On November 1, 2018, A & C Janitorial Supply sold merchandise on account with a cost of $4,200 for $6,000 and payment terms of 3/10, n/30. The company uses the gross method and a perpetual inventory system. Prepare the journal entries for this transaction. Omit explanations.
What will be an ideal response?
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Which of the following would be considered an "other comprehensive income" item?
a. net income b. extraordinary loss related to flood c. gain on disposal of discontinued operations d. unrealized loss on available-for-sale securities
Depreciation is a noncash expense that is added back to net income in determining cash provided from operating activities under the indirect method
a. True b. False Indicate whether the statement is true or false
Interest compounded quarterly on a $100,000 principal amount at 12% for one year is
A) $11,151. B) $12,000. C) $12,551. D) $12,683.
Getting the right number and mix of people to serve on a workplace team is which stage of the team-organization process?
a. Selecting a meeting format b. Identifying roles c. Recruiting d. Training e. Identifying methods of conflict resolution