An invoice is dated for June 28 for $8657 with terms of 8/10 EOM,ROG . The merchandise was received on July 3 , how much should be paid on or before August 1

Q: The invoice of a Toy company amounts to 800 OMR was dated February 7, and offered terms 2/10, n/30…

A: Introduction: ROG: ROG stands for Receipt of Goods. Due date is to be calculated from the date of…

Q: The invoice date for a bill is April 14 with the terms 2/15 ROG. If the goods were received on June…

A: The Receipt-of-goods (ROG) is the method of payment, wherein the date of commencement is the day on…

Q: On June 1, Compassion Company sold merchandise with a list price of P 1,000,000 to a customer. The…

A: Trade discount:- A trade discount is referred as the discount amount through which the manufacturer…

Q: er uses a perpetual inventory system, and it purchases merchandise on terms of FOB shipping point.…

A: In perpetual inventory system updates inventory on a continuous basis . Transactions  related to…

Q: A company purchased $1800 of merchandise on July 5 with terms 2/10, n/30. on July 7, it returned…

A: The journal entries are prepared to keep the record of day to day transactions of the business.

Q: On December 27, 20x1, ABC Co. received a sale order for a credit sale of goods with selling price of…

A: Note: Under FOB destination freight is the seller's expense but under FOB shipping point, freight is…

Q: The invoice date for a bill is April 13 with the terms 3/15 ROG. If the goods were received on April…

A: ROG is an acronym of receipt of goods. It means when the goods or inventory are received by the…

Q: Apr. 1 Sold merchandise for $3,800, with credit terms n/30; invoice dated April 1. The cost of the…

A: A Journal entry is a primary entry that records the financial transactions initially. The…

Q: Merchandise with an invoice price of $5,000 is purchased on March 1 subject to terms of 2/10, n/30.…

A: Note: 2/10, n/30: Here, 2 represents the discount rate if payment is made within ten days. And if…

Q: Prepare the entry on Pixer’s books to record the sale.   Prepare the entry on Pixer’s books to…

A: Journal entry:   Journal entry is a set of economic events which can be measured in monetary terms.…

Q: Merchandise is sold on account to a customer for $13,600, terms FOB shipping point, 2/10, n/30. The…

A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…

Q: EVALUATION: A company had the following transactions during December: • Sold merchandise on credit…

A: A journal entry is a form of accounting entry that is used to report a business transaction in a…

Q: transportation is prepaid by the seller, and that the invoice is paid within the 20. A sales invoice…

A: Discount is provided if the payment is made within the specified period.

Q: An invoice of RO500 with the terms 2/10, n/30 ROG is dated on June 10. The goods are received on…

A: 2/10,n/30 means 2% cash discount can be availed if payment is paid within 10 days of invoice. n/30…

Q: sales invoice included the following information: merchandise price, $4,500; transportation, $300;…

A: Net Sales  = Sales - Returned

Q: Humble Co. sells merchandise on credit to Wise Co in the amount of P9,600. The invoice is dated on…

A: ''1/ 15'' means the buyer can take 1 % discount advantages,if he pays the dues with in 15 days/

Q: A retailer received an invoice of RO 2500 with the terms 3/12, n/30 ROG on January 25th. The goods…

A: Given Invoice Amount = RO 2500 Term = 3/12, n/30

Q: Journalize the following transactions using the allowance method of accounting for uncollectible…

A:

Q: Calculate the amount of discount paid. Ordinary EOM ROG

A: Discount is the amount of money which a buyer gets from the purchases which has been made by him or…

Q: You purchase goods on an invoice dated July 27 with terms of 3/10 EOM. Determine (a) the last day of…

A: A time period of discount which is available for the customer for reducing the cash payment by cash…

Q: Kaden Co. sells merchandise on credit to Jase Co. for $9,600. The invoice is dated July 15 with…

A: Given information is: Kaden Co. sells merchandise on credit to Jase Co. for $9,600. The invoice is…

Q: May 4,   Bargain Wholesalers sells inventory to Pet World Supplies for $8,250.00 with terms 1/10,…

A: Cash to be received = Final amount due - Discount amount Cash to be received = (8,250 + 10,985) -…

Q: A sales invoice included the following information: merchandise price, $8,000; terms 2/10, n/eom.…

A: Formula to calculate cash received by the seller:Cash received by seller = Merchandise price -…

Q: You purchase goods on an invoice dated July 5 with terms of 4/15, n/45 ROG. If you receive the goods…

A: Answer  - Part 1 - Computation of the last day of the discount period -  Last day of discount period…

Q: I need to know how to input these questions into a general journal and general ledger. The beginning…

A: In general journal, regular day-to-day transactions are posted whereas from the general journal…

Q: Journalize the following transactions using the allowance method of accounting for uncollectible…

A:

Q: A company purchased $9,900 of merchandise on June 15 with terms of 3/10, n/45. On June 20, It…

A: Lets understand the basics. For attracting early payments, seller gives the discount to the buyer.…

Q: Merchandise received on July 20 is charged to the store on an invoice dated July 8 for $1,254 with…

A: Merchandising is the process to bringing goods for the selling purpose into market.

Q: er 1, Jerry's Lighting purchased merchandise with a list price of $4,100 with credit terms of 3/10,…

A: Solution: Amount of discount will be computed on the list price reduced by returns of merchandise if…

Q: The following is the transaction of the trading company "Mars" in December 2020 • On 2 December 2020…

A: The transactions for sale and purchase of merchandise are to be recorded in the General Journal.

Q: ou purchase goods on an invoice dated July 5 with terms of 4/15, n/45 ROG. If you receive the goods…

A: The last day of the discount period represents the last day on which the customer has to pay the…

Q: The invoice date for a bill is April 14 with the terms 2/15 ROG. If the goods were received on June…

A: Discount date: April 29 Due Date: May 19

Q: An invoice of OMR 1200 with the terms 4/10.n/30 ROG is dated on April 5th. Goods are recetved on…

A: given, invoice = $1200 terms 4/10,n/30 discount of 4% if invoice paid within 10 days n (total…

Q: answer. A company had the following transactions during December: 12/1/2020 - Sold merchandise on…

A: Journal entries are the recording of transactions in the accounting format which helps to prepare…

Q: A sales invoice included the following information: merchandise price, $6,000; terms 2/10, n/30.…

A: Payment terms 2/10, n/30 means discount of 2% is valid till 10 days from the date of purchase.…

Q: Journal Entries for Sale, Return, and Remittance-Perpetual System On October 14, the Patrick Company…

A: The journal entries are prepared to keep the record of day to day transactions of the business on…

Q: After the amount due on a sale of $28,000, terms 2/10, n/eom, is received from a customer within the…

A: a.

Q: A buyer receives merchandise on September 7th that is involced for $3,250. The date on the invoice…

A: Inventory: It refers to the items held by an organization which were in various forms like raw…

Q: A company had the following transactions during December: Dec 1 Sold merchandise on credit for…

A: GIVEN     Dec 1 Sold merchandise on credit for Php5,000, terms 3/10 n / 30 The items sold had a cost…

Q: PLEASE SHOW ALL WORK You purchase goods on an invoice dated July 27 with terms of 3/10 EOM.…

A: The invoice is prepared to record the amount due from customers agains credit sales and it also…

Q: b) An invoice for RO 65,000 and dated February 20th with the terms 7/13, EOM is received. The bill…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: The invoice of a Toy company amounts to 800 OMR was dated February 7, and offered terms 2/10, n/30…

A: Introduction: ROG: ROG Stands for Receipt of Goods. From the date of receipt of goods , due date to…

Q: On 5 December 2020, Manal Trading company sold goods to a customer on account for 37800 OMR. Which…

A: Accounts receivables: Accounts receivables can be defined as the account that hold up the amount due…

Q: An invoice of OMR 15000 with the terms 6/10, 3/15, n/30 is dated on June 15. The goods are received…

A: Given: OMR 15000 invoice terms 6/10, 3/15, n/30 dated 15 June. June 23, such goods were received.…

Q: April 1 Sold merchandise on account to Jim Dobbs, $8,100. The cost of the merchandise is $6,000. If…

A:

Financial Transaction Analysis

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business, at least two accounts should be affected I.e. both the debit side and the credit side should be equal. The Accounting Equation is