On March 1, sather co. Sold merchandise to Boone Co. on account for $30,100 terms 2/15 n/30 the cost of the merchandise sold is $19,600. The merchandise was paid for on March 14. Assume all discounts are taken.
Journalize the entries for sather co. And Boone. Co. For the sale, purchase, and payment of amount due.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “On March 1, sather co. Sold merchandise to Boone Co. on account for $30,100 terms 2/15 n/30 the cost of the merchandise sold is $19,600. ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Kingbird Music School borrowed $24,000 from the bank signing a 6%, 6-month note on November 1. Principal and interest are payable to the bank on May 1.
Answers (1)
The income statement for the Clothing Division of Tom Ron Surf Company is as follows: Sales $445,000 Operating expenses 270,000 Net operating income 175,000 Interest expense 35,000 Earnings before taxes 140,000 Income tax expense (30%) 42,000 Net
Answers (1)
Sanders, Inc., paid a $4 dividend per share last year and is expected to continue to pay out 60% of its earnings as dividends for the foreseeable future. The growth rate of dividends is expected to be 5.2%.
Answers (1)
Heritage Farms has sales of $1.62 million with costs of goods sold equal to 78 percent of sales. The average inventory is $369,000, accounts payable average $438,000, and receivables average $147,000. How long is the cash cycle?
Answers (1)
On february 1, pinn corp., paid $40,000 in advertising expenses for ads that will run in a periodical for the entire calendar year. on july 3, pinn paid $430,000 for anticipated major repairs to their machinery used for business.
Answers (1)
New Questions in Business
Which of the following are inefficient markets? Select all that apply. Consumers compete for wages in a free market economy. Consumers wait in line to buy a sale television because the first to come is the first served.
Answers (1)
Which of the following statements regarding perpetuities is FALSE? A. A perpetuity is a stream of equal cash flows that occurs at regular intervals and lasts forever. B.
Answers (1)
Which performance management technique involves the identification of a large number of critical incidents, the classification of these incidents into performance dimensions, and the rank ordering of these incidents into levels of performance?
Answers (1)
Albert decided that it was time to invest his money. he was quite excited and told his friends about his new financial venture. even his wife was supportive.
Answers (1)
Farah is an engineer with an idea for a flexible solar energy material that would have a wide range of military and civilian applications. She estimates that she will need approximately $300,000 to develop a prototype.
Answers (1)