Angel Ake10122122Intro AccLos angeles trade tech. acct1 exam 3 fall 2022BERISProblems21.Sully sold merchandise to buck pon account 58900 terms 2/15 n/430 .the codt of themerchsndidse sold is435200. journALIZE THE ENTRIES FOR SULLY and aBUCK FOR THE SALE,PURCHAASE AND PAYMENT FOR THE AMOUNT DUE. ASSUME THAT ALL DISCOUNTS ARE TAKEN2.FOR THECURRENT YEAR MERCHANDISE IS SOLD FOR 21100 IN CASH AND 341700 ONACCOUNT. THE COST OF MERCHANDISE SOLD IS4217200. WHAT IS THE AMOUNT OF GROSSPROFIT.12ptsLais Martinez

Journal entries refer to the concept of noting all the daily transactions of a company in its books…

Answered: 1.Sully sold merchal merchandidse sold…

1.Sully sold merchal merchandidse sold is435200. journALIZE THE ENTRIES FOR SULLY and aBUCK FOR THE SALE, LOT ALL DISCOUNTS ARE TAKEN

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Angel Ake
10122122
Intro Acc
Los angeles trade tech. acct1 exam 3 fall 2022
BERIS
Problems
2
1.Sully sold merchandise to buck pon account 58900 terms 2/15 n/430 .the codt of the
merchsndidse sold is435200. journALIZE THE ENTRIES FOR SULLY and aBUCK FOR THE SALE,
PURCHAASE AND PAYMENT FOR THE AMOUNT DUE. ASSUME THAT ALL DISCOUNTS ARE TAKEN
2.FOR THECURRENT YEAR MERCHANDISE IS SOLD FOR 21100 IN CASH AND 341700 ON
ACCOUNT. THE COST OF MERCHANDISE SOLD IS4217200. WHAT IS THE AMOUNT OF GROSS
PROFIT.
12pts
Lais Martinez

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