a. Bellezas del Mar purchased inventory from a large supplier. The supplier offered him a credit term
Question:
a. Bellezas del Mar purchased inventory from a large supplier. The supplier offered him a credit term of 3/10, n / 30. Indicate if this debt is an example of an account payable, long-term or short-term debt.
b. Adopciones y Más drew on 8 annual notes that amounted to $ 250,000 to be paid when the office it is building is completed. The company intends to pay $ 75,000 next year. What is considered that portion?
c. Pet Supply Co. issued a 65-day 7% note for $ 110,000 to Pets Co. Performs the payroll entry of the note and the entry of the note payment with interest.
d. Librería Especial issued an 80-day note at 11% for $ 2,000 in arrears. Make the salary entries of the note and the entry with the accumulated interest.
Managing Supply Chain and Operations An Integrative Approach
ISBN: 978-0132832403
1st edition
Authors: Thomas Foster, Scott E. Sampson, Cynthia Wallin, Scott W Webb