Prepare journal entries to record each of the following purchases transactions of a merchandising company. Assume a perpetual inventory system.

Nov. 5
Purchased 600 units of product at a cost of $10 per unit. Terms of the sale are 2/10, n/60; the invoice is dated November 5.
Nov. 7 Returned 25 defective units from the November 5 purchase and received full credit.
Nov. 15 Paid the amount due from the November 5 purchase, less the return on November 7.

Inventory  6000 debit

Accounts Payable  6000 credit

--to record purchase--  

Accounts Payable  250 debit

Inventory         250 credit

--to record returned goods--  

Accounts Payable  5750 debit

Inventory            115 credit

Cash                5635 credit

--to record payment within discount--  

Explanation:

We debit the inventory purchases and credit the debt we take

we purchase 600 at $10  each thus, 600 x 10 = $6,000 total purchased

Then, we return 25 untis Hence 25 x $10 = $250 credit received

Last, we detemrinate the net amount due considering we pay within discount date:

6000 - 250 = 5750 account payable balance

5750 x 2% = 115 discount received

5750 - 115 = 5635 cash outlay

explanation:

a gas is not used in hydraulic machines as the fluid because gas is easily compressible and so if a gas is used, the energy would mostly go into compressing a gas. therefore a liquid is used in hydraulic machines as the fluid.

answer: a. the kind of population living in your neighbourhood.

the census explorer data tool by the us census bureau allows the user to zoom in on any neighbourhood within the united states and find the kind of people residing in that by race and age.  

the tool needs to needs to be used twice – once in order to find what type of people reside in a neighbourhood, and then to see the age groups of the people in the same neighbourhood.