Metro Sports Distributors had this transaction that occurred on June 15. Instructions 1. Analyze the sales slip
Question:
Metro Sports Distributors had this transaction that occurred on June 15.
Instructions
1. Analyze the sales slip shown. In your working papers, record the required entry on page 3 of the sales journal.
2. Post to the customer’s account in the accounts receivable subsidiary ledger.
Transcribed Image Text:
METRO SPORTS DISTRIBUTORS Kingston Mall, Williamsburg, Virginia 23185 M&M Consultants 2816 Mt. Odin Drive Williamsburg, VA 23185 CASH CHARGE TERMS ✓ 3/15, n/45 UNIT QTY. DESCRIPTION PRICE AMOUNT 10 Golf Bags $ 50.00 $ 500 00 2 doz. Ladies Golf Shirts 100.00/doz 200 00 20 Golf Caps 6.00 120 00 SUBTOTAL $ 820 00 SALES TAX 41 00 Thank You! TOTAL $861 00 DATE: June 15, 20-- SOLD TO CLERK RDP NO. 113
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 64% (14 reviews)
ANSWER Based on the information provided the required entry on page 3 of the sales ...View the full answer
Answered By
Churchil Mino
I have been a tutor for 2 years and have experience working with students of all ages and abilities. I am comfortable working with students one-on-one or in small groups, and am able to adapt my teaching style to meet the needs of each individual. I am patient and supportive, and my goal is to help my students succeed.
I have a strong background in math and science, and have tutored students in these subjects at all levels, from elementary school to college. I have also helped students prepare for standardized tests such as the SAT and ACT. In addition to academic tutoring, I have also worked as a swim coach and a camp counselor, and have experience working with children with special needs.
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
A customer account in the accounts receivable subsidiary ledger of Landon Old Company follows. Describe the three posted transactions. ACOB WAITS Balance Date Post.Rf. DebCredit Debit Credit Nov. 1 9...
-
A customer account in the accounts receivable subsidiary ledger of Kettle Office Supplies follows: Required Describe the three posted transactions. 112590 Debit Balance 1,600 6,320 5,560 2,760 Beaver...
-
Blanchard Company's accounts receivable subsidiary ledger reveals the following information: Blanchard Company's receivable collection experience indicates that, on average, losses have occurred as...
-
make a stored procedure called projects_at_this_location that receives a location and returns the projects (if any) at that location as shown in the following sample run: (2 points) exec...
-
The statements of cash flows for RONA Inc. are presented in Exhibit 5-21. (RONA operates approximately 700 stores of various sizes and formats across Canada and is the largest Canadian distributor...
-
An article at Mobilize.org reported that the median credit-card balance for undergraduate students was \(\$ 1770\) for those who carried a balance from month to month. A professor at a community...
-
Determine an expression for the vorticity of the flow field described by \[ \mathbf{V}=-x y^{3} \hat{\mathbf{i}}+y^{4} \hat{\mathbf{j}} \] Is the flow irrotational?
-
Suppose 100 cars will be offered on the used-car market, 50 of them good cars, each worth $10,000 to a buyer, and 50 of them lemons, each worth $2,000. a. Compute a buyer's maximum willingness to pay...
-
If you calculated the present value (PV) of $500 to be received at the end of 6 years using a required return (discount rate, interest rate) of 10% per year, compounded semiannually. you would get...
-
Giant pharmaceutical manufacturers such as Merck & Company and Pfizer have traditionally relied heavily on the doctor-to-patient channel to promote their products. In essence, this channel structure...
-
A form prepared by the customer showing the price deducted taken by the customer for a return is a a. Purchases Discount. b. Sales Return. c. Credit Memorandum. d. Debit Memorandum.
-
You work for Equestrian StepsHorse Boarding and Lessons. During an equestrian competition last weekend, you purchased grain on account from the local feed store for $85 plus 6% sales tax. On a...
-
How should exchange traded funds (ETF) and other commodities be treated from an investment standpoint? What is their main value? Explain.
-
In 1929, U.S. GDP was, adjusted for inflation, $1,056.6 billion. The following year it was, also adjusted for inflation, $966.7 billion. What was the growth rate of U.S. in 1930? (Do not type the...
-
Table of Interest Rates: Time Period Oyly Oy2y 0v3y lyly 2yly Consider the following bond: Exactly 3 years to maturity 9.7% coupon rate, paid annually $100 par value Bond is callable in exactly 1...
-
An amount of $13,500.00 is deposited into an account today, it is expected to mcrease to a maturity value of $15,349.34 in 6.5 years from now. What is the nominal interest rate compounded quarterly?...
-
Royal Lawncare Company produces and sells two packaged products Weed ban and Green grow. Revenue and cost information relating to the products follow: Product Weed ban Green grow Selling price per...
-
A 50 cm x 30 cm x 20 cm block weighing 150 N should be moved at a constant speed of 0.8 m/s up an oblique plan with a coefficient of friction f= 0.27. a) Determine the force F required in the...
-
Which two of the functions f(x) = 1, g(x) = x, h(a) = sin x are closest to each other on the interval [0, 1 ] under (a) The L1 norm? (b) The L2 norm? (c) The Lx norm?
-
Pappa's Appliances uses the periodic inventory system. Details regarding the inventory of appliances at January 1, purchases invoices during the year, and the inventory count at December 31 are...
-
Read The Nonprofit Clinic at the University of Pittsburgh: preparing students for transition to professional settings by K. Kearns. (See Articles.) What were some of the risks that students and...
-
Read The Nonprofit Clinic at the University of Pittsburgh: preparing students for transition to professional settings by K. Kearns. (See Articles.) What were some of the benefits achieved through the...
-
If you had $25 to give today to any nonprofit organization, which one would it be? Now, imagine that you are 75 years old and have $1,000,000 to give to an organization at the event of your...
-
The highest WACC is 11%, the baseline WACC is 7.4% and lowest WACCS is 2.8%. To derive a WACC that better accounts for extreme scenarios, you decide to assign the following probability weights: High-...
-
Give 2 examples of the ff: Statutory law Regulatory law Common law Include the title of each example and explain why you chose these examples ( 1 to 2 sentences ) . Note: Write your reference ( s )
-
The Adams family includes a financially well-informed couple, both aged 36, and two children aged 4 and 6. The family is financially sound but suffered badly during the tech meltdown in 2000. The...
Study smarter with the SolutionInn App