subject
Business, 07.05.2021 22:20 maylinox4330

Required: Record the transactions in a general journal.
Assume 360 days in a year. J. K. Pratt Co. had the following transactions:
July 20 Received a $730, 30-day, 4% note from J. Akita in payment for sale of merchandise.
Aug. 19 J. Akita paid note issued July 20 plus interest. 25 Sold merchandise on account to L. Beene, $1,030.
Sept. 5 L. Beene paid $190 and gave a $840, 30-day, 4% note to extend time for payment.
Oct. 5 L. Beene paid note issued September 5, plus interest. 10 Sold merchandise to R. Harris for $810: $70 plus a $740, 30-day, 4% note.
Nov. 9 R. Harris paid $150 plus interest on note issued October 10 and extended the note ($590) for 30 days.
Dec. 9 R. Harris paid note extended on November 9, plus interest.
10 Sold merchandise on account to B. Kraus, $1,500.
15 B. Kraus paid $140 on merchandise purchased on account, and gave a $1,360, 30-day, 4% note to extend time for payment. 20-2
Jan. 14 B. Kraus's note of December 15 is dishonored.
Feb. 13 Collected B. Kraus's dishonored note, plus interest at 4% on the maturity value.

ansver
Answers: 3

Another question on Business

question
Business, 21.06.2019 21:00
Roi analysis using dupont model. charlie? s furniture store has been in business for several years. the firm? s owners have described the store as a ? high-price, highservice? operation that provides lots of assistance to its customers. margin has averaged a relatively high 32% per year for several years, but turnover has been a relatively low 0.4 based on average total assets of $800,000. a discount furniture store is about to open in the area served by charlie? s, and management is considering lowering prices in order to compete effectively. required: a. calculate current sales and roi for charlie? s furniture store. b. assuming that the new strategy would reduce margin to 20%, and assuming that average total assets would stay the same, calculate the sales that would be required to have the same roi as they currently earned. c. suppose that you presented the results of your analysis in parts a and b of this problem to charlie, and he replied, ? what
Answers: 1
question
Business, 22.06.2019 00:30
Salty sensations snacks company manufactures three types of snack foods: tortilla chips, potato chips, and pretzels. the company has budgeted the following costs for the upcoming period: 1 factory depreciation $33,782.00 2 indirect labor 84,456.00 3 factory electricity 8,446.00 4 indirect materials 40,356.00 5 selling expenses 26,900.00 6 administrative expenses 17,200.00 7 total costs $211,140.00 factory overhead is allocated to the three products on the basis of processing hours. the products had the following production budget and processing hours per case: budgeted volume (cases) processing hours per case tortilla chips 3,600 0.25 potato chips 5,300 0.11 pretzels 2,300 0.49 total 11,200 required: a. determine the single plantwide factory overhead rate.* b. use the factory overhead rate in (a) to determine the amount of total and per-case factory overhead allocated to each of the three products under generally accepted accounting principles. refer to the amount descriptions list provided for the exact wording of the answer choices for text entries.* * if required, round your answers to the nearest cen
Answers: 1
question
Business, 22.06.2019 02:30
Acompany using the perpetual inventory system purchased inventory worth $540,000 on account with credit terms of 2/15, n/45. defective inventory of $40,000 was returned 2 days later, and the accounts were appropriately adjusted. if the company paid the invoice 20 days later, the journal entry to record the payment would be
Answers: 1
question
Business, 22.06.2019 16:10
Answer the following questions using the banker’s algorithm: a. illustrate that the system is in a safe state by demonstrating an order in which the processes may complete. b. if a request from process p1 arrives for (1, 1, 0, 0), can the request be granted immediately? c. if a request from process p
Answers: 1
You know the right answer?
Required: Record the transactions in a general journal.
Assume 360 days in a year. J. K. Pr...
Questions
question
Mathematics, 13.11.2020 22:30
question
History, 13.11.2020 22:30
Questions on the website: 13722363