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Journal Entries( The company uses the perpetual inventory system. Round Sign In (https://www.homeworklib.com/login) Sign Up (https://www.homeworklib.com/register) amounts to nearest... related homework questions
Ask a Question (https://www.homeworklib.com/questions/as Get FREE EXPERT Answers WITHIN MINUTES Journal Entries( The company uses the perpetual inventory system. Round amounts to nearest... (https://www.homeworklib.com/question_397805_journal-entries-the-companyuses-the-perpetual-inventory-system-round-amounts-to-nearest)
2014-01-07 04:51:11 in business (https://www.homeworklib.com/topic/business-4178) accounting (https://www.homeworklib.com/topic/accounting) Atlas Co. allos select customers to make purchases on Credits. Its other customers can use either of two cards:Zisa or Access. Zisa deducts a 3% service charge frosales on its credit card and credits the bank account of Altas immediately when credit card receipts are deposits the Zisa credit cared receipts each business day.When customers use Access credit cards, Altas accumulates the receipts for several days before submitting them to Access for payment. Access deducts a 2% servicecharge and usually pays within one week of being billed. Atlas completes the following transactions in June. ( The term of all credit sales are 2/15, n/30, and allsales are recorded at the gross price.)June 4 Sold $750 of merchandise (that had cost $500) on credit to Anne Cianci.5 Sold $5,900 of merchandise (that had cost $3,200) to customers who used their Zisa cards.June 6 Sold $4,800 of merchandise (that had cost $2,800) to customers who used their Access cards.June 8 Sold $3,200 of merchandise (that had cost $1,900) to customers who used their Access cards.June 10 Submitted Access card receipts accumulated since June 6 to credit card company for payment.June 13 Wrote off the account of Nakia Well against the allowance for Doubtful Accounts. The $329 balance in Well's account stemmed from a credit sale in October oflast year.June 17 Received the amount due from Access.June 18 Received Cianci's check in full payment for the purchase of June 4. 0 Please Help with Journal Entries( The company uses the perpetual inventory system. Round amounts... (https://www.homeworklib.com/question_313498_please-help-with-journal-entriesthe-company-uses-the-perpetual-inventory-system-round-amounts)
2013-11-27 20:23:02 in business (https://www.homeworklib.com/topic/business-4178) accounting (https://www.homeworklib.com/topic/accounting) Atlas Co. allos select customers to make purchases on Credits. Its other customers can use either of two cards:Zisa or Access. Zisa deducts a 3% service charge frosales on its credit card and credits the bank account of Altas immediately when credit card receipts are deposits the Zisa credit cared receipts each business day.When customers use Access credit cards, Altas accumulates the receipts for several days before submitting them to Access for payment. Access deducts a 2% servicecharge and usually pays within one week of being billed. Atlas completes the following transactions in June. ( The term of all credit sales are 2/15, n/30, and allsales are recorded at the gross price.)June 4 Sold $750 of merchandise (that had cost $500) on credit to Anne Cianci.5 Sold $5,900 of merchandise (that had cost $3,200) to customers who used their Zisa cards.June 6 Sold $4,800 of merchandise (that had cost $2,800) to customers who used their Access cards.June 8 Sold $3,200 of merchandise (that had cost $1,900) to customers who used their Access cards.June 10 Submitted Access card receipts accumulated since June 6 to credit card company for payment.June 13 Wrote off the account of Nakia Well against the allowance for Doubtful Accounts. The $329 balance in Well's account stemmed from a credit sale in Octoberof last year.June 17 Received the amount due from Access.June 18 Received Cianci's check in full payment for the purchase of June 4. 0 Dont copié formé thé book oh ya dont copié formé thé book cause you Oiil inde up being triste soi remembré not toi copié frome thé book oh ya (https://www.homeworklib.com/question_242587_dont-copizs-formzs-thzs-book-oh-ya-dontcopizs-formzs-thzs-book-cause-you-oiil-inde-up-being-triste-soi-remembrzs-not-toi-copizsfrome-thzs-book-oh-ya)
2013-10-25 21:15:50 in french (https://www.homeworklib.com/topic/french) Dont copié formé thé book oh ya dont copié formé thé book cause you Oiil inde up being triste soi remembré not toi copié frome thé book oh ya!translation in english please! 0 Schumacher Company uses the perpetual inventory system, and it engaged in the following transactions during 2012: 1) Started the business by issuing common stock for $7,500 cash 2) Paid cash to purchase $5,000 of inventory 3) Sold inventory that cost $3, (https://www.homeworklib.com/question_3675_schumacher-company-uses-the-perpetualinventory-system-and-it-engaged-in-the-following-transactions-during-2012-1-started-thebusiness-by-issuing-common-stock-for-7500-cash-2-paid-cash-to-purchase-5000-of-inventory3-sold-inventory-that-cost-3)
2013-06-06 21:39:17 in accounting (https://www.homeworklib.com/topic/accounting) Schumacher Company uses the perpetual inventory system, and it engaged in the following transactions during 2012:1) Started the business by issuing common stock for $7,500 cash2) Paid cash to purchase $5,000 of inventory3) Sold inventory that cost $3,000 for $7,250 cash4) Incurred and paid operating expenses, $250 0 For Pose for Pics, prepare journal entries, T-accounts and a trial balance Pose for Pics Preparing journal entries and trial balances Exercise 2-4 Prepare general journal entries for the following transaction of a new business called Pose for Pics (https://www.homeworklib.com/question_293751_for-pose-for-pics-prepare-journal-entriestaccounts-and-a-trial-balance-pose-for-pics-preparing-journal-entries-and-trial-balancesexercise-24-prepare-general-journal-entries-for-the-following-transaction-of-a-new-businesscalled-pose-for-pics)
2013-11-18 15:22:05 in anonymous (https://www.homeworklib.com/topic/anonymous) For Pose for Pics, prepare journal entries, T-accounts and a trial balancePose for PicsPreparing journal entries and trial balancesExercise 2-4Prepare general journal entries for the following transaction of a new business called Pose for Pics. (please use Excel)Aug. 1 -Hashim Paris, the owner, invested $7500 cash and $32500 of photography equipment in the business.Aug. 1 -paid $3000 cash for an insurance policy covering the next 24 months.aug 5- purchased office supplies for $1400 cashaug 20received $2650 cash in photography fees earned.aug 31- paid $875 cash for August utilities.Use the information in Exercise 2-4 to prepare an August 31 trial balance for Pose-for-Pics. Open these T-accounts: Cash; Office Supplies; Prepaid Insurance; Photography Equipment; H. Paris, Capital; Photography Fees Earned; and Utilities Expense. Post the general journal entries to these T-accounts (which will serve as the ledger), and prepare a trial balance. 0 accounting/// which journal would be used if you returned merchandise that had been bought on account , sales journal, purchase journal, cash receipts journal, cash payments journal or general journal (https://www.homeworklib.com/question_462087_accountingwhich-journal-would-be-used-if-you-returned-merchandise-that-had-been-bought-on-accountsales-journal-purchase-journal-cash-receipts-journal-cash-payments-journal-or-generaljournal)
2014-02-06 09:49:09 in college (https://www.homeworklib.com/topic/college) accounting/// which journal would be used if you returned merchandise that had been bought on account , sales journal, purchase journal, cash receipts journal, cash payments journal or general journal. i thought it would be on a general journal
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Hutton Company uses a sales journal, a purchases journal, a cash receipts journal, a cash disbursementjournal, and a general journal (https://www.homeworklib.com/question_9_hutton-company-uses-a-sales-journal-apurchases-journal-a-cash-receipts-journal-a-cash-disbursementjournal-and-a-general-journal)
2013-06-06 06:39:39 in math 116 algebra please check (https://www.homeworklib.com/topic/math-116-algebra-please-check) business (https://www.homeworklib.com/topic/business-4178) accounting (https://www.homeworklib.com/topic/accounting) Hutton Company uses a sales journal, a purchases journal, a cash receipts journal, a cash disbursementjournal, and a general journal. The following transactions occur in the month of March:Mar. 2 Sold merchandise costing $300 to B. Fager for $450 cash, invoice no. 5703.5 Purchased $2,300 of merchandise on credit from Marsh Corp.7 Sold merchandise costing $800 to J. Dryer for $1,150, terms 210, n30, invoice no. 5704.8 Borrowed $8,000 cash by signing a note payable to the bank.12 Sold merchandise costing $200 to R. Land for $320, terms n30, invoice no. 5705.16 Received $1,127 cash from J. Dryer to pay for the purchase of March 7.19 Sold used store equipment for $900 cash to Malone, Inc.25 Sold merchandise costing $350 to T. Burton for $550, terms n30, invoice no. 5706.Prepare headings for a sales journal like the one in Exhibit 7.5. Journalize the March transactions thatshould be recorded in this sales journal. 0 Journal entries, perpetual inventory system? Please Help? (https://www.homeworklib.com/question_379764_journal-entries-perpetual-inventory-systemplease-help)
2013-12-29 18:05:31 in business (https://www.homeworklib.com/topic/business-4178) accounting (https://www.homeworklib.com/topic/accounting) Prepare journal entries for May, 2011 to record the following transactions for Alfa Co.. Assume a perpetual inventory system.Enter the transaction letter as the description. Also, the dates must be entered in the format dd/mmm (ie. 15/Jan).a.May 3: Alfa Co. purchased merchandise from Runners for $4,500 under credit terms of 2/10, n/30, FOB destination.b.May 3: Alfa Co. paid $100 for supplies purchased today.c.May 22: After negotiations with Runners concerning problems with the merchandise purchased on May 3, received a credit memorandum granting a price reduction of$2,200.d.May 23: Alfa Co. purchased merchandise on credit from Resource Product Co., terms 2/15, n/30, $5,300, FOB destination.e.May 25: After negotiations with Resource Product Co. concerning problems with the merchandise purchased on May 23, received a credit memorandum granting a pricereduction of $2,600.f.May 30: Paid Runners the balance due.g.May 31: Paid the amount due to Resource Product Co. for the May 23 purchase.Please use the '+' and '-' buttons to change the number of accounts (if necessary) for each journal entry 0 How do i prepare journal entries when they ask you to record perpetual system merchandising transactions of a company (https://www.homeworklib.com/question_108893_how-do-i-prepare-journal-entries-when-theyask-you-to-record-perpetual-system-merchandising-transactions-of-a-company)
2013-08-24 11:26:01 in college financial planning (https://www.homeworklib.com/topic/college-financial-planning) How do i prepare journal entries when they ask you to record perpetual system merchandising transactions of a company? Sunset Company uses the periodic inventory method and had the following inventory information available: Units Unit Cost 1/1 Beginning Inventory 200 $6.20 1/20 Purchase
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2014-02-21 08:11:59 in college accounting (https://www.homeworklib.com/topic/collegeaccounting) Sunset Company uses the periodic inventory method and had the following inventory information available: Units Unit Cost 1/1 Beginning Inventory 200 $6.20 1/20 Purchase 300 $6.507/25 Purchase 200 $6.8010/20 Purchase 300 $7.00 A physical count of inventory on December 31 revealed that there were 150 units on hand. Therefore, 850 units were sold.InstructionsAnswer the following independent questions and show computations supporting your answers.1. Assume that the company uses the FIFO method. Calculate 1) Costs of Goods Sold and 2) Value of Ending Inventory: 2. Assume that the company uses the average cost method. Calculate 1) Costs of Goods Sold and 2) Value of Ending Inventory: 3. Assume that the company uses the LIFO method. Calculate 1) Costs of Goods Sold and 2) Value of Ending Inventory: (SHOW ALL YOUR WORK)HELP PLEASSSEEE 0 inventory accounting - journal entries, periodic inventory system ? (https://www.homeworklib.com/question_307154_inventory-accounting-journal-entriesperiodic-inventory-system)
2013-11-24 21:40:34 in business (https://www.homeworklib.com/topic/business-4178) accounting (https://www.homeworklib.com/topic/accounting) Please solve this problem.
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At year-end the perpetual inventory records of Garbo Company showed merchandise inventory of... (https://www.homeworklib.com/question_423572_at-yearend-the-perpetualinventory-records-of-garbo-company-showed-merchandise-inventory-of)
2014-01-19 07:01:52 in business (https://www.homeworklib.com/topic/business-4178) accounting (https://www.homeworklib.com/topic/accounting)
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