Question: Need answers to B and C exercise 6.10 Chapter 6 Merchandising Activities Golf World sold merchandise to Mulligans for $10,000, offering terms of 1/15, n/30.

Need answers to B and C exercise 6.10

Chapter 6 Merchandising Activities Golf World sold merchandise to Mulligans for $10,000, offering terms of 1/15, n/30. Mulli a. Prepare journal entries in the accounting records of Golf World to account for this sale ands paid for the merchandise within the discount period. Both companies use perpetual inver systems subsequent collection. Assume the original cost of the merchandise to Golf World ha ee $6,500. b. Prepare journal entries in the accounting records of Mulligans to account for the purchase au subsequent payment. Mulligans records purchases of merchandise at net cost Assume that, because of a change in personnel, Mulligans failed to pay for this merchandse within the discount period. Prepare the journal entry in the accounting records of Mulligansi record payment after the discount period. c. This selected information is from recent annual reports of the two largest retail pharmacitia companies in the United States. (Dollar amounts are stated in billions.) Walgreen Rite Ald mnon Corpora Chapter 6 Merchandising Activities Golf World sold merchandise to Mulligans for $10,000, offering terms of 1/15, n/30. Mulli a. Prepare journal entries in the accounting records of Golf World to account for this sale ands paid for the merchandise within the discount period. Both companies use perpetual inver systems subsequent collection. Assume the original cost of the merchandise to Golf World ha ee $6,500. b. Prepare journal entries in the accounting records of Mulligans to account for the purchase au subsequent payment. Mulligans records purchases of merchandise at net cost Assume that, because of a change in personnel, Mulligans failed to pay for this merchandse within the discount period. Prepare the journal entry in the accounting records of Mulligansi record payment after the discount period. c. This selected information is from recent annual reports of the two largest retail pharmacitia companies in the United States. (Dollar amounts are stated in billions.) Walgreen Rite Ald mnon Corpora

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