Amy Jak is the National Sales Manager of Land.com. To get sales up to the projection for the old year, Amy asked the accountant to put the first two weeks’ sales in January back into December. Amy told the accountant that this secret would only be between them. Should Amy move the new sales into the old sales year? You make the call. Write down your specific recommendations to Amy.
Answer to relevant QuestionsComplete the following table for Sales, Sales Returns and Allowances, and SalesDiscounts.From the following, prepare a schedule of accounts receivable for Pine Co. for May 31,201X.Journalize, record, and post when appropriate the following transactions in the general journal (all sales carry terms of 5/10, n/30):201XNov. 16 Sold merchandise on account to Pearl Co., invoice no. 1, $920.18 Sold ...Bill Haas has opened Ciabatta and Whatnot, a wholesale grocery and bread company. The following transactions occurred in January:201XJan. 1 Sold grocery merchandise to Cindi Co. on account, $900, invoice no. 1.4 Sold bread ...Journalize the following transactions:a. Issued credit memo no. 2, $44, to Pam Co.b. Cash sales, $184.c. Received check from Mark Co., $50, less 1% discount.d. Bought merchandise on account from Mellow Co., $36, invoice no. ...
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