On 10/31/20 Chulo Corp. had credit card sales of $1,500. The credit card company charges a...
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On 10/31/20 Chulo Corp. had credit card sales of $1,500. The credit card company charges a 2% fee for all credit card transactions. What journal entry should Chulo Corp. record with respect to the credit card sales? 10/31/20 On 4/15/20, Beehive Corp. sells inventory to Erickson Incorporated on account with terms 3/15, n/80. The total sales price is $42,000. Erickson Incorporated delivers a check to Beehive on 4/26/20. What journal entry will Beehive Corp. record on 4/26/20 when the check is received? 4/26/20 On 8/20/20 Anniversary Company sold Inventory for $32,000 cash. On 8/31/20, the customer returned half of the inventory and was given cash for the return. What journal entry should Anniversary Company record on the return date related to the revenues previously recognized for this sale? (You may ignore the journal entry associated with the inventory itself) 8/31/20 On 10/31/20 Chulo Corp. had credit card sales of $1,500. The credit card company charges a 2% fee for all credit card transactions. What journal entry should Chulo Corp. record with respect to the credit card sales? 10/31/20 On 4/15/20, Beehive Corp. sells inventory to Erickson Incorporated on account with terms 3/15, n/80. The total sales price is $42,000. Erickson Incorporated delivers a check to Beehive on 4/26/20. What journal entry will Beehive Corp. record on 4/26/20 when the check is received? 4/26/20 On 8/20/20 Anniversary Company sold Inventory for $32,000 cash. On 8/31/20, the customer returned half of the inventory and was given cash for the return. What journal entry should Anniversary Company record on the return date related to the revenues previously recognized for this sale? (You may ignore the journal entry associated with the inventory itself) 8/31/20
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Related Book For
Horngrens Accounting
ISBN: 978-0133855371
10th Canadian edition Volume 1
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura, Carol A. Meissner, Jo Ann L. Johnston, Peter R. Norwood
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