User Account

All Pages

What the entry or entries that Vander must make on September

Assignment Help Accounting Basics
Reference no: EM132727554

Question - On September 12, Vander Company sold merchandise in the amount of $5,800 to Jepson Company, with credit terms of 2/10, n/30. The cost of the items sold is $4,000. Vander uses the periodic inventory system and the gross method of accounting for sales. On September 14, Jepson returns some of the non-defective merchandise, which is restored to inventory. The selling price of the returned merchandise is $500 and the cost of the merchandise returned is $350. What the entry or entries that Vander must make on September 14?

Reference no: EM132727554

Questions Cloud

How to journalize the transactions : How to journalize the transactions - Dec. 1 Sold 380 shares of Escalante Corporation common stock for $24,320 cash
Determine the effective rate of the bonds : Determine the effective rate of the bonds. Show in good format, how the company would report the bonds on their balance sheet on December 31, 2015.
Law enforcement and legislative powers presentation : Create a 9-slide minimum Microsoft PowerPoint presentation in which you list the federal and state
Description of the program-building healthy texans : A brief description of the program; Building Healthy Texans: A Guide to lower healthcare costs and more productive employees.
What the entry or entries that Vander must make on September : The selling price of the returned merchandise is $500 and the cost of the merchandise returned is $350. What the entry or entries that Vander must make
Record all necessary entry related to option on june : Record all necessary entry/entries related to this option on December 1, 2018 assuming DCI exercises the call option and takes delivery of the shares of iLynes
Find a journal article online about the proper accounting : Find a journal article online about the proper accounting treatment for support department costs, joint costs, spoilage, or scrap
What is total cost of the ending inventory according to fifo : What is the total cost of the ending inventory according to FIFO? The firm uses the perpetual inventory system, and there are 23 units of the item on hand
Occupational safety and health : Briefly explain the difference between conductive and convective heat transfer.

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