User Account

All Pages

Prepare the entry to record dillons credit sales

Assignment Help Financial Accounting
Reference no: EM13512427

Dillons Corporation made credit sales of $30,000 which are subject to 6% sales tax. The corporation also made cash sales which totaled $20,670 including the 6% sales tax.

(a) Prepare the entry to record Dillons' credit sales.

(b) Prepare the entry to record Dillons' cash sales.

Reference no: EM13512427

Questions Cloud

Determine the present value of this investment : Computing a Present Value - An investment will pay $15,000 at the end of each year for eight years and a one-time payment of $120,000 at the end of the eighth year. Determine the present value of this investment using a 7 percent interest rate.
How the following business transactions affect elements : Describe how the following business transactions affect the three elements of the accounting equation.
At what angle would this highway be directed : A highway is to be built between two towns, one of which lies 35.0 km south and 44.0 km west of the other.  at what angle would this highway be directed
Evaluate the present value of investment : Determine the present value of investment using a 10 percent interest rate.
Prepare the entry to record dillons credit sales : Dillons Corporation made credit sales of $30,000 which are subject to 6% sales tax. The corporation also made cash sales which totaled $20,670 including the 6% sales tax.
Find the acceleration of the heavier object : An unspecified force causes a 0.2-kg object to accelerate at 0.4 m/s2. find the acceleration (in m/s2) of the heavier object
Explain agno3 solution and a strip of cadmium metal : A voltaic cell is constructed by immersing a strip of silver metal in a 1.0M AgNO3 solution and a strip of Cadmium metal in a 1.0M Cd(NO)3 solution. the circuit is completed by a wire and a salt bridge in the usual way.
Prepare the journal entry to record lexington payroll : Lexington Corporation's weekly payroll of $24,000 included F.I.C.A. taxes withheld of $1,836, federal taxes withheld of $2,990, state taxes withheld of $920, and insurance premiums withheld of $250.
Determine the normal force on the block : A block with a mass of 40 kg is on an inclined plane with an angle of 20 degrees. Determine the normal force on the block

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!

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