Business, 18.06.2020 23:57 ghostlyfrost67p8u0ey

The Wilson Company purchased $35,000 of merchandise from the Poole Wholesale Company. Wilson also paid $2,800 for freight costs to have the goods shipped to its location. Which of the following statements regarding the necessary entries for the transactions is true? Wilson uses a perpetual inventory system. A. Total debits to the inventory account would be $37,800.
B. Total debits to the inventory account would be $35,000.
C. Transportation-in would be debited for $2,800.
D. Total debits to the inventory account would be $2,800

Answers: 1

Show answers

Another question on Business

Business, 21.06.2019 16:40

Elephant, inc.'s cost of goods sold for the year is $2,000,000, and the average merchandise inventory for the year is $129,000. calculate the inventory turnover ratio of the company. (round your answer to two decimal places.)

Answers: 1

Answer

Business, 22.06.2019 10:00

The solution set for -18 < 5x-3 iso-3х3< xо-3хo3 > x

Answers: 3

Answer

Business, 22.06.2019 14:20

Your uncle borrows $53,000 from the bank at 11 percent interest over the nine-year life of the loan. use appendix d for an approximate answer but calculate your final answer using the formula and financial calculator methods. what equal annual payments must be made to discharge the loan, plus pay the bank its required rate of interest

Answers: 1

Answer

Business, 22.06.2019 19:40

Lauer corporation uses the periodic inventory system and has provided the following information about one of its laptop computers: date transaction number of units cost per unit 1/1 beginning inventory 210 $ 910 5/5 purchase 310 $ 1,010 8/10 purchase 410 $ 1,110 10/15 purchase 255 $ 1,160 during the year, lauer sold 1,025 laptop computers. what was cost of goods sold using the lifo cost flow assumption?

Answers: 1

Answer

You know the right answer?

The Wilson Company purchased $35,000 of merchandise from the Poole Wholesale Company. Wilson also pa...

Questions