What is the correct entry for Flores on November

Assignment Help Accounting Basics
Reference no: EM132526267

Question - On November 10 of the current year, Flores Mills sold carpet to a customer for $8,700 with credit terms 3/10, n/30. Flores uses the gross method of accounting for sales discounts. What is the correct entry for Flores on November 10?

Reference no: EM132526267

Questions Cloud

What would be the value of the ending inventory if use fifo : What would be the value of the ending Inventory if they use FIFO? Company A is a new online hat retailer. During the first month
Communicating and operationalizing analytics project : Putting all together involves communicating and operationalizing an analytics project. Creating the final deliverables and using a core set of material
How much were the deposit in transit at September : August 31, 2019 bank reconciliation showed deposits in transit of P9,500. How much were the deposit in transit at September 30, 2019
What would be the remaining balance of pepsico : Suppose PepsiCo has 3,000 cases What would be the remaining balance of PepsiCo in the Inventory account of this warehouse at the end of June?
What is the correct entry for Flores on November : On November 10 of the current year, Flores Mills sold carpet to a customer for $8,700 with credit terms 3/10, n/30. What is the correct entry for Flores
What would have been the cost of sales related to the cases : What would have been the Cost of Sales related to the cases shipped in June? Suppose PepsiCo has 3,000 cases of Pepsi in one of their warehouses
Can use book value per share ratio and cash per share ratio : Can use Book value per share ratio and Cash Per share ratio for efficiency ratio in order to analyse and recommend whether to invest money for retirement
Prepare the necessary December adjusting journal entry : Prepare the necessary December 31 adjusting journal entry to record depreciation for the current year assuming the company uses
Hypothalamic-pituitary-gonadal : The hypothalamic-pituitary-gonadal (HPG) axis works similar to the thyroid hormone axis and is diagrammed below. Notice that the feedback loops change

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