Sales Report Customer Number: 19321 Customer Name : Jon Smith : 520 Main St.,City Address Unit Price $20 Invoice Num Date 11/11/09 Quantity Ext'd Price $100 500 250 Invoice Total Part Num 12390 $850 2 5 1 3 10 25 50 10 12912 11/21/09 $300 10 $30 $300 Customer Total: $1,150 *** Customer Number: 19322 Customer Name : Mary Smith Address : 2289 Elm St., City Invoice Num Date 11/13/09 Invoice Total Part Num Quantity 10 Unit Price Ext'd Price 12421 $200 100 700 $1,000 6 $20 50 1 2 5 7 100 11/20/09 $30 $300 200 12901 $500 4 10 2 10 20 Customer Total: $1,500 Next Customer Next Customer

Sales Report Customer Number: 19321 Customer Name : Jon Smith : 520 Main St.,City Address Unit Price $20 Invoice Num Date 11/11/09 Quantity Ext'd Price $100 500 250 Invoice Total Part Num 12390 $850 2 5 1 3 10 25 50 10 12912 11/21/09 $300 10 $30 $300 Customer Total: $1,150 *** Customer Number: 19322 Customer Name : Mary Smith Address : 2289 Elm St., City Invoice Num Date 11/13/09 Invoice Total Part Num Quantity 10 Unit Price Ext'd Price 12421 $200 100 700 $1,000 6 $20 50 1 2 5 7 100 11/20/09 $30 $300 200 12901 $500 4 10 2 10 20 Customer Total: $1,500 Next Customer Next Customer

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter5: Operating Activities: Purchases And Cash Payments

Section: Chapter Questions

Problem 2.11C

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PROBLEM 10: The purchases journal of YYY Enterprises shows the following invoices: Invoice Invoice Date Number Amount Date FOB Term Received DECEMBER 2021 251 P20,000 23-Dec Destination 24-Dec 252 24,000 23-Dec Destination 29-Dec 253 16,000 26-Dec Shipping point 30-Dec 254 18,000 26-Dec Shipping point 5-Jan 255 27,000 2-Jan Destination 31-Dec 256 21,000 31-Dec Destination 4-Jan 257 2,000 27-Dec Shipping point 21-Dec 258 50,000 8-Jan Shipping point 2-Jan 259 12,000 22-Dec Destination 28-Dec 260 22,000 28-Dec Destination 27-Dec JANUARY 2022 261 P30,000 28-Dec Destination 4-Jan 262 24,000 29-Dec Destination 28-Dec 263 15,000 30-Dec Shipping point 31-Dec 264 6,500 2-Jan Shipping point 5-Jan 265 8,500 28-Dec Shipping point 4-Jan 266 19,000 30-Dec Destination 6-Jan How much of these invoices must be reported as part of inventory?
A $1,000 sale is made on May 1 with terms 2/10, n/30.Items with a $100 selling price are returned on May 3.What amount, if received on May 9, will be consideredpayment in full?a. $700 c. $882b. $800 d. $900
PA8.) Review the following sales transactions for Dish Mart and record any required journal entries. Note that all sales transactions are with the same customer, Emma Purcell.Mar. 5 Dish Mart made a cash sale of 13 sets of dishes at a price of $700 per set to customer Emma Purcell. The cost per set is $460 to Dish Mart.Mar. 9 Dish Mart sold 23 sets of dishes to Emma for $650 per set on credit, at a cost to Dish Mart of $435 per set. Terms of the sale are 5/15, n/60, invoice date March 9.Mar. 13 Emma returns eight of the dish sets from the March 9 sale to Dish Mart for a full refund. Dish Mart returns the dish sets to inventory at their original cost of $435 per set.Mar. 14 Dish Mart sells 6 sets of dishes to Emma for $670 per set on credit, at a cost to Dish Mart of $450 per set. Terms of the sale are 5/10, n/60, invoice date March 14.Mar. 15 Emma discovers that 3 of the dish sets from the March 14 purchase, and 7 of the dish sets from the March 5 sale are missing a few dishes, but…
PA8. Review the following sales transactions for Dish Mart and record any required journal entries. Note that all sales transactions are with the same customer, Emma Purcell. Mar. 5 Dish Mart made a cash sale of 13 sets of dishes at a price of $700 per set to customer Emma Purcell. The cost per set is $460 to Dish Mart. Mar. 9 Dish Mart sold 23 sets of dishes to Emma for $650 per set on credit, at a cost to Dish Mart of $435 per set. Terms of the sale are 5/15, n/60, invoice date March 9. Mar. 13 Emma returns eight of the dish sets from the March 9 sale to Dish Mart for a full refund. Dish Mart returns the dish sets to inventory at their original cost of $435 per set. Mar. 14 Dish Mart sells 6 sets of dishes to Emma for $670 per set on credit, at a cost to Dish Mart of $450 per set. Terms of the sale are 5/10, n/60, invoice date March 14. Mar. 15 Emma discovers that 3 of the dish sets from the March 14 purchase, and 7 of the dish sets from the March…
Issued Cheque No. 4030 for $8,327 to Big Telco in payment of Purchase #340 (Supplier Inv#218). 3 Purchased 8 units MX620 notebook computers from Moon Megasystems at $1,188 each (includes 10% GST), Purchase #343, Supplier Inv#107. Issued Cheque No. 4031 for $4,400 to this supplier for this particular invoice at the time of the purchase. 3 Issued Cheque No. 4032 for $1,210 (includes 10% GST) to Discount Office Supplies for the cash purchase of office supplies. How to record these journals in MYOB sofyware.
lf the cost of purchases 130 000 lD., sales revenue 200 000 lD.,beginning inventory 20 000 lD.,sales discount 25 000 lD.,sales returns 50 000 lD.,ending inventory 25 000 lD . , the cost of goods sold are :- * 220 000 lD. 195 000 lD . 125 000 lD . 70 000 lD .
20. The list price of an air conditioner is OMR 250. If manufacturer sells this product to a retailer for list price less 15% discount, what will be the amount of account receivable to be recorded by the manufacturer? a. OMR 250 b. OMR 212.50 c. OMR 37.50 d. OMR 287.50
#10: Accounts Payable, beg. 70,000.00; Accounts Payable, end 75,000.00; Merchandise Inventory, beg - 350,000.00; Merchandise Inventory, end 175,000.00; Cash Payment to Supplier for Purchase on Account, 560,000.00. Fifty percent (50%) of Merchandise Inventory Purchases for the year are made on account. The total cost of goods are sold amounted to __________ (Round your answers to the nearest 2 decimal places)
8. GINKGO-NUTS Enterprises' purchases per purchase invoice is ₱150,000. The purchase discount is 2/10, n/30. Freight is ₱500, FOB Shipping point prepaid. At what amount is the accounts payable debited upon payment?
BUS 038 : Business Computations 14. Series discounts are a form of trade discount. (T or F)For Problems 15-19 assume that you purchase goods with a list price of $455 and a trade discount of25%. The invoice is dated October 3 with terms of 3/15, n/45.
Feb 1. Analisa purchase merchandise with an invoice price of 280,000 and 3/10 , n/30 Feb 3. Analisa paid 8000 transportation cost on the purchased goods FOB shipping point Feb 10 analisa paid for merchandise What was analizas total cost lf the lurchased merchandise?
The following tables provide book information on the Nodhead project. Year 1 2 3 4 5 6 Book income for store 1 −65.20 34.80 84.80 132.80 132.80 132.80 2 −71.72 38.28 93.28 146.08 146.08 3 −78.89 42.11 102.61 160.69 4 −86.78 46.32 112.87 5 −95.46 50.95 6 −105.01 Total book income −65.20 −36.92 44.19 181.41 332.35 498.38 Book value for store 1 1,004.01 836.68 669.34 502.00 334.66 167.32 2 1,104.41 920.34 736.27 552.19 368.12 3 1,214.85 1,012.38 809.90 607.41 4 1,336.34 1,113.61 890.88 5 1,469.97 1,224.98 6 1,616.97 Total book value 1,004.01 1,941.09 2,804.53 3,586.99 4,280.33 4,875.68 Assume a steady-state growth rate of 10% per year. Calculate the book ROI. (Negative answers should be indicated by a minus sign. Do not round intermediate calculations. Round your answers to 3 decimal places.) Year 1 2 3 4 5 6 Book ROI