STARLIGHT CINEMA RECORDS WEEKLY CONCESSION SALES. WEEK 1 SHOWS: POPCORN $2,840, BEVERAGES $1,965, CANDY $1,195. PRESENT THE TOTAL REVENUE. CONCESSION ACCOUNTING - 6 POINTS] [GENERAL a) $6,000 b) $5,900 c) $6,100 d) $5,800
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4 POINTS
![STARLIGHT CINEMA RECORDS WEEKLY
CONCESSION SALES. WEEK 1 SHOWS:
POPCORN $2,840, BEVERAGES $1,965,
CANDY $1,195. PRESENT THE TOTAL
REVENUE.
CONCESSION
ACCOUNTING - 6 POINTS]
[GENERAL
a) $6,000
b) $5,900
c) $6,100
d) $5,800](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fdf65e840-60eb-4bcf-95e2-1a2bcbdbe206%2Ffb98e87a-a088-414b-b2de-e7552f93ba82%2Fc9szm2z_processed.jpeg&w=3840&q=75)
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- a. Record Navis, Incorporated's sales for a month at $75,000. The items sold cost $62,500. Navis records sales at the total invoice amount. b. Record the return of $7,500 of the above sales within the 30-day return period. c. Record the receipt of payment on the remainder of the month's sales, assuming that customers purchasing $50,000 took advantage of a 2 percent cash discount for early payment. None of the customers taking advantage of the cash discount were among those that returned their purchases. Complete this question by entering your answers in the tabs below. Required A Required B Required C Record the receipt of payment on the remainder of the month's sales, assuming that customers purchasing $50,000 took advantage of a 2 percent cash discount for early payment. None of the customers taking advantage of the cash discount were among those that returned their purchases. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first…A credit sale of $4,000 is made on April 25, terms 2/10, n/30, on which a return of $250 is granted on April 28. What amount is received as payment in full on May 4? $3,675 O $3.750 O $3,920 O $4,000D1.
- Record the sale by Balus Company of $125,000 in accounts receivable on May 1. Balus is charged a 2.5% factoring fee.Oswego Clay Pipe Company provides services of $50,000 to Southeast Water District #45 on April 12 of the current year with terms 1/15, n/60. What would Oswego record on April 12? A. Accounts Receivable 49,500 Sales Revenue 49,500 B. Accounts Receivable 50,000 Sales Revenue 49,500 Sales Discounts 500 C. Accounts Receivable 50,000 Sales Revenue 50,000 D. Accounts Receivable 50,000 Sales Discounts 500 Sales Revenue 50,500A credit sale of $750 is made on June 13, terms 2/10, net/30. A return of $50 is granted on June 16. The amount received as payment in full on June 23 is: a) $700 b) $686 c) $685 d) $650
- Oswego Clay Pipe Company sold $46,000 of pipe to Southeast Water District 45 on April 12 of the current year with terms 1/10,n/30. Oswego uses the gross method of accounting for sales discounts. What entry would Oswego make on April 18, assuming the customer made the correct payment on that date? Account Title Debit Credit Cash Sales 45,540 460 Accounts receivable 46,000 Account Title Debit Credit Cash 46,000 Accounts receivable Sales 45,540 460 Account Title Debit Credit Cash 45,540 Sales discounts 460 Accounts receivable 46,000 Account Title Debit Credit Cash 46,000 Sales discounts 460 Accounts receivable 46,000 Sales discounts forfeited 460Within 10 days following a sale, a company receives payment of a $20,000 account receivable with terms of 2/10, n/30. Which of these sales discounts will it record? O (100% - 2%) × $20,000 O (100% - 10%) × $20,000 O 10% of $20,000 O 2% of $20,000Provide the journal enteies with subsidairy record
- Bull's Eye Department Stores, Inc. records $150,000 in gift card sales and receives cash in year 1. Customers redeemed 20% of the gift cards to purchase merchandise in year 1. The company estimates breakage as 15% and uses the proportional method. How much breakage revenue should be recorded at the end of year 1? (Round any intermediary percentages two decimal places, XXX%. Round your final answer to the nearest dollar.) A. $22,500 B. $5,294 C. $30,000 D. $4,500What is the payable deferral period on these general accounting question?Give the Earned Commission