what is the correcting entry for.. paid $1000 cash for radio advertising
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what is the correcting entry for.. paid $1000 cash for radio advertising
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- How do you find the amount of payment to be credited and the balance outstanding when you know the amount of invoice is $600, the terms are 4/10 and n/60, the invoice date is 7/5, the actual partial payment made is $400, and the date of partial payment is 7/14?Kimmel, Financial Accounting, 8e Help I System Announcements he cash register tape indicates cash sales are $2,000 and sales taxes are $155. What journal entry is needed to record this informati ractice Question 19 000' 155 O Cash Sales Tax Expense 1,155 Sales Cash 000 0000 Sales D Cash 2,155 000 155 Sales Sales Taxes Payable D Cash 2,155 Sales 2,155 ick if you would like to Show Work for this question: Open Show WorkWhat should i do? Other expenditures amounted to $954,500. Note: Enter debits before credits. Transaction General Journal Debit Credit 07
- (To record cash purchase of premiums) Cash Sales Revenue (To record cash sales) Cash Premium Expense Inventory of Premiums (To record redemption of codes) (To adjust unearned revenue) Save for Later 3840000 000 0 Attempts: 1 of 3 used Submit Answer EWhat should i do? Record the Contracted services of $82,500 as performed. Note: Enter debits before credits. Transaction General Journal Debit Credit 6bGiven the following information, compute the amount of cash finally remitted by the customer. Oct. 22—Sale on credit, terms of 2/10, n/30—$3,000 Oct. 27—Allowance granted due to some items being damaged—$300 Oct. 31—Payment in full received from customer—$? $2,646. $3,000. $2,640. $2,814.
- what is the gournal jeneral entry for: 1. credit sales 2. borrowed $2000 from BSP Bank15. A business sells S100 worth of goods to a customer, the customer pays $50 in cash immediately and will pay the remaining $50 in 30 days' time. What is the double entry to record the sale? a) Debit receivables $50, debit cash $50, credit sales $100 b) Debit sales S100, credit receivables $50, credit cash $50 c) Debit cash S50, credit receivables S50, credit sales $50 d) Debit sales S100, credit cash S100 16. Jenny's payable ledger shows opening balance of RM600 at I August. During the month she purchased goods worth RM1,200 on credit and RM500 on cash. Beside she paid RM1,000 to suppliers. What will be the amount of the closing balance of her payable ledger? a) RM1,300 b) RM700 c) RM800 d) RM200 17. Wincent's trial balance at 30 September 2020 includes the following balances: Trade receivables RM75,943 ; allowance for doubtful debts RM4,751. How should these balances be reported in Wincent's statement of financial position as at 30 September 2020? a) An asset of RM71,192 b) An asset…A seller sells $800 worth of goods on credit to a customer, with a cost to the seller of $300. Shipping charges are $100. The terms of the sale are 2/10, n/30, FOB Destination. What, if any, journal entry or entries will the seller record for these transactions?
- An involce for $10,000 dated September 10 with terms 3/10, 12/20, n/30, EOM is recelved in the mail on September 25. A payment of $4000 is sent on October 11. What is the outstanding balance? Multiple Choice $5940.00 $5939.09 $6000.00 $5920.00 $5918.37You returned damaged goods you had previously purchased from C.C. Rogers Inc. and received a credit memo for $250. Which journal would your company use to record this transaction? A. sales journal B. purchases journal C. cash receipts journal D. cash disbursements journal E. general journal9. Which of the following is recorded upon receipt of a payment on April 7, 2021, by a customer who pays a $900 invoice dated March 3, 2021, with terms 2/10, n/60? A. Debit Sales Discounts $18. B. Credit Purchase Discounts $18. C. Credit Accounts Receivable $882. D. Debit Cash $900.