On June 3, Win-Tel Company sold merchandize worth $800 on credit, terms 2/10, n/30 . The merchandize sold had cost $550 . The customer paid the amount on June 10 . What is the required journal entry to record the payment received under the periodic inventory system?
a. Accounts Receivable 784
Sales Discounts 16
Cash 800
b. Accounts Receivable 800
Sales Discounts 16
Cash 784
c. Cash 784
Sales Discounts 16
Accounts Receivable 800
d. Cash 800
Sales Discounts 16
Accounts Receivable 816
C
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The ten (10) classes of priority claims recognized by the Bankruptcy Code are paid before secured creditors realize on their collateral.
Answer the following statement true (T) or false (F)
The Basketball Division of Thunder Sports Enterprises reported the following financial data for the year: Assets available for use $1,200,000 Book Value $1,500,000 Market Value Residual income $108,000 Return on investment 14% Refer to Thunder Sports Enterprises. What was the Basketball Division's segment income?
a. $168,000 b. $125,000 c. $269,000 d. $ 19,000
You have been asked to develop guidelines for your company's new weblog. What are the major elements that you will include in the guidelines?
. Identify the example of polarized traits.
a. Disciplined; playful b. Proud; humble c. High energy; quiet at rest d. All of these