What food supplier journal entry to record sales transaction

Assignment Help Financial Accounting
Reference no: EM132973852

Problem 1: Giorgio Italian Market bought $11,100 worth of merchandise from Food Suppliers and signed a 120-day, 9% promissory note for the $11,100. Food Supplier's journal entry to record the sales transaction is

Reference no: EM132973852

Questions Cloud

How well whs utilises various assets : The Warehouse Group Limited (WHS), together with its subsidiaries, How well WHS generates operating profits and net profits from its sales.
Calculate each division asset turnover ratio : Management has a 23% target rate of return for each division. Calculate each division's asset turnover ratio
Identify the types of non-verbal communication : Identify the 6 types of non-verbal communication and discuss how these types would impact interpersonal communications in a high-context and a low-context commu
Social responsibilities of international business : The social responsibilities of International Business firms in developing areas. Please provide trustable sources
What food supplier journal entry to record sales transaction : What Food Supplier's journal entry to record the sales transaction is? Giorgio Italian Market bought $11,100 worth of merchandise from Food Supplier.
Explain the part of negotiations : You have been part of negotiations, whether at work, or getting a good apartment, or buying a car, or deciding which movie to go to.
What is the cost of goods sold for the current year : The following information was derived' from the accounting records of Geraldine Company for the current year: What is the cost of goods sold for current year
Prepare journal entries to account for the impairment loss : Prepare the journal entries as above, but now, assume the value in use of the model division at 30 June 2021 was determined to be $423,000.
What happened with blockbuster : What happened with Blockbuster? What do you think Blockbuster could have done to remain in business? Name 3 initiatives they could have put in place.

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd