1. Purchased 12 large sacks of Chocolate Coated Coffee Beans from Klam Wholesalers for $390 each, terms...
Question:
1. Purchased 12 large sacks of Chocolate Coated Coffee Beans from Klam Wholesalers for $390 each, terms net 30. 2. Sold 12 packages of Thermal Coffee Mugs to Kava Java for $610 each, Invoice No. 339. 3. Made cash sale of 3 boxes of wrapped Chocolate Mints for $830 each. 4. Purchased 10 large sacks of Chocolate Coated Coffee Beans from Buena Vista Coffee for $450 each, terms 2/10, n/30. 5. Purchased 16 boxes of wrapped Chocolate Mints from Dominga Wholesalers for $500 each, terms net 30. 6. Sold 8 boxes of insulated Coffee Cup Lids to Central Coffee for $590 each, Invoice No. 340. 7. Made cash sale of 27 bags of Medium Roast Arabica Coffee Beans for a list price of $600 each. A trade discount of 20% applies 8. Received a purchase order from Con\'s Coffee to deliver 38 boxes of insulated Coffee Cup Lids to this customer for $590 each.
Financial and Managerial Accounting
ISBN: 978-0132497978
3rd Edition
Authors: Horngren, Harrison, Oliver