Business, 07.08.2021 02:10 Jennifer312332

The following selected transactions were completed by Betz Company during July of the current year. Betz Company uses the net method under a perpetual inventory system. July1Purchased merchandise from Sabol Imports Co., $20,500, terms FOB destination, n/30.
3Purchased merchandise from Saxon Co., $12,000, terms FOB shipping point, 2/10, n/eom. Prepaid freight of $75 was added to the invoice.
5Purchased merchandise from Schnee Co., $8,000, terms FOB destination, 2/10, n/30.
6Issued debit memo to Schnee Co. for merchandise with an invoice amount of $1,500 returned from purchase on July 5.
13Paid Saxon Co. for invoice of July 3.
14Paid Schnee Co. for invoice of July 5, less debit memo of July 6.
19Purchased merchandise from Southmont Co., $18,900, terms FOB shipping point, n/eom.
19Paid freight of $140 on July 19 purchase from Southmont Co.
20Purchased merchandise from Stevens Co., $33,000, terms FOB destination, 1/10, n/30.
30Paid Stevens Co. for invoice of July 20.
31Paid Sabol Imports Co. for invoice of July 1.
31
Paid Southmont Co. for invoice of July 19.

Answers: 3

Show answers

Another question on Business

Business, 21.06.2019 19:20

You manage an equity fund with an expected risk premium of 10% and a standard deviation of 14%. the rate on treasury bills is 6%. your client chooses to invest $60,000 of her portfolio in your equity fund and $40,000 in a t-bill money market fund. what is the expected return and standard deviation of return on your client’s portfolio?

Answers: 1

Answer

Business, 22.06.2019 13:30

Presented below is information for annie company for the month of march 2018. cost of goods sold $245,000 rent expense $ 36,000 freight-out 7,000 sales discounts 8,000 insurance expense 5,000 sales returns and allowances 11,000 salaries and wages expense 63,000 sales revenue 410,000 instructions prepare the income statement.

Answers: 2

Answer

Business, 22.06.2019 18:00

On september 1, 2016, steve loaned brett $2,000 at 12% interest compounded annually. steve is not in the business of lending money. the note stated that principal and interest would be due on august 31, 2018. in 2018, steve received $2,508.80 ($2,000 principal and $508.80 interest). steve uses the cash method of accounting. what amount must steve include in income on his income tax return?

Answers: 1

Answer

Business, 22.06.2019 20:10

While cell phones with holographic keyboards are currently in the introduction stage of the industry life cycle, tablet computers are in the growth stage. in the context of this scenario, which of the following statements is true? a. the industry for cell phones with holographic keyboards will face greater competition than the tablet industry. b. while the industry for cell phones with holographic keyboards will focus more on product innovation, the tablet industry will focus more on process innovation. c. while the industry for cell phones with holographic keyboards can reap the benefits of economies of scale, the tablet industry will experience no such benefits. d. the industry for cell phones with holographic keyboards will face price competition, whereas, in the tablet industry, the mode of competition will be non-price.

Answers: 2

Answer

You know the right answer?

The following selected transactions were completed by Betz Company during July of the current year....

Questions