Review the following transactions for Birdy Birdhouses and record any required journal entries. Sep. 6 Sep. 8
Question:
Review the following transactions for Birdy Birdhouses and record any required journal entries.
Transcribed Image Text:
Sep. 6 Sep. 8 Sep. 10 Sep. 18 Birdy Birdhouses purchases 55 birdhouses at $40 each with cash. Birdy Birdhouses purchases 80 birdhouses at $45 each on credit. Terms of the purchase are 2/10, n/30, invoice date September 8. Birdy discovers 10 of the birdhouses are damaged from the Sept 6 purchase and returns them to the supplier for a full refund. Birdy also discovers that 10 of the birdhouses from the Sept 8 purchase are painted the wrong color but keeps them since the supplier granted an allowance of $20 per birdhouse. Birdy pays their account in full from the September 8 purchase, less any returns, allowances, and/or discounts.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 57% (14 reviews)
Sept 6 Debit Cash 2200 55 x 40 Credit Inventory 2200 Sept 8 ...View the full answer
Answered By
Hande Dereli
Enthusiastic tutor, skilled in ACT and SAT tutoring. Raised one student's score on the SATs from 1100 combined to 1400. Graduated with a 3.9 GPA from Davidson College and led a popular peer tutoring group for three years. Scored in the top 0.06% in the nation on the SATs. The real reason I'm the one to help you nail the test? Results. Clients invariably praise my ability to listen and communicate in a low-stress, fun way. I think it's that great interaction that lets me raise retest SAT scores an average of 300 points.
0.00
0 Reviews
10+ Question Solved
Related Book For
Principles Of Accounting Volume 1 Financial Accounting
ISBN: 9781593995942
1st Edition
Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax
Question Posted:
Students also viewed these Business questions
-
Review the following transactions for Birdy Birdhouses and record any required journal entries. Sep. 6 Sep. 8 Sep. 10 Sep. 18 Birdy Birdhouses purchases 57 birdhouses at $46 each with cash. Birdy...
-
Review the following sales transactions for Birdy Birdhouses and record any required journal entries. Aug. 10 Aug. 12 Aug. 14 Aug. 20 Birdy Birdhouses sells 20 birdhouses to customer Julia Brand at a...
-
Review the following transactions for Dish Mart and record any required journal entries. Note that all purchase transactions are with the same supplier. Nov. 5 Nov. 9 Nov. 13 Dish Mart discovers 15...
-
Scenic Ventures is considering an investment in a start-up firm offering ecotourism excursions in Costa Rica. Scenic Ventures estimates that, if the venture is successful, the ecotourism company will...
-
Many who use pirated software and illegal downloads of music and movies believe their actions are harmless. Identify some downsides for individuals and the economy of violating intellectual property...
-
Consider sender 2 in Figure 7.6. What is the sender's output to the channel (before it is added to the signal from sender 1). Z 2 i,m ? Figure 7.6 Senders T 3510g no 150 299R INRITOnini d=-1 Data...
-
What would be the procedure for producing uniform workplace illuminance when both sidelighting and skylighting are used simultaneously?
-
The BOM for product A is shown in Figure. The MPS for product A calls for 120 units to be started in weeks 2, 4, 5, and 8. Table shows data from the inventory records. Develop the material...
-
Haulage Co Pte Ltd ('Haulco') conducts a transportation business carrying goods and containers. Year One In February (February 1 to be specific) Haulco purchases a large truck (known in the trade as...
-
A storeroom is used to organize items stored in it on N shelves. Shelves are numbered from 0 to N-1. The K-th shelf is dedicated to items of only one type, denoted by a positive integer A[K]....
-
Record journal entries for the following purchase transactions of Flower Company. Oct. 13 Oct. 20 Oct. 30 Purchased 85 bushels of flowers with cash for $1,300. Purchased 240 bushels of flowers for...
-
On April 5, a customer returns 20 bicycles with a sales price of $250 per bike to Barrio Bikes. Each bike cost Barrio Bikes $100. The customer had yet to pay on their account. The bikes are in...
-
What is the mixed-strategy Nash equilibrium for the game in Exercise 1.7?
-
You are being asked to compose an extended visual analysis. Take a little while to browse the images and choose one that will be the subject of your essay. After you have chosen an image, take some...
-
Calculate the equivalent resistance Rab (i.e., seen across the terminals a and b) for the circuits shown in the figures below. a b a b 4 36 30 www 14 www (a) 16 20 26 www 18 6 (b) www 12 10...
-
Question 5 The following information pertains to Questions 5 - 6. Consider the design of a single stub matching network (MN) for Z = (40+ j 30) 2 and Z = 50 2. Assume a shunt short-circuited stub....
-
The complex electric field of a time harmonic field in free space is given by X E = a 100 (1 + j) e-j(2/5) x Assuming the distance x is measured in meters, find the: (a) (4 points) wavelength in...
-
Electronics Incorporated purchased 120 computers from its supplier on credit at a cost of $400 per computer (total cost of $48,000). The computers were purchased to be held for sale to customers...
-
Let X = [l -2 1 6] in R4, and let U = span{[2 1 3 -4], [1 2 0 1]}. (a) Compute projU(X). (b) Use the basis in part (b) to compute ProjU(X).
-
Complete the equations for the following equilibria and calculate Keq where the Keq expression includes [HO]. Be sure to enter Keq in proper scientific notation. (a) ammonia (acting as a base) reacts...
-
Explain the total cost approach and why it may cause conflicts in some firms. Give examples of how conflicts might occur between different departments.
-
Discuss why economies of scale in transportation might encourage a producer to include a regional merchant wholesaler in the channel of distribution for its consumer product.
-
Discuss some of the ways that air transportation can change other aspects of a Place system.
-
Child and his sled ( m = 4 0 kg ) are moving on ice ( assume frictionless ) at 1 2 m / s and then hit a patch of grass and ice with a coefficient of friction of 0 . 5 5 . How far will the child and...
-
A population of punishers is described by the DTDS ++1=-0.8.x,+1800 where x is the density after t weeks. FIND the general Solution of the DTDS if initially o=4000
-
The diagram below shows two point charges, A & B. The charge of A is 2.5 nC & the charge of B is 2.8 nC. Determine the magnitude & direction of the net E-field at point P. The distance between A & P...
Study smarter with the SolutionInn App