Business, 06.11.2019 01:31 Packergood
This information relates to larkspur co. 1. on april 5, purchased merchandise from crane company for $27,300, on account, terms 2/10, n/30. 2. on april 6, paid freight costs of $3,300 on merchandise purchased from crane company. 3. on april 7, purchased equipment on account for $38,300. 4. on april 8, returned $3,700 of the april 5 merchandise to crane company. 5. on april 15, paid the amount due to crane company in full. prepare the journal entries to record these transactions on the books of larkspur using a periodic inventory system
Answers: 2
Business, 22.06.2019 07:30
Which of the following is an example of an unsought good? a. cameron purchases a new bike. b. jordan buys paper towels. c. taylor buys cupcakes from her favorite bakery. d. riley buys new windshield wipers for her car.
Answers: 3
Business, 22.06.2019 10:00
University car wash built a deluxe car wash across the street from campus. the new machines cost $219,000 including installation. the company estimates that the equipment will have a residual value of $19,500. university car wash also estimates it will use the machine for six years or about 12,500 total hours. actual use per year was as follows: year hours used 1 3,100 2 1,100 3 1,200 4 2,800 5 2,600 6 1,200 prepare a depreciation schedule for six years using the following methods: 1. straight-line. 2. double-declining-balance. 3. activity-based.
Answers: 1
Business, 22.06.2019 20:20
Which of the following entries would be made to record the requisition of $12,000 of direct materials and $6,900 of indirect materials? (assume that indirect materials are included in raw materials inventory.) a. manufacturing overhead 18,900 raw materials inventory 18,900 b. wip inventory 12,000 manufacturing overhead 6,900 raw materials inventory 18,900 c. raw materials inventory 18,900 wip inventory 18,900 d. wip inventory 18,900 raw materials inventory 18,900
Answers: 1
This information relates to larkspur co. 1. on april 5, purchased merchandise from crane company for...
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