On October 1, Robertson Company sold inventory in the amount of $5,800 to Alberta, with credit terms of 2/10, n/30. The cost of the items sold is $4,000. Robertson uses the periodic inventory system. On October 4, Alberta returns some of the inventory. The selling price of the inventory is $500 and the cost of the inventory returned is $350. What journal entry (entries) will be recorded by Robertson October 4?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “On October 1, Robertson Company sold inventory in the amount of $5,800 to Alberta, with credit terms of 2/10, n/30. The cost of the items ...” 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
This shows how much profit is being made by each dollar of sales for the period being analyzed
Answers (1)
Two methods of accounting for uncollectible accounts are the a. allowance method and the accrual method b. direct write-off method and the accrual method c. allowance method and the net realizable method d.
Answers (1)
ABC Company is structured so that one department services the military and another department services the medical community. What type of organization structure does this represent?
Answers (1)
Jimmy has $255,906 accumulated in a 401k plan. the fund is earning a low, but safe, 3% per year. the withdrawals will take place at the end of each year starting a year from now.
Answers (1)
The development of a nationwide computerized job bank listing of all job openings would be most likely to reduce: 1. natural unemployment. 2. frictional unemployment. 3. seasonal unemployment. 4. cyclical unemployment.
Answers (1)
New Questions in Business
In October 2010, the amount of money held by individuals and companies was $893.4 billion; checkable deposits owned by the same individuals and companies were $345.6 billion; money market funds were $1.9423 trillion; savings deposits were $989.
Answers (2)
A monopolist that practices perfect price discrimination a. creates no deadweight loss. b. charges one group of buyers a higher price than another group, such as offering a student discount. c.
Answers (1)
What is the best way to show a business you're interested in their job position
Answers (1)
It doesnt matter what your goal is. any idea you may create is achievable. true or false
Answers (1)
What is a system for ordering items that have little or no value at the end of a sales period? a. single-period inventory model b. rop c. production order quantity model d. eoq?
Answers (1)