Solution-What amount should delilah record purchases on

What amount should delilah record purchases on october

Reference no: EM132830098

Problem 1: Delilah Trading regularly buys its inventory from Mae Company and is allowed trade discount of 20% from the list price. Delilah made a purchase on October 5, and received an invoice with a list price of P45,000, a freight charge of P2,500, and payment terms of 2/10, net 30 days. Both companies use periodic inventory system. At what amount should Delilah record Purchases on October 5?

Option 1: P38,500

Option 2: P47,500

Option 3: P45,000

Option 4: P36,000

Reference no: EM132830098

Questions Cloud

Why netflix is a threat to walt disney company : Disney launched its platform on November 12 with the clear goal of ending Netflix's leadership. What could be the reason why Netflix is a threat to Walt Disney

Describe the primary characteristics of the disability : Each student will select a disability that qualifies an infant/toddler or child, preschool to age 8 for early intervention/special education services.

Explain objective existence and subjective meaning : 1. While human experiences are shaped by the components of society, humans remain creatures who must find meaning in their surrounding

Business ethics and corporate responsibility : Illustrates how real businesses sustain their competitive advantages by conducting ethical business and demonstrating corporate social responsibility

What amount should delilah record purchases on october : Payment terms of 2/10, net 30 days. Both companies use periodic inventory system. At what amount should Delilah record Purchases on October 5?

Describe the lessons of using for semester project : What are some lessons that you are planning to use for the SIOP Unit Project? What activities do you think will allow students to practice and apply the key.

Companies using ratios : What were the criteria used in selecting the companies? Compare and explain the results of the ratios.

What transaction increased the cash account by : Merchandise to Jesse for ?50,000 less 10 on terms 25% down and the balance 2/10 n/30. In Altair's books, this transaction increased the Cash account by

Determine what the cost of goods sold for the year was : What the cost of goods sold for this year was? During the year, it increased to ?980,000 with the owner making additional investment

User Account

All Pages

What amount should delilah record purchases on october

Reference no: EM132830098

Reference no: EM132830098

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

Prepare the Statement of Cash Flows for Alpha Company

Would report income from discontinued operations of

How a manager would use the concepts in the articles

What is the additional profit of accepting this offer

Discuss the federal income tax rate on corporate dividends

Prepare relevant journal entries in the general ledger

Calculate the effect on C for this redemption

Find the payback period for rearden mining operation

What are some of the accrued expenses

Tom zuluaga company placed the asset in service on january

Balance sheet as of july 31 2013statement of cash flows for

The accountant recommends that the project be rejected

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT