Question: please help me with this asap please On September 3. Kipawa Corporation sold 30,000 of merchandise to Kipling in terms 1/30, Kipawa uses a perpetua

please help me with this asap please

On September 3. Kipawa Corporation sold 30,000 of merchandise to Kipling in terms 1/30, Kipawa uses a perpetua inventory system and the cost of the goods sold was 518,000. Kipawa's management expects a return vate of Instructions Record the appropriate transactions on Kipawa's books assuming that the company uses a perpetual inventory system

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

On September 3, Kipawa Corporation sold 30,000 of merchandise to Kipling Inc., terms n/30. Kipawa uses a perpetual inventory system and the cost of the goods sold was $18,000. Kipawa's management...

Comple 26101_cured 4129031092,18 QUESTION 4 On September 3, Kipawa Corporation sold 3000 of merchandise toping term paper eventory $18,000 Kipaws management expectate of S Instructions For the bar,...

please help me with these ASAP. Please please QUESTION 1 The measurement principle that says assets are reported at the price that would be received if the item were sold is called going concern....

Please help answer any of the questions 12,800 4.800 $33850 Rockford Corporation is a wholesale plumbing supply distributor. The corporation was organized in 1981, under the laws of the State of...

Please help answer these questions and problem Quiz 2 Multiple choice (5 pts each) (highlight or clearly mark your answer) In a good internal control system, which of the following documents are...

I really need an answer for module 3 entries (June 17-30) and midterm evaluation and final evaluation. I need them asap please help. Zacks Bike Hut Level II 1st Web-Based Edition Introduction Page 1...

Can Someone please help with this part: % Comp6-1 (similar to) Question Help The Harris Lamp Company (HLC) is a wholesale company that purchases lamps from the manufacturer and resells them to retail...

please any solution will help me out please help this my final THE FANTASTIC DRESS SHOP PAYROLL REGISTER JANUARY AND FEBRUARY 201X Earnings Allow and Marital Status Employees Cum. Earnings Salary Reg...

What security can be used for a loan, and what percentages of its value do banks typically lend?

Velcro Inc. began business in 2021. In preparing Velcro's financial statements and income tax return for 2022, you discovered the following: . . . . Velcro Inc. leased part of its office building to...

magnetic disk are nonvolatile, thearing that intormation womes. True False

If the following join statement is used to join two tables in a query, which of the following tables would all of the tuples in the relation appear in results? left join university.students on...