On may 1 shilling company sold merchandise
Web7 de abr. de 2024 · On May 1, Shilling Company, Inc. sold merchandise in the amount of $5,800 to Anders, ... On July 1, Ferguson Company sold merchandise in the amount of $5,800 to Tracey Company, with credit. Answer: Sales returns and allowances 500 Accounts receivable 500 Merchandise inventory 350 Cost of goods ... WebQuestion: 3. On May 1, Anders Company purchased merchandise in the amount of $5,800 from Shilling, with credit terms of 2/10, 1/30. Anders uses the perpetual inventory …
On may 1 shilling company sold merchandise
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Web2 de abr. de 2024 · Question. QUESTION 5 On May 1, Shilling Company, Inc. sold merchandise inthe amount of $5,800 to Anders, with credit terms of 2/10, n/30.The cost of the items sold is $4,000. Shilling uses the perpetualinventory system. The journal entry or entries that Shilling willmake on May 1 is: Accounts receivable 5,800 Sales 5,800 Cost … WebOn May 1, Shilling Company sold merchandise in the amount of $5,800 to Anders, with credit terms of 2/10, n/30. The cost of the items sold is $4,000. Shilling uses the perpetual inventory system and the gross method. The journal entry …
WebGarza Company had sales of $141000, sales discounts of $2100, and sales returns of $3385. Garza Company's net sales equals: $135,515. Explanation: Net Sales= … WebThe cost of the items sold is $4,000. Shilling uses the perpetual inventory system and the gross method. The journal entry or entries that Shilling will make on May 1 is (are): On …
WebGross Margin = Net Sales − Cost of Goods Sold; $825,000 − $547,000 = $278,000. Operating Expenses = Gross Margin − Net Income; $278,000 − $98,500 = $179,500. On … Web10 de out. de 2024 · On May 1. Accounts receivable A/c Dr $5,800 ... Cost of goods sold A/c Dr $4,000 To Merchandise inventory A/c $4,000 (Being the cost of the item sold is …
WebMay: 1: The company billed a customer $2,100 in consulting revenue for sustainable proposals. 3: ... The journal entry or entries that Shilling will make on May 1 is (are): ... sales returns and allowances of $18,270, cost of goods sold of $385,700, and $279,330 in operating expenses. Gross profit equals: $408,030. $395,850; $116,520. $781,550 ...
Web4 de jan. de 2024 · answered • expert verified. On may 1, shilling company sold merchandise in the amount of $5,800 to anders, with credit terms of 2/10, n/30. The cost of the items sold is $4,000. Shilling uses the perpetual inventory system and the gross method. The journal entry or entries that shilling will make on may 1 is (are): on may 1, … how far is san diego to 29 palms cahow far is san diego from escondido caWebACCT Final 2 MC. 5.0 (1 review) Term. 1 / 18. A company purchased $1,800 of merchandise on July 5 with terms 2/10, n/30. On July 7, it returned $200 worth of … how far is san diego from laWebMayfair Co. completed the following transactions and uses a perpetual inventory system. June 4 Sold $650 of merchandise on credit (that had cost $400) to Natara Morris, terms n∕15. 5 Sold $6,900 of merchandise (that had cost $4,200) to customers who used their Zisa cards. Zisa. charges a 3% fee. high calorie low budgetWebExpert solutions for Question QUESTION 5 On May 1, Shilling Company, Inc. sold merchandise inthe:1146964 ... This E-mail is already registered as a Premium Member with us. Kindly login to access the content at no cost. high calorie low fat foods to gain weightWebOn May 1, Shilling Company, Inc. sold merchandise in the amount of 5,800 to Anders, with credit term of 2/10/, n/30. The cost of the items sold is 4,000. Shilling uses the perpetual inventory system. The journal entry or entries that Shilling will make on; A company sold merchandise with a cost of $221 for $350 on account. high calorie low fat dog foodWeb21 de jun. de 2024 · Correct answers: 2 question: On May 1, Shilling Company sold merchandise in the amount of $5,800 to Anders, with credit terms of 2/10, n/30. The cost of the items sold is $4,000. Shilling uses the perpetual inventory system and the gross method. The journal entry or entries that Shilling will make on May 1 is (are): asked Sep … high calorie low sugar foods to gain weight