatment program and provide adequate staff and technical resources." Although this sound ..
Determine the output displayed when the button is clicked : Determine the output displayed when the button is clicked. Assume the five lines of the file Dates.txt contain the numbers 1492, 1776, 1812, 1929, and 1941 and the file is in the appropriate folder.
Do you think what oracle mr ellison was ethical : The Association for Competitive Technology (ACT) is a trade group funded largely by Microsoft Corporation. Do you think what Oracle, Mr. Ellison, and Ms. Lopez did was ethical
What effect will occur to the overall company net income : Central Apparel Company owns two stores and management is considering eliminating the East store due to declining sales. Contribution income statements are as follows and common fixed costs are allocated on the basis of sales. what effect will occur ..

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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