Record the following transactions of Evelyns Designs in a general journal: DATE 20X1 April 1 9 15
Question:
Record the following transactions of Evelyn’s Designs in a general journal:
Transcribed Image Text:
DATE 20X1 April 1 9 15 17 24 TRANSACTIONS Purchased merchandise on credit from American Fabricators, Invoice 885, $2,000, terms 1/10, n/30; freight of $100 prepaid by American Fabricators and added to the invoice (total invoice amount, $2,100). Paid amount due to American Fabricators for the purchase of April 1, less the 1 percent discount, Check 457. Purchased merchandise on credit from Kalyagin Company, Invoice 145, $1,600, terms 1/10, n/30; freight of $50 prepaid by Kalyagin and added to the invoice. Returned damaged merchandise purchased on April 15 from Kalyagin Company; received Credit Memorandum 332 for $200. Paid the amount due to Kalyagin Company for the purchase of April 15, less the return on April 17, taking the 1 percent discount, Check 470.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 57% (7 reviews)
DATE ACCOUNTS AND EXPLANATIONS DEBIT CREDIT April 1 Merchandise Inventory 2100 Accounts Payable Amer...View the full answer
Answered By
Maurat Ivan
I have been working in the education and tutoring field for the past five years, and have gained a wealth of experience and knowledge in this area. I have a bachelor's degree in education, and have completed additional coursework in teaching and tutoring.
In my previous roles, I have worked as a teacher in both private and public schools, teaching a variety of subjects including math, science, and English. I have also worked as a private tutor, providing one-on-one tutoring to students in need of additional support and guidance.
In my current role, I work as an online tutor, providing virtual tutoring services to students around the world. I have experience using a variety of online tutoring platforms and technologies, and am comfortable working with students of all ages and skill levels.
I am passionate about helping students succeed and reach their full potential, and I believe that my education and tutoring experience make me an excellent candidate for a tutoring job at SolutionInn. I am confident that my knowledge, skills, and experience will enable me to provide top-quality tutoring services to students on the SolutionInn platform.
0.00
0 Reviews
10+ Question Solved
Related Book For
College Accounting A Contemporary Approach
ISBN: 9781260780352
5th Edition
Authors: David Haddock, John Price, Michael Farina
Question Posted:
Students also viewed these Business questions
-
Record the following transactions of Fashion Designs in a general journal: DATE TRANSACTIONS 2013 April 2 Sold merchandise for cash, $1,000 plus sales tax. 3 The customer purchasing merchandise for...
-
Record the following transactions of Duong Designs in a general journal: DATE TRANSACTIONS 2013 April 1 Purchased merchandise on credit from D'Rourke Fabricators, Invoice 885, $1,000, terms 2/10,...
-
Record the following transactions of Fashion Designs in a general journal: DATE TRANSACTIONS 2016 April 2 Sold merchandise for cash, $1,500 plus sales tax. 3 The customer purchasing merchandise for...
-
Modify BST to add a method rangeCount() that takes two keys as arguments and returns the number of keys in a BST between the two specified keys. Your method should take time proportional to the...
-
1. How would you relieve Janes anxiety? How is a course in organizational behavior going to make her a better manager? 2. Why did the professor start off with a brief overview of emerging challenges?...
-
Identify the products that are expected when the following triglyceride is hydrolyzed with aqueous sodium hydroxide.
-
Derive an expression for the natural frequencies for the lateral vibration of a uniform fixedfree beam.
-
On January 1, 2014, Oswalt Company had Accounts Receivable of $54,200 and Allowance for Doubtful Accounts of $3,700. Oswalt Company prepares financial statements annually. During the year, the...
-
3. Dollar General has a sale on a 12 pack of 12 ounce cans of Pepsi. Buy three for $11 and get a digital coupon for $2 off. It is also offering a sale on a 6 pack of 16.9 ounce bottles. Get four 6...
-
Stan Aiken changed employers during 2016 and, as a result of the change, moved 150 kilometers, from Windsor to London. His new employer was located in London and reimbursed 50 percent of Stan's...
-
Giovannis Pizza purchased merchandise on account from Restaurant Suppliers. The merchandise had a list price of $3,000, with trade discounts of 30 percent and 5 percent, terms n/30. What amount...
-
Record the following transactions of Beach Bikes in a general journal: DATE 20X1 April 1 2 4 7 30 TRANSACTIONS Purchased merchandise for cash, $2,510. Returned merchandise for cash purchased on April...
-
Use the Newton-Raphson method to find the repeated root of f (x) = (x 1) 3 with an error tolerance = 0.0001.
-
If you were to jump to the ground from a height of 2 meters, you'd likely injure yourself. But a pogo rider can do this repeatedly, bounce after bounce. How does the pogo stick make this possible? A....
-
Explain alternative methods for detecting unusual, extreme, or incorrect data values.
-
The owners of a motel discovered that a defective product was used during construction. It took seven months to correct the defects during which approximately 14 rooms in the 100 -unit motel were...
-
Define the elasticity of \(y\) with respect to \(x\) and explain its computation in the simple linear regression model when \(y\) and \(x\) are not transformed in any way, and when \(y\) and/or \(x\)...
-
Explain, intuitively and technically, why predictions for \(x\) values further from \(\bar{x}\) are less reliable.
-
Do you think the first column of delta yield is stationary? Why or why not? Run the following code to perform a PCA using the function princomp. By default,princomp does a PCA on the covariance...
-
Making use of the tables of atomic masses, find the velocity with which the products of the reaction B10 (n, ) Li7 come apart; the reaction proceeds via interaction of very slow neutrons with...
-
Prepaid insurance is the most common adjusting entry for a company. Use google.com to do a search of the various insurance companies that provide a variety of insurances to business. Try business...
-
The Income Summary and Linda Carter, Capital accounts for Carter Production Company at the end of its accounting period follow. Complete the following statements: 1. Total revenue for the period is...
-
The ledger accounts of AXX Internet Company appear as follows on March 31, 2019: All accounts have normal balances. Journalize and post the closing entries. Use 4 as the page number for the general...
-
Wendy runs a factory that makes stereo tuners. Each S100 takes 6 ounces of plastic and 4 ounces of metal. Each FS20 requires 3 ounces of plastic and 6 ounces of metal. The factory has 252 ounces of...
-
If the high temperature steam has a temperature of 2 9 7 . 7 K and the low temperature reservoir has a temperature of 1 4 7 . 8 K what is the carnot efficiency of this process
-
Discuss the innovative idea/project addressing the problem below by the following (a) potential impact - (b) novelty and innovation- (c) feasibility- (d) sustainability- Reference: i. Potential...
Study smarter with the SolutionInn App