1) Sep1 Business sold $2400 inventory to ACE Inc., the cost is $600, Terms 2/5, n/15 FOB 2) Sep1 Business purchased $3600 of inventory from Westelm, Terms 1/10, n/20 FOB B) Sep3 Business purchased $3000 of inventory from Citylight Inc. paid in cash 4) Sep6 Business Received ACE Inc's money. 5) Sep9 business purchased inventory $2700 from SilentSolar Ltd, Terms: 1/5, n/10, FOB
1) Sep1 Business sold $2400 inventory to ACE Inc., the cost is $600, Terms 2/5, n/15 FOB 2) Sep1 Business purchased $3600 of inventory from Westelm, Terms 1/10, n/20 FOB B) Sep3 Business purchased $3000 of inventory from Citylight Inc. paid in cash 4) Sep6 Business Received ACE Inc's money. 5) Sep9 business purchased inventory $2700 from SilentSolar Ltd, Terms: 1/5, n/10, FOB
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![Course: 11D ACCT 1
Introduct X
A Not secure | alphacollege.ddns.net:5056/moodle/course/view.php?id%328
Apps M Gmail
O YouTube
Мaps
E-Alpha
* My Coulehat are the
merchandise inventory
Access Pascodeentries of the following
statements?
Assignment#5
1) Sep1 Business sold $2400 inventory to ACE Inc., the cost is $600, Terms 2/5, n/15 FOB
2)
Sep1 Business purchased $3600 of inventory from Westelm, Terms 1/10, n/20 FOB
3)
Sep3 Business purchased $3000 of inventory from Citylight Inc. paid in cash
4)
Sep6 Business Received ACE Inc's money.
5) Sep9 business purchased inventory $2700 from SilentSolar Ltd, Terms: 1/5, n/10, FOB
6)
Sep11 Business paid Westelm in full
7)
Sep30 paid SilentSolar Ltd for the Sep9 purchase
Alpha College of Business and Technology
Alpha E-Learning 2020
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P Type here to search
ASUS
立](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F947a7997-e1e1-4249-9c8e-b936cd09b81d%2Fbb872843-e9d2-4b17-9841-5886f9960af2%2F4xhxy4r_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Course: 11D ACCT 1
Introduct X
A Not secure | alphacollege.ddns.net:5056/moodle/course/view.php?id%328
Apps M Gmail
O YouTube
Мaps
E-Alpha
* My Coulehat are the
merchandise inventory
Access Pascodeentries of the following
statements?
Assignment#5
1) Sep1 Business sold $2400 inventory to ACE Inc., the cost is $600, Terms 2/5, n/15 FOB
2)
Sep1 Business purchased $3600 of inventory from Westelm, Terms 1/10, n/20 FOB
3)
Sep3 Business purchased $3000 of inventory from Citylight Inc. paid in cash
4)
Sep6 Business Received ACE Inc's money.
5) Sep9 business purchased inventory $2700 from SilentSolar Ltd, Terms: 1/5, n/10, FOB
6)
Sep11 Business paid Westelm in full
7)
Sep30 paid SilentSolar Ltd for the Sep9 purchase
Alpha College of Business and Technology
Alpha E-Learning 2020
You are logged in as Harmanpreet Kaur. 4303546 (Log out)
Home
P Type here to search
ASUS
立
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