User Account

All Pages

What is the correct entry for Flores on November

Assignment Help Accounting Basics
Reference no: EM132590906

Question - On November 10 of the current year, Flores Mills sold carpet to a customer for $8,900 with credit terms 1/10, n/30. Flores uses the gross method of accounting for sales discounts.

What is the correct entry for Flores on November 17, assuming the correct payment was received on that date?

a. Cash 8,811 Sales discounts89 Accounts receivable 8,900

b. Cash 8,900 Sales discounts89 Accounts receivable 8,900Sales 89

c. Cash 8,811 Accounts receivable 8,811

d. Cash 8,811 Sales89 Accounts receivable 8,900

Reference no: EM132590906

Questions Cloud

Find the mass of c2h2 in the original mixture : A mixture of C3H8 and C2H2 has a mass of 2.4 g . It is burned in excess O2 to form a mixture of water and carbon dioxide
Advances in information and communication technology : The recent advances in information and communication technology (ICT) has promoted the evolution of conventional computer-aided manufacturing industry
Calculate the sales revenue in year : Anderson Company, Calculate the Sales revenue in year 2 and Return on investment in year 1 and Return on investment in year 1.
What the total increase or decrease in net income : What The total increase or decrease in net income by replacing the current machine with the new machine (ignoring the time value of money) is
What is the correct entry for Flores on November : Flores Mills sold carpet to a customer for $8,900 with credit terms 1/10, n/30. What is the correct entry for Flores on November 17
How the impact on operating income for eliminating business : How The impact on operating income for eliminating this business segment would be?Soar Incorporated is considering eliminating its mountain bike
Conducted to deal with the issue of noise : What kind of user training should be conducted to deal with the issue of noise. How do you strike a balance between being overwhelmed with false positives
ENGT5260 Resource Efficient Design Assignment : ENGT5260 Resource Efficient Design Assignment Help and Solution, De Montfort University - Assessment Writing Service - Discuss this statement
How calculate the net present value in dollars : Calculate the net present value in dollars , assuming a 15% rate of return. (Ignore income taxes.)Magenta Inc. is considering modernizing production facility

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.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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