On september 12, vander company sold merchandise in the amount of $5,800 to jepson company, with credit terms of 2/10, n/30. the cost of the items sold is $4,000. jepson uses the periodic inventory system and the gross method of accounting for purchases. jepson pays the invoice on september 18, and takes the appropriate discount. the journal entry that jepson makes on september 18 is:

As of September 18th, the postings will be:

Debit Cash - 5,684

Debit Sales Discount - 116

Credit Account Receivable - 5,800

Being cash payment on sold merchandise.

Explanation:

The sales amount of the merchandise is $5,800 with a discount of 2% if payment is made by Jepson within 30 days.

Therefore the Journal entry is to recognise the total amount $5800 as a credit sale and debit Accounts Receivable.

Jepson finally made the payment on September 18th which is within the Discount period. The discount which is calculated as = 116 is recognised and deducted from the amount payable.

Please see the attached for expatiated postings.

Prohibition outlawed production and sale of alcohol. (by the way al capone rised during these times)

$527.7.if the following was the question  $527.7 is the answer.students who are trying to raise funds have an agreement with a local pizza chain. the chain has agreed to sell them pizzas at a discount, which the students can then resell to families in the local community for a profit. it is expected that of the 500 families in the community, at most 70% will buy pizza. based on a survey of their personal preferences, the students believe that they should order no more than 120 cheese pizzas, no more than 150 pepperoni pizzas, and no more than 100 vegetarian pizzas. they also want to make sure that at least 20% of the total pizzas are cheese and at least 50% of the pizzas are pepperoni. they make a profit of $1.45, $1.75, and $1.98, respectively, for each cheese, pepperoni, and vegetarian pizza they resell. how many pizzas of each type should they buy?