User Account

All Pages

Record in t account from the transaction

Assignment Help Accounting Basics
Reference no: EM132588780

Question 1: Record in T account from the following transactions,assuming the periodic inventory system is used:

Aug. 4 Sold merchandise on credit to Rivera Company, terms n/30, FOB destination, $5040.

5 Paid transportation costs for sale of August 4, $462.

9 Part of the merchandise sold on August 4 was accepted back from Rivera Company for full credit and returned to merchandise inventory, $1,470.

Sept. 3 Collected in full the amount due from Rivera Company for merchandise sold on August 4, less the return on August 9.

Reference no: EM132588780

Questions Cloud

How well is black youths encouraged : How well is black youths encouraged to do other careers other than sports even by there own parents and how can that be differently handled
Paid Time Off Policies : While reviewing the information from the two merged companies, the HR Director has found out that each company has two different PTO policies.
What recommendation would make to maripily : What recommendation would you make to Maripily? Is it enough money? Did it fall short? How much did Maripily have to deposit from day 1?
Supply Chain Management- brick-and-mortar organizations : Select three problems that brick-and-mortar organizations face as they transition toward becoming virtual organizations.
Record in t account from the transaction : Record in T account from the transaction.Part of the merchandise sold on August 4 was accepted back from Rivera Company for full credit and returned
What are the ethical issues related to Barbara Brockman idea : Brockman Guitar Company is in the business of manufacturing top-quality, steel-string folk guitars. What are the ethical issues related to Barbara Brockman idea
Prepare entries related to the life insurance for the year : On January 2, 2019, Prepare entries related to the life insurance for the year 2019-2022. What is the gain on life insurance settlement?
Compute Shaw net cash provided : In 2019, Shaw AG reported a net loss of $70,000. Compute Shaw's net cash provided (used) by operating activities
Potential costs-failures of quality for memorial hospital : Explain the potential costs and failures of quality for Memorial Hospital and discuss how each can be measured.

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