How would brought 125 inner tubes for $1225, paying down $500 with remaining due in 20 days be written in general ledger how?
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How would brought 125 inner tubes for $1225, paying down $500 with remaining due in 20 days be written in general ledger how?
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- The Accounts Recelvable account has a beglnning balance of $24.000 and the company des e $60,000 on account during the month. The ending balance was $18.000 How much did the company receive from customers during the montht O $6,000. O $66,000. O $102,000. O $54,000.12. Gingerbread Corp received an advance cash payment from a customer for 40 gingerbread kits at $10 per kit. Gingerbread Corp is scheduled to deliver the kits in 30 days. What is the correct journal entry to record the sale? a.DR Accounts receivable 400 CR Sales revenue 400 b.DR Cash 400 CR Sales revenue 400 c.DR Cash 400 CR Unearned revenue 400 d.DR Accounts receivable 400 CR Unearned revenue 400A machine shop has a credit card that offers rebates on purchases. At the end of May, the company had a credit card bil of $18,471.32. If the company must make a minmum payment that is the greater of $500 or 4.5% of the credit card bill, what is the minimum monthly payment for May? (Round your answer to the nearest cent.) Submt Answer View Previous Question Question 3 of 9 View Next Question
- What account would 15,000 subscriptions at $15 each go? And if half was collected in cash and the other sold on accountShould an organization take a discount of 1.5/10 N/30 on a $9,000 invoice or simply pay the bill when due?Belts are shipped to the buyer on June 4 at a cost of $5500.00. The terms on invoice are 3/10, n/60. When is the last day the buyer can get the cash discount? If the buyer decides to pay for the shipment on June 30. What is the net amount to be paid?
- PLEASE SHOW ALL WORK 6. You receive an invoice for $18,300 with terms of 5/15, n/60. If the supplier has a policy of allowing a cash discount for partial payments and you pay $11,500 within the discount period, calculate the amount of credit you will receive for this payment.Amount credited = Amount paidComplement of cash discount rate = $11,500 7. For terms of 8/10, n/60 determine the annual rate you, in effect, pay the supplier if you fail to pay the invoice at the end of the discount period. Express the rate with 2 decimal places. 8. An invoice for $75.20 has terms of 3/10, 1/30, n/60. If you make payment 25 days after the invoice date, what amount should you pay? 9. You purchase goods on an invoice dated July 5 with terms of 4/15, n/45 ROG. If you receive the goods on July 23, calculate(a) the last day of the discount period, and (b) the last day of the credit period.b. Last day of credit period:Karen and Wayne need to buy a refrigerator because theirs just broke. Unfortunately, their savings account is depleted, and they will need to borrow money in order to buy a new one. Sears offers them an installment loan at 15% ( add-on- rate). If the refrigerator at Sears costs $1.500 plus 5% sales tax, and Karen and Wayne plan to pay for the refrigerator for 2 years, what is the monthly payment? $72.34 $76.78 $85.31 $93.84 $81.251.) You have a credit card with an APR of 24%. You begin with a balance of $620. In the first month you make a payment of $450 and make new charges of $220. In the second month you make a paymen of $320 and make new charges of $90. Complete the following table. (Round VOur anSwers to tho nonrogt