Prepare entries in journal form without explanations for

Assignment Help Accounting Basics
Reference no: EM13391772

Prepare entries in journal form without explanations for the merchandising transactions listed below for Kona Company. Assume use of the periodic inventory system.

July 1 Sold merchandise to Tubman Company for $2,000, terms n/15

July 2 Purchased merchandise from Apple Company for $8,000, terms n/15

July 3 Gave credit to Tubman Company for merchandise returned, $200

July 5 Purchased merchandise from Middleton Company for $10,000, terms n/30

July 10 Received payment from Tubman Company for purchase of July 1

July 11 Returned $1,000 in merchandise to Middleton Company for credit

July 13 Paid Apple Company in full for purchase July 2

July 14 Paid Middleton Company in Full for Purchase of July 5

Reference no: EM13391772

Questions Cloud

An engineered system consists of a hazard rate of 001 : an engineered system has a hazard rate of 0.01 failures per hour.a what is its mtbf? if the same system has an mtbm of
An engineered system comprise of one each of three : an engineered system consists of one each of three components x y and z with reliabilities rx ry and rz of 0.94 0.80
How does the medium in which you are communicating your : review at least three of these sources and describe more specifically how they can assist in the writing and editing
Write down the reasons for dividing the systems engineering : 1 what are the reasons for dividing the systems engineeringnew products development process into phases or stages?2
Prepare entries in journal form without explanations for : prepare entries in journal form without explanations for the merchandising transactions listed below for kona company.
Nokia inc has two user departments wireless communications : nokia inc. has two user departments wireless communications amp digital communications. the two support departments are
Describe the reasoning what are two techniques which you : corporations often use different costs of capital for different operating divisions. using an example calculate the
Dscribe the different types of ethical issues and legal : some of the topics you have learned about were branding integrated marketing communications customer relationships
Discuss what impact the following external factors might : identify how changes in the external environment affect the om strategy for a company. for instance discuss what impact

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