FINAN&MANAGERIAL ACCT (LL)W/1TERM ACCESS
9th Edition
ISBN: 9781266178566
Author: Wild
Publisher: MCG
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Chapter 4, Problem 4QS
Computing net invoice amounts P1
Compute the amount to be paid for each of the four separate invoices assuming that all invoces are paid within the discount period.
| Merchandise (gross) | Terms | Merchandise (gross) | Terms |
| a. $5,000 | 2/10, n/60 | c. $75,000 | 1/10, n/30 |
| b.$20,000 | 1/15, EOM | d. $10,000 | 3/15, n/45 |
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Compute the amount to be paid for each of the four
separate invoices assuming that all invoices are paid
within the discount period.
Merchandise
Terms
Payment
(gross)
а.
$
10,000
2/10, n/60
b.
$
27,500
1/15, n/90
C.
$
85,000
1/10, n/30
d.
22,500
3/15, n/45
%24
Compute the amount to be paid for each of the four separate invoices assuming that all invoices are paid within the discount period.
Merchandise
Payment
(gross)
Terms
2/10, n/60
a.
b.
1/15, EOM
C.
1/10, n/30
d.
3/15, n/45
$ 6,800
22,700
78,600
14,500
Compute the amount to be paid for each of the four separate invoices assuming that all invoices are paid within the discount period.
Merchandise
(gross)
a.
$
b. $
C. $
d.
$
5,000
20,000
75,000
10,000
Terms
2/10, n/60
1/15, n/90
1/10, n/30
3/15, n/45
Payment
Chapter 4 Solutions
FINAN&MANAGERIAL ACCT (LL)W/1TERM ACCESS
Ch. 4 - Prob. 1QSCh. 4 - Prob. 2QSCh. 4 - Merchandise accounts and computations C2 Use the...Ch. 4 - Computing net invoice amounts P1 Compute the...Ch. 4 - Recording purchases, returns, and discounts taken...Ch. 4 - Prob. 6QSCh. 4 - Prob. 7QSCh. 4 - Prob. 8QSCh. 4 - Prob. 9QSCh. 4 - Prob. 10QS
Ch. 4 - Prob. 11QSCh. 4 - Prob. 12QSCh. 4 - Prob. 13QSCh. 4 - Prob. 14QSCh. 4 - Prob. 15QSCh. 4 - Prob. 16QSCh. 4 - Prob. 17QSCh. 4 - Prob. 18QSCh. 4 - Prob. 19QSCh. 4 - Prob. 20QSCh. 4 - Prob. 21QSCh. 4 - Prob. 22QSCh. 4 - Prob. 23QSCh. 4 - Prob. 24QSCh. 4 - Prob. 25QSCh. 4 - Prob. 26QSCh. 4 - Prob. 27QSCh. 4 - Prob. 28QSCh. 4 - Prob. 29QSCh. 4 - Prob. 30QSCh. 4 - Prob. 31QSCh. 4 - Prob. 1ECh. 4 - Prob. 2ECh. 4 - Exercise 4-3 Recording purchase, purchase returns...Ch. 4 - Prob. 4ECh. 4 - Prob. 5ECh. 4 - Exercise 4-4 Recording sales, sales returns and...Ch. 4 - Prob. 7ECh. 4 - Prob. 8ECh. 4 - Prob. 9ECh. 4 - Prob. 10ECh. 4 - Prob. 11ECh. 4 - Prob. 12ECh. 4 - Prob. 13ECh. 4 - Prob. 14ECh. 4 - Prob. 15ECh. 4 - Prob. 16ECh. 4 - Prob. 17ECh. 4 - Prob. 18ECh. 4 - Prob. 19ECh. 4 - Prob. 20ECh. 4 - Prob. 21ECh. 4 - Prob. 22ECh. 4 - Prob. 23ECh. 4 - Prob. 24ECh. 4 - Prob. 25ECh. 4 - Prob. 26ECh. 4 - Prob. 27ECh. 4 - Prob. 28ECh. 4 - Prob. 29ECh. 4 - Prob. 1PSACh. 4 - Prob. 2PSACh. 4 - Prob. 3PSACh. 4 - Prob. 4PSACh. 4 - Prob. 5PSACh. 4 - Prob. 1PSBCh. 4 - Prob. 2PSBCh. 4 - Prob. 3PSBCh. 4 - Prob. 4PSBCh. 4 - Prob. 5PSBCh. 4 - Prob. 4SPCh. 4 - Prob. 1GLPCh. 4 - The General Ledger tool in connect several of the...Ch. 4 - Prob. 3GLPCh. 4 - Prob. 1.1AACh. 4 - Prob. 1.2AACh. 4 - Prob. 1.3AACh. 4 - Prob. 1.4AACh. 4 - Prob. 2.1AACh. 4 - Prob. 2.2AACh. 4 - Prob. 2.3AACh. 4 - Prob. 3.1AACh. 4 - Prob. 3.2AACh. 4 - Prob. 3.3AACh. 4 - Prob. 1DQCh. 4 - Prob. 2DQCh. 4 - Prob. 3DQCh. 4 - Prob. 4DQCh. 4 - How does a company that uses a perpetual inventory...Ch. 4 - Prob. 6DQCh. 4 - Prob. 7DQCh. 4 - Prob. 8DQCh. 4 - Prob. 1BTNCh. 4 - COMMUNICATING IN PRACTICE C2 P3 P5 BTN 4-4 You are...Ch. 4 - Prob. 4BTN
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- Merchandise subject to terms 1/10, n/30, FOB shipping point, is sold on account to a customer for $19,200. What is the amount of the sales discount allowable? a.$384 b.$96 c.$192 d.$480arrow_forward10.The entry to record a sale of P1,800 with terms of 2/10, n/30 will include a a. debit to Sales Discounts for P36. b. debit to Sales Revenue for P1,764. c. credit to Accounts Receivable for P1,800 d. credit to Sales Revenue for P1,800arrow_forwardCompute the amount to be paid for each of the four separate invoices assuming that all invoices are paid within the discount period. a. b. C. d. Merchandise (gross) $ $ $ $ 5,800 21,200 76,600 12,000 Terms 2/10, n/60 1/15, n/90 1/10, n/30 3/15, n/45 Paymentarrow_forward
- Question Content Area Merchandise subject to terms 2/10, n/30, FOB shipping point, is sold on account to a customer for $19,700. What is the amount of sales discount allowable? a. $189 b. $142 c. $201 d. $394arrow_forwardSales-Related Transactions Merchandise is sold on account to a customer for $21,200, terms FOB shipping point, 2/10, n/30. The seller paid the freight of $360. Determine the following: a. Amount of the sale $fill in the blank 1 b. Amount debited to Accounts Receivable $fill in the blank 2 c. Amount received within the discount periodarrow_forwardSales-Related Transactions Merchandise is sold on account to a customer for $16,500, terms FOB shipping point, 1/10, n/30. The seller paid the freight of $630. Determine the following: a. Amount of the sale $ b. Amount debited to Accounts Receivable $ c. Amount received within the discount period $arrow_forward
- Determining Amounts to be Paid on Invoices Determine the amount to be paid in full settlement of each of the following invoices, assuming that credit for returns and allowances was received prior to payment and that all invoices were paid within the discount period. Merchandise Freight Paid by Seller Returns and Allowances a. $17,000 - FOB destination, n/30 $900 b. 10,300 $400 FOB shipping point, 1/10, n/30 1,200 c. 6,300 - FOB shipping point, 1/10, n/30 600 d. 2,500 100 FOB shipping point, 2/10, n/30 400 e. 1,700 - FOB destination, 2/10, n/30 - a. $ b. $ c. $ d. $ e. $arrow_forwardJournalize the following merchandise transactions: a. Sold merchandise on account, $12,700, with terms 2/10, net 30. The cost of the merchandise sold was $8,255. Sale Cost b. Received payment within the discount period.arrow_forwardSolve this problemarrow_forward
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