On November 10, 201X, a voucher for $970 for merchandise purchased from Beverly Company was prepared by Nathan Corporation. On November 14, Nathan decided to return the merchandise due to poor workmanship. The price of the defective merchandise was $620. Record the entries in general journal form for November 10 and 14.
Answer to relevant QuestionsOn October 15, 201X, Austin Company prepared a voucher no. 88 to record the purchase of equipment for $860. On October 18, Austin Company decided to pay $860 in two equal installments. (Voucher nos. 89 and 90 were prepared.) ...The Stearns Company uses a voucher system and records invoices at gross. Record the following transactions in the voucher register and/or check register as appropriate:201XDec. 1 Voucher no. 400 was prepared for the purchase ...Given the following, calculate netincome:The cost of rent of $6,000 for Wilberg Company is appropriated to each department based on its sales. Given the following, assign the cost of rent to eachdepartment:From the following data, prepare in proper form an income statement showing departmental gross profit (assume a 30% tax rate) for Accelerated Stop for the year ended December 31, 201X:Cash ...
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