Homework 3(1)

Lazy Days Laundry receives an invoice for detergent. The invoice is dated April 9 with terms of 3/15, n/30. a) What is the discount date? b) What is the net date? c) If the terms are changed to 3/15 EOM, what is the new discount date? d) What is the new date?

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how to in sage 300, a/r customers add the ffollowing customer December, 2022 historical invoices. All taxes on these invoices should be 0.00. Use 01/31/2022 as the batch date. Use account 4500 - 100 as the revenue account for all invoices. Accept the Credit Check screen if it is displayed while entering invoices. iName Terms Date Invoice Amount Conway Banquet Hall 21030 12/05/22 The Flower Shoppe 21030 12/06/22 Shelly's Banquet Hall 21030 12/06/22 please show me the steps. 657219 $ 355.00 657220 189.00 657221 1,900.00

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Let's assume the merchandiser (buyer) pays after the discount period expires, how will the vendor (seller) journalize the Jeff. Fvpayment? Add the appropriate amount to the appropriate accounts provided below. Use the invoice provided.

A CengageNOWv2 | Online teaching and learning resource from Cengage. eBook Revenue Recognition Principle Heartstrings Gift Shoppe sells an assortment of gifts for any occaslon. During October, Heartstrings started a Gift-of-the-Month program. Under the terms of this program, beginning in the month of the sale, Heartstrings would select and deliver a random gift each month, over the next 12 months, to the person the customer selects as a recipient. During October, Heartstrings sold 20 of these packages for a total of $10,956 in cash. Required: For the month of October, calculate the amount of revenue that Heartstrings will recognize. 10,956 X Feedback Check My Work Apply the revenue recognition principle, which states that revenue is recognized when earned and the collection of cash is reasonably assured. Previous Next Check My Work Suhmit Assignment for Grading Couo and Exit

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My first question is...are my general journal entries correct?  Second question is...What number would be the warrant revenue for year 1?   Please see attachments,   Thank you!

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Problem #7 Voucher System transactions occurred during Jan. 2019: Issued check no. 701 in payment of voucher no. 600 to Calayag Company, P9,310. The voucher was recorded on Dec. 31, 2019 for P9,500. A 2% discount was taken. Recorded voucher no. 601 payable to Cruz Realty for January rent, P9,250. Recorded voucher no. 602 payable to Dorega Suppliers for merchandise purchased, P8,000; terms 2/10, n/30. Issued check no. 702 in payment of voucher no. 601. Recorded voucher no. 603 payable to Espiritu Bookstore for P6,000 worth of office supplies; terms 2/10, n/30. Recorded voucher no. 604 to Giron Freight Company for freight on merchandise purchased, P700. Issued check no. 703 in payment of voucher no. 602 less discounts. Issued check No. 704 in payment of voucher No. 603. Recorded voucher no. 605 payable to Ligeralde Business Machines, for store equipment, P15,000; terms 2/20, n/60. Issued check no. 705 in payment of voucher no. 604. Recorded voucher No. 606 payable to Macapagal Traders,…

OCT 31 Flower Shop makes a sale, on account for $1.200. NOV 15 Flower Shop delivers the flowers ordered above DEC 01 Flower Shop sends the above customer a bill for $1.200 DECOS Flower Shop receives the above customers check on DEC 10 Assuming that Flower Shop follows GAAP on which date is the $1.200 "recognized as a revenue? OCT 31 NOV 15 DEC 01 Ether date in DEC 11st or 5th is acceptable

Return to Blackboard US Weygandt, Accounting Principles, 13th Edition, Custom WileyPLUS Course for Bronx Community College Help | System Announcements Exercise 9-12 a-b (Part Levei SubmiSSion) CES CALCULATOR PRINTER VERSION 4 ВАCK Oriole Supply Co. has the following transactions related to notes receivable during the last 2 months of 2020. The company does not make entries to accrue interest excer ES- December 31. Nov. 1 Loaned $23,500 cash to Manny Lopez on a 12-month, 12% note. t Sold goods to Ralph Kremer, Inc., receiving a $61,200, 90-day, 10% note. Dec. 11 16 Received a $97,200, 180 day, 8% note in exchange for Joe Fernetti's outstanding accounts receivable. 31 Accrued interest revenue on all notes receivable. (a) Your answer is correct. Journalize the transactions for Oriole Supply Co. (Ignore entries for cost of goods sold.) (Credit account titles are automatically indented when amount is ente indent manually. Use 360 days for calculation. Round answers to 0 decimal places, e.g.…

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Accounting Homework

What information from this invoice would be entered in the Source Document column of the journal? Use the invoice below.

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help me on how to chart the sales journal

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Directions: Prove to me that you are having fun and you are learning more than what I expected. Compute the total amount of Pedro's Meal Expenses for May 2020 using MS Excel. Pedro's Meal Expenses for May 2020 Monday Tuesday Wednesday Thursday Friday Sunday Saturday Total P100.00 P120.00 4 6 8 P120.00 P120.00 P100.00 P120.00 P100.00 P120.00 P150.00 10 11 12 13 14 15 16 P100.00 P110.00 P110.00 P120.00 P120.00 P110.00 P120.00 17 18 19 20 21 22 23 P150.00 P110.00 P110.00 P110.00 P100.00 P120.00 P150.00 24 25 26 27 28 29 30 P100.00 P120.00 P110.00 P100.00 P110.00 P110.00 P150.00 31 P100.00 TOTAL MEAL EXPENSES FOR THE MONTH OF MAY

QUESTION 1 An animal shelter plans to sell T-shirts bearing their logo at an upcoming crafts fair. They find a supplier who charges $2.85 a piece for orange T-shirts. Printing the logo on the shirt requires an additional $0.70 per shirt. The group places an order for 300 T-shirts and pays a shipping fee of $22 upon receiving the T-shirts. The journal entry on the receipt date should include: a. A credit to inventory of $877 O b. A děbit to inventory of $855 O c. A credit to inventory of $1,065 O d. A debit to inventory of $1,087

Prepare the entries for transaction below and indicate what journal it is 21 august issued a $600 credit memo to ultracity co. For an allowance on good sold on august 19, 2020

Help Save & Exit Seved Proctoring Enabled: Exam 2 (Chapters 6,7,8,9) Spring 2...0 Oswego Clay Pipe Company sold $45,400 of pipe to Southeast Water District #45 on April 12 of the current year with terms 3/15, n/60. Oswego uses the 15 gross method of accounting for cash discounts. What entry would Oswego make on April 23, assuming the customer made the correct payment on that date? Multiple Choice 21 Cash 45,400 Sales discounts 1,362 Accounts receivable 45,400 Sales discounts forfeited 1,362 Cash 44,038 Sales discounts 1,362 45,400 Accounts receivable Cash 44,038 Sales 1,362 Accounts receivable 45,400 Cash 45,400 44,038 1,362 Accounts receivable Sales

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Mc Graw Hill סוי M Question 6 - Week 11 - Homework #7 (100 points) - Connect Week 11 - Homework #7 (100 points) i ezto.mheducation.com b) Success Confirmation of Question Submission | bartleby Saved Help Save & Exit Submit 6 10 points eBook Consider the following situations for Shocker: 1. On November 28, 2024, Shocker receives a $3,450 payment from a customer for services to be rendered evenly over the next three months. Deferred Revenue was credited on November 28. 2. On December 1, 2024, the company paid a local radio station $2,490 for 30 radio ads that were to be aired, 10 per month, throughout December, January, and February. Prepaid Advertising was debited on December 1. 3. Employee salaries for the month of December totaling $7,300 will be paid on January 7, 2025. Hint Required: Record the necessary adjusting entries for Shocker at December 31, 2024. No adjusting entries were made during the year. (If no entry is required for a particular transaction/event, select "No Journal…

Mc Graw Hill סוי M Question 6 - Week 11 - Homework #7 (100 points) - Connect Week 11 - Homework #7 (100 points) i ezto.mheducation.com b) Success Confirmation of Question Submission | bartleby Saved Help Save & Exit Submit 6 10 points eBook Consider the following situations for Shocker: 1. On November 28, 2024, Shocker receives a $3,450 payment from a customer for services to be rendered evenly over the next three months. Deferred Revenue was credited on November 28. 2. On December 1, 2024, the company paid a local radio station $2,490 for 30 radio ads that were to be aired, 10 per month, throughout December, January, and February. Prepaid Advertising was debited on December 1. 3. Employee salaries for the month of December totaling $7,300 will be paid on January 7, 2025. Hint Required: Record the necessary adjusting entries for Shocker at December 31, 2024. No adjusting entries were made during the year. (If no entry is required for a particular transaction/event, select "No Journal…

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MindTap - Cengage Learning 2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession Locator=&inprogress=false ork items week 6: Homework eBook Salary State income taxes Exercise 12-22 (Algorithmic) (LO. 2, 3, 5) Yanni, who is single, provides you with the following information for 2021: CengageNOWv2 | Online teachin X Print Item Mortgage interest expense on principal residence Charitable contributions Interest income a. Yanni's taxable income: b. Yanni's AMT base: Check My Work Click here to access the exemption table. If required, round your answers to the nearest dollar. Compute the following: c. Yanni's tentative minimum tax: $117,400 11,740 10,566 2,348 1,761 94,507 32,647 X + 8,488

4 eBook Print References Complete the following: (Use Table 71) Date goods are received Invoice June 18 Terms 1/10, n/30 Last day of discount period Final day bill is due (end of credit period)

arrow_forward   Question Asked Jun 24, 2020 1 views   Revenue Cycle DURAPLAST’s sales department consists of 17 full-time and part-time employees. They receive orders via traditional mail, e-mail, telephone, and the occasional walk-in. Because DURAPLAST is a wholesaler, the vast majority of its business is conducted on a credit basis. The process begins in the sales department, where the sales clerk enters the customer’s order into the centralized computer sales order system. The computer and file server are housed in DURAPLAST’s small data processing department. If the customer has done business with DURAPLAST in the past his or her data are already on file. If the customer is a first-time buyer, however, the clerk creates a new record in the customer file. The system then creates a record of the transaction in the open sales order file. When the order is entered, an electronic copy of it is sent to the customer’s e-mail address as confirmation.A…

Class Collaborate-AC-163-44 P x CengageNOWv2| Online teachin X + 2.cengagenow.com/ilmn/takeAssignment/takeAssignmentMain.do?invoker-assignments&takeAssignments... A Determine the following measures for 2018. Round ratio values to one decimal place and dollar amounts to the nearest cent. For number of days' sales in receivables and number of days' sales in inventory, round intermediate calculations to the nearest whole dollar and final amounts to one decimal place. Assume there are 365 days in the year. 1. Working capital Г 2,790,000 2. Current ratio 4.1 3. Quick ratio 2.5 4. Accounts receivable turnover 16 5. Days' sales in receivables 22.8 days 6. Inventory turnover 7. Days sales in inventory 8. Debt ratio days % 9. Ratio of liabilities to stockholders' equity 10. Ratio of fixed assets to long-term liabilities 11. Times interest earned times times 12. Times preferred dividends earned Check My Work 8 144 0 P Previous Email Instructor Save and Exr Submit Assignment for Grading pri se…

Problem 8: From the following receipt and payment account of Edhi Centre, prepare an income and expenditure account for the year ended 31-12-2023 and a Balance sheet as on that date. Particulars Balance b/d Entrance fee Subscription 2022 2023 2024 Locker rent Miscellaneous Adjustments: Receipt and payment account For the year ended 31-12-2023 Dr.(AED) Particulars Cr. (AED) 130 Rates 2,500 210 Stationery 340 General expenses 3,610 70 Building (Purchased on 1- 2,500 7-2023) 10,520 Repairs 300 420 Mortgage interest 1,600 300 Balance c/d 2,460 1,660 13,310 13,310 1. Locker rent AED 20 referred to the previous year and AED 30 is still owing. 2. Rates AED 20 referred to the previous year and AED 500 is still owing. 3. Subscription unpaid for the current year AED 200. 4. Depreciate building by 5% p.a. ||