Next Question24/10Find the amount of the credit given to the business, based on the Sales/Refundsrecord for 09/24/10, after the 2.25% fee is subtracted.SalesRefunds$82.84$32.06$69.45.....$434.45$69.19$235.87The total amount of credit will be $$108.53$123.32(Round to the nearest cent as needed.)$60.85$86.23$139.47$288.49$150.28

Answered: Next Question 24/10 Find the amount of…

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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Suppose that your credit card activity for December looked like this: Date Activity December 5 $323 purchase December 10 $430 purchase December 15 $217 purchase December 20 $344 purchase December 25 $171 purchase What was your average daily balance for December? Round your answer to the nearest dollar.
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Please do not use ai
Subject - account Please help me. Thankyou.
Journalizing credit card sales Marathon Running Shoes reports the following: Journalize all entries required for Marathon Running Shoes.
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JoJo's recorded credit sales of $10,000 on the gross method. Terms are 2/20, n/30. Select the correct statement about the entry to record this sale. Question 3 options: Accounts receivable increases $10,000. Sales increase $9,800 Sales discounts increase $200 All of the above are correct
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uppose you have a revolving credit account at an annual percentage rate of 12%, and your previous monthly balance is $389.79. Find your new balance (in $) if your account showed the following activity. Use the unpaid balance method. (Round your answer to the nearest cent.) Statement of Account Billing cycle: July 1–31 DATE DESCRIPTION OF TRANSACTIONS CHARGES July 04 Kit and Capoodle Pets $109.08 July 08 Payment 61.00 July 16 Cash advance 98.82 July 22 Mountain Vineyards 31.37 July 29 Vu Video (credit) 95.97 $
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Use the following sales journal to record the transactions. All credit sales are terms of n/30. (If a box is not used in the journal leave the box empty; do not select information or enter a zero.) i (Click the icon to view the transactions.) Jun Date 2024 Invoice No. Account Debited More info Jun. 1 Jun. 8 Customer Jun. 13 Jun. 28 Sales Journal Post. Ref. Accounts Receivable DR Sales Revenue CR Sold merchandise inventory on account to Ford Junk, $1,250. Cost of goods, $960. Invoice no. 101. Page Cost of Goods Sold DR Merchandise Inventory CR Sold merchandise inventory on account to Iris Fray, $2,250. Cost of goods, $1,650. Invoice no. 102. Sold merchandise inventory on account to Jack Tremane, $400. Cost of goods, $240. Invoice no. 103. Sold merchandise inventory on account to Gail White, $810. Cost of goods, $650. Invoice no. 104. Print Done X

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