subject
Business, 29.07.2019 18:10 eayoungin

Powell warehouse distributes hardback books to retail stores and extends credit terms of 2/10, n/30 to all of its customers. during the month of june, the following merchandising transactions occurred. june 1 purchased books on account for $1,165 (including freight) from catlin publishers, terms 2/10, n/30. 3 sold books on account to garfunkel bookstore for $2,000. the cost of the merchandise sold was $750. 6 received $65 credit for books returned to catlin publishers. 9 paid catlin publishers in full. 15 received payment in full from garfunkel bookstore. 17 sold books on account to bell tower for $2,000. the cost of the merchandise sold was $900. 20 purchased books on account for $750 from priceless book publishers, terms 2/15, n/30. 24 received payment in full from bell tower. 26 paid priceless book publishers in full. 28 sold books on account to general bookstore for $1,300. the cost of the merchandise sold was $910. 30 granted general bookstore $270 credit for books returned costing $85. journalize the transactions for the month of june for powell warehouse, using a perpetual inventory system.

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 20:50
Which of the following statements is not correct? 1) trade allows for specialization. 2) trade has the potential to benefit all nations. 3) trade allows nations to consume outside of their production possibilities curves. 4) absolute advantage is the driving force of specialization.
Answers: 3
question
Business, 21.06.2019 22:50
Assume that the governance committee states that all projects costing more than $70,000 must be reviewed and approved by the chief information officer and the it senior leadership team (slt). at this point, the cio has the responsibility to ensure that management processes observe the governance rules. for example, the project team might present the proposed project in an slt meeting for a vote of approval. what does this scenario illustrate about organizational structure?
Answers: 2
question
Business, 22.06.2019 03:30
Nellie lumpkin, who suffered from dementia, was admitted to the picayune convalescent center, a nursing home. because of her mental condition, her daughter, beverly mcdaniel, signed the admissions agreement. it included a clause requiring the par- ties to submit any dispute to arbitration. after lumpkin left the center two years later, she filed a suit against picayune to recover damages for mistreatment and malpractice. [covenant health & rehabilitation of picayune, lp v. lumpkin, 23 so.2d 1092 (miss. app. 2009)] (see page 91.) 1. is it ethical for this dispute—involving negligent medical care, not a breach of a commercial contract—to be forced into arbitration? why or why not? discuss whether medical facilities should be able to impose arbitration when there is generally no bargaining over such terms.
Answers: 3
question
Business, 22.06.2019 07:10
Walsh company manufactures and sells one product. the following information pertains to each of the company’s first two years of operations: variable costs per unit: manufacturing: direct materials $ 25 direct labor $ 12 variable manufacturing overhead $ 5 variable selling and administrative $ 4 fixed costs per year: fixed manufacturing overhead $ 400,000 fixed selling and administrative expenses $ 60,000 during its first year of operations, walsh produced 50,000 units and sold 40,000 units. during its second year of operations, it produced 40,000 units and sold 50,000 units. the selling price of the company’s product is $83 per unit. required: 1. assume the company uses variable costing: a. compute the unit product cost for year 1 and year 2. b. prepare an income statement for year 1 and year 2. 2. assume the company uses absorption costing: a. compute the unit product cost for year 1 and year 2. b. prepare an income statement for year 1 and year 2. 3. reconcile the difference between variable costing and absorption costing net operating income in year 1.
Answers: 3
You know the right answer?
Powell warehouse distributes hardback books to retail stores and extends credit terms of 2/10, n/30...
Questions
question
Mathematics, 10.09.2021 02:20
question
Mathematics, 10.09.2021 02:20
question
Mathematics, 10.09.2021 02:20
question
Biology, 10.09.2021 02:20
question
Biology, 10.09.2021 02:20
question
Computers and Technology, 10.09.2021 02:20
Questions on the website: 13722361