subject
Business, 12.11.2019 01:31 zawnghkawng64361

During 2018, its first year of operations, hollis industries recorded sales of $11,300,000 and experienced returns of $790,000. cost of goods sold totaled $7,910,000 (70% of sales). the company estimates that 8% of all sales will be returned prepare the year-end adjusting journal entries to account for anticipated sales returns under the assumption that all sales are made for cash (no accounts receivable are outstanding). (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.) view transaction list journal entry worksheet 2 record the anticipated sales returns. note: enter debits before credits. event general journal debit credit sales returns nventory cost of goods sold record entry clear entry view general journal

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 21:30
The following cost data pertain to the operations of montgomery department stores, inc., for the month of july. corporate legal office salaries $ 75,300apparel department cost of sales"evendale store $ 97,200corporate headquarters building lease $ 50,300store manager's salary"evendale store $ 12,900apparel department sales commission"evendale store $ 11,550store utilities"evendale store $ 12,800apparel department manager's salary"evendale store $ 10,450central warehouse lease cost $ 18,600janitorial costs"evendale store $ 11,800 the evendale store is just one of many stores owned and operated by the company. the apparel department is one of many departments at the evendale store. the central warehouse serves all of the company's stores. required: 1. what is the total amount of the costs listed above that are direct costs of the apparel department? 2. what is the total amount of the costs listed above that are direct costs of the evendale store? 3. what is the total amount of the apparel department's direct costs that are also variable costs with respect to total departmental sales?
Answers: 1
question
Business, 21.06.2019 22:50
Synovec co. is growing quickly. dividends are expected to grow at a rate of 24 percent for the next three years, with the growth rate falling off to a constant 7 percent thereafter. if the required return is 11 percent, and the company just paid a dividend of $2.05, what is the current share price? (do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Answers: 2
question
Business, 22.06.2019 05:20
Carmen co. can further process product j to produce product d. product j is currently selling for $20 per pound and costs $15.75 per pound to produce. product d would sell for $38 per pound and would require an additional cost of $8.55 per pound to produce. what is the differential revenue of producing product d?
Answers: 2
question
Business, 22.06.2019 21:50
By which distribution system is more than 90 percent of u.s. coal shipped? a. pipelinesb. trucksc. waterwaysd. railroadse. none of the above
Answers: 1
You know the right answer?
During 2018, its first year of operations, hollis industries recorded sales of $11,300,000 and exper...
Questions
question
Mathematics, 22.10.2020 14:01
question
History, 22.10.2020 14:01
question
Mathematics, 22.10.2020 14:01
question
Mathematics, 22.10.2020 14:01
Questions on the website: 13722359