Business, 26.03.2021 05:50 ksalinas7404

Record the following transactions on the books of Sheridan Co. (Omit cost of goods sold entries.) (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) (a) On July 1, Sheridan Co. sold merchandise on account to Stacey Inc. for $21,540, terms 4/10, n/30. (b) On July 8, Stacey Inc. returned merchandise worth $2,540 to Sheridan Co. (c) On July 11, Stacey Inc. paid for the merchandise.

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Answer from: kyla322

A. Jul-01

Dr Stacey Inc. 21540

Cr Sales 2154

B. Jul-08

Dr Sales Returns 2540

Cr Stacey Inc A/c 2540

C. Jul-11

Dr Cash 18240

Dr Discount 760

Cr Stacey Inc 19000

Explanation:

Preparation of the journal entries to Record the transactions on the books of Sheridan Co

A. Jul-01

Dr Stacey Inc. 21540

Cr Sales 21540

(Being Goods sold to stacey inc)

B. Jul-08

Dr Sales Returns 2540

Cr Stacey Inc A/c 2540

(Being returned the merchandise)

C. Jul-11

Dr Cash 18240

Dr Discount 760

(4%*19,000)

Cr Stacey Inc 19000

($21,540-2540)

(Being amount settled with in 10 days and discount given 4%)

Answer from: Quest

Via: "if you are found to be supplying or dealing drugs, the punishment is likely to be tough. supplying drugs doesn’t just apply to dealers. if police suspect that you intend to share drugs with your friends, this is still considered to be supplying.

being suspected of supplying drugs means you are much more likely to be charged. the amount of drugs found on you, and whether you have a criminal record, will be taken into account when a punishment is being decided.

decisions to prosecute are taken by the public prosecution service. the maximum sentences for intent to supply drugs are:

- up to life in prison or an unlimited fine (or both) for a class a drug- up to 14 years in prison or an unlimited fine (or both) for a class b or class c drug."sorry if this was a school question, you didnt supply options so i assumed it was a personal question, which if it is, reconsider selling or having possesion of any drugs at all. i wish you the best!

Answer from: Quest

credit history is used by lenders to determine whether you are a 'risky' person to give their money to.

having a short history provide very little data for the lenders. they wouldn't be able to determine your credit behavior from such a small samples. even if they are perfect.

having long credit history with few blemishes provide larger and more accurate data for the lenders to predict your credit behavior.

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Record the following transactions on the books of Sheridan Co. (Omit cost of goods sold entries.) (C...

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