Discuss whether Shelby Davey behaved in a professional manner by subtracting the discount even though the discount period had expired.

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A: The journal entries and the conceptual is given as,

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A: 1. True.Since Sally Lawn Services uses the cash basis of accounting, they should record revenue when…

Q: Window World extended credit to customer Nile Jenkins in the amount of $131,900 for his purchase of…

A: Journal Entry: Journal entry is the act of keeping records of transactions in an accounting journal.…

Q: Today is December 30, 2019.  In order to capture the attention of online shoppers, Cyber Retail…

A: Usually, Retail stores come up with schemes to increase its sales or clear its obsolete stock. In…

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Q: On November 5,2019, ABC Corporation’s truck was in an accident with an auto driven by Mikey. ABC…

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Q: on december 1, 2019, pinewood company sold machinery to a customer for $2000. pinewood regularly…

A: Note Receivable: A written promise from a client or customer to pay a definite amount of money on a…

Q: In Lizzie Shoes’ experience, gift cards that have not been redeemed within 12 months are not likely…

A:

Q: On November 1, 2019, Gerakos Corporation sold software and a six-month technical support contract to…

A: Calculate the sales price of software:

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Q: At the end of 2021, Kingbird Co. has accounts receivable of $691,500 and an allowance for doubtful…

A: (a)Entry to record the write off.

Q: Window World extended credit to customer Nile Jenkins in the amount of $133,900 for his purchase of…

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Q: amount of provision should Damn accrue

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Q: recognize revenue

A: Revenue Recognition :- revenue is considered to have been realised when a transaction has been…

Q: On March 31, 2018, Dučóté Bödy Shop was införmed that a 1,000 hote that he was noloaing will be The…

A: Note receivable in general is a promise which is to be in written to receive cash of specific amount…

Q: Window World extended credit to customer Nile Jenkins in the amount of $130,900 for his purchase of…

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Q: Escargot Inc. is a 5-star restaurant in Cincinnati. The restaurant sells 500 gift cards during…

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Q: Melton Makushu Melton Makushu was sued by his creditor for R6 000 being the value of goods purchased…

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Q: Sally Lawn Services has a formal agreement with Mr. Bizza to treat his lawn on October 31 and…

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Q: On December 31, 2019, Don accepted a note receivable from Mike’s Builders for $1,000 as a good faith…

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Q: Sally Lawn Services has a formal agreement with Mr. Bizza to treat his lawn on October 31 and…

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Q: Window World extended credit to customer Nile Jenkins in the amount of $139,900 for his purchase of…

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Q: Window World extended credit to customer Nile Jenkins in the amount of $134,900 for his purchase of…

A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in…

Q: Window World extended credit to customer Nile Jenkins in the amount of $135,900 for his purchase of…

A: Journal entry is the procedure for initially documenting commercial transactions in the books of…

Q: Today is December 30, 2019.  In order to capture the attention of online shoppers, Cyber Retail…

A: Based on the above information, Cyber Retail made a sale of total $ 5,000,000 of merchandise during…