Silver co sold merchandise to bronze co on account 31103

Assignment Help Accounting Basics
Reference no: EM13573167

Silver Co. sold merchandise to Bronze Co. on account, $31,103, terms 2/15, net 45. The cost of the merchandise sold is $14,110. Silver Co. issued a credit memorandum for $2,127 for merchandise returned that originally cost $1,130. The Bronze Co. paid the invoice within the discount period. What is amount of net sales from the above transactions?

Reference no: EM13573167

Questions Cloud

Job hunting expense by an elementary school teacher seeking : 1dues to auto club e.g. aaa for taxpayer who uses the automatic mileage method.2nursing refresher course for taxpayer
The accountant for milton inc is preparing the budgets for : the accountant for milton inc. is preparing the budgets for operating department support service costs. maintenance
The bonds have a cupon interest rate of 7 what dollar : charter corp. has issued 25000 debentures with a total principal value of 2500000. the bonds have a cupon interest
Fisk corporation is trying to improve its inventory control : fisk corporation is trying to improve its inventory control system and has installed an online computer at its retail
Silver co sold merchandise to bronze co on account 31103 : silver co. sold merchandise to bronze co. on account 31103 terms 215 net 45. the cost of the merchandise sold is 14110.
How much are the net cash flows from investing activities : the following 2009 information relates to raddatz inc.net income365000depreciation expense96000amortization of
The comparative income statement in thousands of dollars : the comparative income statement in thousands of dollars for the fiscal years 2008 and 2007 was adapted from the annual
Remember a time when you punished a child did the : 2 pages in length double spaced. the font should be times new roman 12.remember a time when you punished a child. did
Orange co sold red co merchandise on account fob shipping : orange co. sold red co. merchandise on account fob shipping point 110 net 30 for 11021. orange co. prepaid the 295

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