User Account

All Pages

Record purchase and sales transactions

Assignment Help Financial Accounting
Reference no: EM133134709

Question - Record purchase and sales transactions and determine merchandise inventory-perpetual system.

Dec. 3 Jun Company sold merchandise to Valeriya Co. for $33,000, terms 2/10, n/30, FOB destination. This merchandise cost Jun Company $15,000.

Dec. 4 The correct company paid freight charges of $330.

Dec. 8 Valeriya Co. returned unwanted merchandise to Jun. The returned merchandise had a sales price of $1,300 and a cost of $930. It was restored to inventory.

Dec. 13 Jun Company received the balance due from Valeriya Co.

Reference no: EM133134709

Questions Cloud

What were the advantages to kinaxis of using personality : What were the advantages to Kinaxis of using personality tests to help select sales representatives? What were the disadvantages?
How do technology has improved training and employees : How do technology has improved training and employees development describes some of the limitations of using smartphones or notebooks for training
Address performance issues in different age groups : Discuss tactics that can be used to address performance issues in different age groups.
What challenges do employees face regarding diversity : What challenges do employees face regarding diversity and inclusion as it relates to a work environment that has people in different age group.
Record purchase and sales transactions : Record purchase and sales transactions and determine merchandise inventory-perpetual system - Dec. 4 The correct company paid freight charges of $330
Identify the plan based : Describe a variable pay plan you currently use or one with which you've had past experience. Identify the plan based on those described in Chapter 8 and the cat
Benefits offered by current employer : Consider the benefits offered by your current employer, or a past employer, and relate those to the benefits described in Chapter 8. How well were your benefits
Customer relationship of a hotel : How does the technology and customer relationship of a hotel impact its policies?
Explain ethical issues with the organization : Is there a value to an organization having a confidential means to report compliance or ethical issues with the organization?

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