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?...
-
Refer to Figure 7.1.4a, and suppose that p1 - p2 = 10 lb/in.2, A = 3 in.2, and mg = 600 lb. If the mass starts from rest at x(0) = 0, how far will it move in 0.5 sec, and how much hydraulic fluid...
-
Solve the following initial value problem using Laplace transform: (a) \[\frac{d y}{d t}=-y+e^{-3 t}, \quad y(0)=2\] (b) \[\frac{d y}{d t}+11 y=3, \quad y(0)=-2\] (c) \[\frac{d y}{d t}+2 y=2 e^{7 t},...
-
Amortization of Intangibles For each of the following intangible assets , indicate the amount of amortization expense that should be recorded for the year 2010 and the amount of accumulated...
-
Create a transition table for the following DFA: 1 90 0 91 1 0 92 1
-
Are you willing to sacrifice your civil liberties in the name of homeland security? 1. State your position 2. Specify which civil liberty or liberties you are referring to 3. Explain why you feel...
-
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...
-
How does a firm use financial ratios? Who else might use financial ratios and why?
-
Navy Federal Credit Union and Bank of America and gather information regarding start-up financing and determine their requirements to make a loan to a small business. What are their lending...
-
Please discuss stock valuations, provide examples of how a company uses them, and presents 3 methodologies to calculate the stock value. 1) Briefly compare and contrast the Dividend Discount Model...
-
Describe the customer service process for McDonalds branch in Canada . Furthermore estimate the branch's capacity and briefly describe what main challenges are in managing the capacity.
-
Hee Won Couture has an all-equity capital structure with an equity value of $238,600. The expected earnings are $52,400 based on estimated sales of $300,000. The firm pays no taxes and can borrow at...
-
Stock Values (LO1) The next dividend payment by Kilbride Inc. will be $1.89 per share. The dividends are anticipated to maintain a 5% growth rate forever. If the stock currently sells for $38.00 per...
-
Let E(n) be the statement that in a triangulation of a simple polygon with n sides, at least one of the triangles in the triangulation has two sides bordering the exterior of the polygon. a) Explain...
-
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...
-
what's the difference between formal meeting minutes and informal meeting minutes ?
-
When should minutes of meetings and other follow-up documentation be distributed, and to whom?
-
Why is it necessary for minutes of meetings to be stored either electronically or in hard copy? Provide reference
Study smarter with the SolutionInn App