Koop Kool Refrigeration Co. 1000 Main St. Anytown, SC 29000 Date Salesperson Customer: No. 3149 QUANTITY ITEM PRICE AMOUNT ORIGINAL Thank You
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A new motel with 15 rooms is under construction. The cost of each unit is
$323.00. Each unit will require an electrical breaker at $8.25. An electrical
wall socket, outlet box, and cover are needed for each unit at $3.97. Eighteen
feet of electrical wire at $0.24 per foot are needed for each unit. The labor to
install one unit is 4 hours, and the labor is charged at the rate of $31.00 per
hour. There is a 6% sales tax on everything. Write a bill for the job of putting
a through-the-wall unit in each room.
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- Rizio company purchases a machine for 10,100, terms 1/10, n/60, FOB shipping pointbaby Company provided the followingdata:Items included in thebodega 4,000,000Items included in the specificallysegregated per sale oncontract 100,000Items in receiving department,returned by customer, in goodcondition 50,000Items ordered and in thereceiving department 400,000Items ordered, invoice receivedbut goods not received. Freightis on account on seller 300,000Items shipped today, invoicemailed, FOB shipping point 250,000Items shipped today, invoicemailed, FOB destination 150,000Items currently being used forwindow display 200,000Items on counter for sale 800,000Items in receiving department,refused because of damage 50,000Items in the shippingDepartment 250,000 How much is the cost of ending inventory?I need help with this: Elgin Flooring Company sells floor coverings through two departments, carpeting and hard covering (tile and linoleum). Operating information for 29019 appears below: Carpeting Dept Hard Covering Dept Inventory, January 1, 2019 $60,000 $26,000 Inventory, Dec 31, 2019 50,000 30,000 Net sales 500,000 800,000 Purchases 300,000 560,000 Purchases returns 28,000 8,000 Purchases discounts 16,000 4,000 Transportation in 18,000 14,000 Traceable department expenses 108,000 56,000 Common operating expenses of the firm were $225,000 Required a) Prepare a departmental income statement showing departmental contribution to common expenses and net income of the firm. Assume an over effective income tax rate of 20%. Elgin uses a periodic inventory system. b) Calculate the gross profit percentage for each department. c) If the common expenses were allocated 40% to the carpeting department and 60% to the hard covering department, what would the net…
- (5) The company "Z" displays in its accounting records the following costs for the goods purchased to reach safely its warehouses: Invoice value of goods 150.000€, discounts given on the invoice value of the purchase of 11.000 €, transport paid for the transport of goods from the warehouse of the supplier to the premises of the buyer 2.500 €, insurance premiums of goods 3.150 € were paid, packing costs for the transport 8.450 €, fees and customs clearance costs 7.780 €, commissions purchases 4.140 €, administrative expenses 5.550 €, salaries and wages 6.750 €, light-water-phone 3.150€, advertising-promotion costs 3.550€ and financial interest (debit) 1.485€. Requested: To determine the cost of purchase of the quantities purchased.assume informotion similar to that inthe do it on the page 207 that is on septemper 5 de lahoya company buys merchandise on account from junot diaz company the selling price of the goods is $1500 and the cost to diaz compony was $800 0n september 8 de la hoya returns defective goods with a selling price of $200 and a scrab value of $80 record the transactions on the books of junot diaz componyMake a Sales journal entries for the following: EA11. L0 6.4 Record the journal entry or entries for each of the following sales transactions. Glow Industriessells 240 strobe lights at $40 per light to a customer on May 9. The cost to Glow is $23 per light. The terms ofthe sale are 5/15, n/40, invoice dated May 9. On May 13, the customer discovers 50 of the lights are the wrongcolor and are granted an allowance of $10 per light for the error. On May 21, the customer pays for the lights,less the allowance. Check Figures:• May 9th entry should include a credit toInventory of $5,520• May 21st entry should include a credit toA/R for $9,100 I've attached the exa exercise below to support for your work ?
- The answer i need is for this question South Coast Boards Co. is a merchandising business. The account balances for South Coast Boards Co. as of July 1, 2010 (unless otherwise indicated), are as follows: 110Cash$ 63,600 112Accounts Receivable153,900 115Merchandise Inventory602,400 116Prepaid Insurance16,800 117Store Supplies11,400 123Store Equipment469,500 124Accumulated Depreciation—Store Equipment56,700 210Accounts Payable96,600 211Salaries Payable— 310Rocky Hansen, Capital, August 1, 2009555,300 311Rocky Hansen, Drawing135,000 312Income Summary— 410Sales3,221,100 411Sales Returns and Allowances92,700 412Sales Discounts59,400 510Cost of Merchandise Sold1,623,000 520Sales Salaries Expense334,800 521Advertising Expense81,000 522Depreciation Expense— 523Store Supplies Expense— 529Miscellaneous Selling Expense12,600 530Office Salaries Expense182,100 531Rent Expense83,700 532Insurance Expense— 539Miscellaneous Administrative Expense7,800 During July, the last month of the fiscal year,…ACCT 1510 (W2021) Integrative Case Assignment Due Date: Feb. 9 (7 pm)Hardform Mold Shop Inc. is a company specialized in designing and building molds for theautomotive and aircraft industries. The account balances in the company’s general ledger onJanuary 1, 2020 (first day of the annual fiscal year) were as follows (all account balances are intheir normal position):Cash $ 3,700Accounts receivable 5,900Supplies inventory 29,300Land 168,500Buildings 116,500Accumulated depreciation, buildings 37,500Equipment 58,500Accumulated depreciation, equipment 18,000Accounts payable 25,200Income tax payable 16,600Interest payable 4,200Wages payable (due in 2020) 15,700Notes payable ($10,000 due June 30, 2021, balance due June 30, 2022) 61,500Common shares 151,500Retained earnings, Dec. 31, 2019 52,200Transactions during 2020:a. The company provided mold design services, all on credit, for $210,300. In addition, thecompany manufactured molds for customers for $62,300 cash.b. Accounts receivable of…A VAT-registered business makes a sale of P12,000, inclusive of VAT. The VAT on the sale can be computed as* a. P12,000 x 12%b. P12,000 / 12% c. P12,000 x 12% / 112%d. P12,000 / 12% / 112%
- South Coast Boards Co. is a merchandising business. The account balances for South Coast Boards Co. as of July 1, 2010 (unless otherwise indicated), are as follows: 110Cash$ 63,600 112Accounts Receivable153,900 115Merchandise Inventory602,400 116Prepaid Insurance16,800 117Store Supplies11,400 123Store Equipment469,500 124Accumulated Depreciation—Store Equipment56,700 210Accounts Payable96,600 211Salaries Payable— 310Rocky Hansen, Capital, August 1, 2009555,300 311Rocky Hansen, Drawing135,000 312Income Summary— 410Sales3,221,100 411Sales Returns and Allowances92,700 412Sales Discounts59,400 510Cost of Merchandise Sold1,623,000 520Sales Salaries Expense334,800 521Advertising Expense81,000 522Depreciation Expense— 523Store Supplies Expense— 529Miscellaneous Selling Expense12,600 530Office Salaries Expense182,100 531Rent Expense83,700 532Insurance Expense— 539Miscellaneous Administrative Expense7,800 During July, the last month of the fiscal year, the following transactions were completed:…Williams Corporation had the following purchases for May: May 3Bought ten lawn rakes from Owens Company, invoice no. J34Y9, 250.25; terms net 15 days; dated May 1; FOB shipping point, freight prepaid and added to the invoice, 15 (total 265.25). 11Bought one weed trimmer from Lionels Lawn Landscaping, invoice no. R7740, 219.72; terms 2/10, n/30; dated May 9; FOB shipping point, freight prepaid and added to the invoice, 35 (total 254.72). 15Bought five bags of fertilizer from Wrights Farm Supplies, invoice no. 478, 210.97; terms net 30 days; dated May 13; FOB destination. 25Bought one lawn mower from Gutierrez Corporation, invoice no. 2458, 425.39; terms net 30 days; dated May 22; FOB destination. Assume that Williams Corporation had beginning balances on May 1 of 3,492.29 (Accounts Payable 212), 4,239.49 (Purchases 511), and 234.89 (Freight In 514). Record the purchases of merchandise on account in the purchases journal (page 13) and then post to the general ledger.E7.5 (LO 2) (Recording Sales Gross and Net) On June 3, Bolton plc sold toArquette Company merchandise having a sales price of £2,000 with terms of 2/10,n/60. An invoice totaling £90, terms n/30, was received by Arquette on June 8 fromJohn Booth Transport Service for the freight cost. On June 12, the company received acheck for the balance due from Arquette Company.Instructionsa. Prepare journal entries on the Bolton plc books to record sales and receivables forall the events noted above under each of the following bases.1. Sales and receivables are entered at gross selling price.2. Sales and receivables are entered at net of cash discounts.b. Prepare the journal entry under basis (a)(2), assuming that Arquette Companydid not remit payment until July 29.
