What entry would oswego make on april

Assignment Help Accounting Basics
Reference no: EM131715995

Question - Oswego Clay Pipe Company sold $46,000 of pipe to Southeast Water District #45 on April 12 of the current year with terms 1/15, n/60. Oswego uses the gross method of accounting for cash discounts.

What entry would Oswego make on April 23, assuming the customer made the correct payment on that date?

Can someone please explain in detail how this is worked?

Reference no: EM131715995

Questions Cloud

Change media tool the organizations readiness for change : Determine if your selected organization is ready for change and suggest at least one strategy that organizational leaders can use to better prepare
How motivational levels can be impacted by this process : Explain why motivation is a main concern during the performance appraisal process and how motivational levels can be impacted by this process.
Increase in both the education and skills salesperson needs : Which of the following trends in sales has led to an increase in both the education and skills a salesperson needs?
Explain will it decrease bystander affect : Will it decrease bystander affect. Did you know this law existed? Would it change the way you act if you did
What entry would oswego make on april : What entry would Oswego make on April 23, assuming the customer made the correct payment on that date
Takes to execute a task : Given a list of numbers, assume each number represents the amount of time it takes to execute a task. How would you dive the tasks across
Development of policies that affect nursing and health care : identify and reflect upon key concepts related to your planning a policymaker call b) provide empirical evidence to support new insights gained regarding your
Describe the mean change in attitude : The first table contains the mean change in attitude, and the second is the ANOVA summary table.
Personal computers has created an opportunity for sales : The rise of personal computers has created an opportunity for sales people to add value by:

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