What the journal entry Saturn would write on January

Assignment Help Accounting Basics
Reference no: EM132751438

Question - On January 15th, Saturn Company makes a $10,000 sale on account with terms of 2/10, n/30. The cost of the inventory sold was $6,700. On January 25th, Saturn received a check for payment of the items sold on January 15th. Saturn uses the perpetual inventory system. What the journal entry Saturn would write on January 25th?

Reference no: EM132751438

Questions Cloud

What representing total production for the current period is : What representing total production for the current period, is? If the expected sales volume for the current period is 7,000 units.
Briefly describe the quantitative study you selected : Review the article, "From Single Case to Database: A New Method for Enhancing Psychotherapy Practice." Pay particular attention to how both quantitative.
Compute factory overhead that blackwelder factory allocate : Find the factory overhead that Blackwelder Factory will allocate to desk lamp production if actual direct labor hours for the period for desk lamps is 188,000
Identifying and adapting to cultural differences : Discuss the importance of identifying and adapting to cultural differences.
What the journal entry Saturn would write on January : On January 15th, Saturn Company makes a $10,000 sale on account with terms of 2/10, n/30. What the journal entry Saturn would write on January
Find how will make a income statement for march just down : Hat store returned 3 damaged hats, related to 3/1 purchase and received a $200 credit. How will make a Income statement for March just down to the Gross Profit?
Describe forensic risk assessment instruments : Describe two forensic risk assessment instruments that may be used by the forensic professional when assessing the school shooter for competency to stand trial.
Find the number of runs per year : The Friendly Sausage Factory (FSF) can produce hot dogs at a rate of 5,000 per day. Find the number of runs per year
Rapid identification of the cause of symptoms : On examination she was alert and oriented and complained of a fever, terrible headache, and stiff neck.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Business auto expenses for teresa

Teresa is a civil engineer who uses her automobile for business evenly throughout the year. Teresa drove her automobile a total of $22,650 miles evenly during 2011, of which 95% was business mileage.

  Record the adjusting entries in the general journal

The balances of the revenue and expense accounts listed in the Income Statement section of the worksheet - Record the adjusting entries in the general journal

  Find the Red and White net income under variable costing

Required - Find the Red and White's net income under variable costing if 1,150 units are sold and operating expenses are $16,300

  Prepare retained earnings statement

YUC hotel Corporation opens a new Hotel on January 1, 2020. 27th January, Paid salary for employees $5,000 Cash. Prepare retained earnings statement

  Determining the gain or loss on bonds

Assume that the bonds are redeemed on December 31, 2014, at 102.

  Journalize the entries to record the omitted adjustments

Unbilled fees earned at August 31, $31,900. Depreciation of equipment for August, $7,500. Journalize the entries to record the omitted adjustments

  Find the estimated cost of the work

Determine the estimated cost of the work performed each week given the tasks-with their associated costs and schedules-shown in the following table.

  Write financial analysis of a publicly traded company

Write 4 pages paper with a financial analysis of a publicly traded company. The response must be typed, single spaced.

  What was the amount of the projected benefit obligation

What was the amount of the projected benefit obligation at year-end? (Enter your answer in millions. Omit the "tiny_mce_markerquot; sign in your response.)

  ACC 308 Accounting Information Systems Assignment

ACC 308 Accounting Information Systems Assignment Help and Solution - Ashford University, USA. Prepare the fund balance section of the Balance Sheet

  Calculate gluco earnings per share

During the year ended December 31, 2014, Gluco, Inc., split its stock on a 4-for-1 basis. Calculate Gluco's earnings per share for 2013

  Discuss differences between absorption and variable costing

Explain the differences between absorption and variable costing. Find an example in another source besides your book of the variable costing contribution

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