Vicente Company made sales using the following list prices and trade discounts. What amount should be recorded
Question:
1. List price of $800 and trade discount of 20 percent.
2. List price of $2,080 and trade discount of 40 percent.
3. List price of $1,500 and trade discount of 25 percent.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 62% (8 reviews)
1 List price 80000 Less discount 800 20 16000 Invo...View the full answer
Answered By
Daniel Kimutai
I am a competent academic expert who delivers excellent writing content from various subjects that pertain to academics. It includes Electronics engineering, History, Economics, Government, Management, IT, Religion, English, Psychology, Sociology, among others. By using Grammarly and Turnitin tools, I make sure that the writing content is original and delivered in time. For seven years, I have worked as a freelance writer, and many scholars have achieved their career dreams through my assistance.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
College Accounting A Contemporary Approach
ISBN: 978-0077639730
4th edition
Authors: David Haddock, John Price, Michael Farina
Question Posted:
Students also viewed these Accounting questions
-
Vanessa Company made sales using the following list prices and trade discounts. What amount should be recorded for each sale? 1. List price of $640 and trade discount of 20 percent. 2. List price of...
-
Amara Company made sales using the following list prices and trade discounts. What amount should be recorded for each sale? 1. List price of $540 and trade discount of 30 percent. 2. List price of...
-
Smallville Distributors, a wholesale firm, made sales using the following list prices and trade discounts. What amount should be recorded for each sale? 1. List price of $4,500 and trade discounts of...
-
$ 45.00 Direct material: 5 pounds at $9.00 per pound Direct labor: 3 hours at $14 per hour Variable overhead: 3 hours at $9 per hour Total standard variable cost per unit 42.00 27.00 $114.00 The...
-
Show that g(E) = (3N / 2)EF -3/2 E1/2 (Equation 27-30) follows from Equation 27-28 for g(E), and Equation 27-15a forEF. h? (3N)2/3 EF 8m (zV %3D 27-15a 87 2m2V g(E) = 27-28 87V2m2V 3N 8(E): 27-30 hi
-
Product p = s t is formed from the two sets, in which s is a number from set Sand t is a number from set T. What is the probability that the product s t will be a positive number? S = {-5.-2,-1, 4}...
-
Determine the resultant internal normal force acting on the cross section through point A in each column. In (a), segment BC weighs 180 lb ft and segment CD weighs 250 lb ft. In (b), the column has a...
-
Youre the CFO of the Overseas Sprocket Company, which imports a great deal of product from Europe and the Far East and is continually faced with exchange rate exposure on unfilled contracts. Harry...
-
HFA has two program departments, one for the treatment of ex - convicts who are drug users and the other for a job training program for ex - convicts. The treatment pro - gram hires 4 0 % of the...
-
Marx Industries had the following transactions. 1. Borrowed $5,000 from the bank by signing a note. 2. Paid $3,100 cash for a computer. 3. Purchased $850 of supplies on account. Instructions (a)...
-
Record the following transactions of Lisa's Fashion Boutique in a general journal. Lisa's Fashion Boutique operates in a state with no sales tax. DATE TRANSACTIONS 2019 Feb. 2 Sold merchandise...
-
Main Street Distributors, a wholesale firm, made sales using the following list prices and trade discounts. What amount should be recorded for each sale? 1. List price of $6,000 and trade discounts...
-
Selected accounts of Guitars by Peter, Inc., for the year ended December 31, 2012, follow: Requirement 1. Prepare the companys statement of retained earnings for theyear. Retained carnings Income...
-
Marigold Industries manufactures three products, Daisy, Rose, and Tulip. Traditionally, the accounting department has allocated indirect costs to four activity pools. Each pool has a unique...
-
Calculate the total mortgage cost for one year for bi-weekly mortgage payments of $654.22. $34 019.44 $7850.64 $17 009.72 $15 701.28 Question 6 (1 point) Calculate the property tax payment for $3578...
-
Perform an analytical review (ratio analysis) comparing the financial statements for 2022 and 2021 and identify the key financial ratios and the key accounts that the audit team should pay greater...
-
On November 1st, the company pays a local radio station $15,000 for 3 months of radio ads that are to be aired equally throughout November through January. Prepaid Advertising was debited on November...
-
Suppose that the total worldwide sales for a song album are approximated by the function: 200x x +5 where, S(x) = S(x) is the measured in millions of dollars; and x is the number of months since the...
-
An object has a rest energy of 1 J when its mass is a. 1.1 10 -17 kg b. 3.3 10 -9 kg c. 1 kg d. 9 10 16 kg
-
What is taxable income, and what is the formula for determining taxable income?
-
The Artisan Wines is a retail store selling vintage wines. On December 31, 2016, the firms general ledger contained the accounts and balances below. All account balances are normal....
-
Based on the information below, record the adjusting journal entries that must be made for June Kang Consulting Services on December 31, 2016. The company has a December 31 fiscal year-end. Use 18 as...
-
On June 1, 2016, Penelope Bermudez established her own advertising firm. Selected transactions for the first few days of June follow. DATETRANSACTIONS 2016 June 1Signed a lease for an office and...
-
Mrs. Sam Taffer was a brilliant engineer at IBM and made a lot of money from stock options. Since then, she has worked as a musician and raised her two sons. She wishes to have most of her property...
-
Miller Company ended its fiscal year on June 30, 2017. The company's adjusted trial balance as of the end of its fiscal year is shown below. MILLER COMPANY Adjusted Trial Balance June 30, 2017...
-
What depreciation method is used to write off property, plant and equipment? Regarding the triple bottom line, what information did the company disclose about environmental matters in the reports?...
Study smarter with the SolutionInn App