What amounts related to this transaction

Assignment Help Financial Accounting

Reference no: EM13140660

Assume PC Mall sold inventory on account to eCOST.com on December 28, 2008, which was to be delivered January 3, 2009. The inventory cost PC Mall $25,000 and the selling price was $30,000. What amounts, if any, related to this transaction would be reported on PC Mall’s balance sheet and income statement in 2008? In 2009?

Reference no: EM13140660

Questions Cloud

Potential non-misstatement timing differences : Assume an accounts receivable confirmation is returned with a note to the auditor describing a difference between your client's records and the customer's records. Clearly describe below two potential non-misstatement timing differences that could..

Assume a cdma system has only four walsh codes : Assume a CDMA system has only 4 walsh codes. If the mobile is assigned W4 and receives a data stream of 11011010, what is the output?

How much salary expense should be recorded two days later on : Employees at B Corporation are paid $5,000 cash every Friday for working Monday through Friday. The calendar year accounting period ends on Wednesday, December 31. How much salary expense should be recorded two days later on January 2?

Find processes occurs to maintain the fidelity sequence : During the biosynthesis of a protein, which of the following processes occurs to maintain the fidelity sequence? (A) restoration (B) renovation (C) repair (D) remodeling.

What amounts related to this transaction : The inventory cost PC Mall $25,000 and the selling price was $30,000. What amounts, if any, related to this transaction would be reported on PC Mall’s balance sheet and income statement in 2008? In 2009?

Calculate the moles of ar present : A 335 mL container holds 0.146 g of Ne and an unknown amount of Ar at 35°C and a total pressure of 628 mmHg. Calculate the moles of Ar present.

Amount of warranty expense : As a result of these transactions, what is the amount of warranty expense for the year and what is the ending balance in Warranty Payable.

Audit of inventory management process : The audit of the inventory management process is affected by the audit results from multiple other processes. Identify the processes, other than the inventory management process,

Evidence to support claim that course is actually effective : If the random sample of 16 men does result in a mean score of 590 is there strong evidence to support the claim that the course is actually effective? why or why not?

User Account

All Pages