Business, 01.03.2021 21:30 jonathankingsberry52
On June 10, Kingbird Company purchased $8,200 of merchandise from Blossom Company, on account, terms 4/10, n/30. Kingbird pays the freight costs of $410 on June 11. Goods totaling $400 are returned to Blossom for credit on June 12. On June 19, Kingbird Company pays Blossom Company in full, less the purchase discount. Both companies use a perpetual inventory system.
Required:
a. Prepare separate entries for each transaction on the books of Kingbird Company.
b. Prepare separate entries for each transaction for Blossom Company The merchandise purchased by Kinghbird on June 10 cost Blossom $3,300, and the goods returned cost Blossom $210.
Answers: 2
Another question on Business
Business, 21.06.2019 13:40
Jung hwa was recently married on july 1, 2018. she had worked for the organization for the past eight years and has been covered under its group healthcare insurance policy during the entire period. when can jung hwa add her new spouse to her insurance plan?
Answers: 1
Business, 22.06.2019 04:30
Peyton taylor drew a map with scale 1 cm to 10 miles. on his map, the distance between silver city and golden canyon is 3.75 cm. what is the actual distance between silver city and golden canyon?
Answers: 3
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 11:50
True or flase? a. new technological developments can us adapt to depleting sources of natural resources. b. research and development funds from the government to private industry never pay off for the country as a whole; they only increase the profits of rich corporations. c. in order for fledgling industries in poor nations to thrive, they must receive protection from foreign trade. d. countries with few natural resources will always be poor. e. as long as real gdp (gross domestic product) grows at a slower rate than the population, per capita real gdp increases.
Answers: 2
You know the right answer?
On June 10, Kingbird Company purchased $8,200 of merchandise from Blossom Company, on account, terms...
Questions
Mathematics, 01.01.2021 01:00
Mathematics, 01.01.2021 01:00
Mathematics, 01.01.2021 01:00
Mathematics, 01.01.2021 01:00
English, 01.01.2021 01:00
Health, 01.01.2021 01:00
Mathematics, 01.01.2021 01:00
