User Account

All Pages

Prepare the subsequent entry to record the payment

Assignment Help Accounting Basics
Reference no: EM133013973

Question - Bramble Inc. operates in a province, where it is subject to GST of 5%. In August, Bramble purchased $26,900 of merchandise inventory, and had sales of $52,000 on account. Bramble uses a periodic inventory system.

Prepare the summary entry to record the purchases for August.

Prepare the summary entry to record sales for August.

Prepare the subsequent entry to record the payment of any GST owing to the Receiver General for Canada.

Reference no: EM133013973

Questions Cloud

Calculate how much is the beta for our target firm : EasyCloud Co. has 40 million shares outstanding, currently trading at $1 per share, Calculate how much is the beta for our target firm
International brotherhood of electrical workers : Key points that you would put on a brochure if you work for the local electric company which has no union affiliation. You and several of your coworkers feel th
How much will you need to deposit in your account : If the interest rate remains constant at 7% and you want to make annual identical deposits, how much will you need to deposit in your account
What is radios quick ratio : Radio Corp total current liabilities of $22,000 an inventory of $7,000 and current assets of $26,400. If its current ratio is 1.2, what is radios quick ratio
Prepare the subsequent entry to record the payment : Prepare the subsequent entry to record the payment of any GST owing to the Receiver General for Canada
Calculate the debt ratio : Problem - A company reports total assets of $850,000 and stockholders' equity of $520,000. Calculate the debt ratio
What is the after-tax cost of preferred stock for Cullumber : If the current price of Cullumber preferred shares is $137.50, what is the after-tax cost of preferred stock for Cullumber
How much you expect total external failure costs to change : Verizon expects no changes in its operating level in the foreseeable future. How much do you expect total external failure costs to change
What is the amount of Riley casualty loss deduction : The van was originally purchased for $20,000 and the adjusted basis was $5,800. What is the amount of Riley's casualty loss deduction

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.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  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!

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