Vicente Company made sales using the following list prices and trade discounts. What amount should be recorded
Question:
1. List price of $800 and trade discount of 20 percent.
2. List price of $2,080 and trade discount of 40 percent.
3. List price of $1,500 and trade discount of 25 percent.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 62% (8 reviews)
1 List price 80000 Less discount 800 20 16000 Invo...View the full answer
Answered By
Daniel Kimutai
I am a competent academic expert who delivers excellent writing content from various subjects that pertain to academics. It includes Electronics engineering, History, Economics, Government, Management, IT, Religion, English, Psychology, Sociology, among others. By using Grammarly and Turnitin tools, I make sure that the writing content is original and delivered in time. For seven years, I have worked as a freelance writer, and many scholars have achieved their career dreams through my assistance.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
College Accounting A Contemporary Approach
ISBN: 978-0077639730
4th edition
Authors: David Haddock, John Price, Michael Farina
Question Posted:
Students also viewed these Accounting questions
-
Vanessa Company made sales using the following list prices and trade discounts. What amount should be recorded for each sale? 1. List price of $640 and trade discount of 20 percent. 2. List price of...
-
Amara Company made sales using the following list prices and trade discounts. What amount should be recorded for each sale? 1. List price of $540 and trade discount of 30 percent. 2. List price of...
-
Smallville Distributors, a wholesale firm, made sales using the following list prices and trade discounts. What amount should be recorded for each sale? 1. List price of $4,500 and trade discounts of...
-
$ 45.00 Direct material: 5 pounds at $9.00 per pound Direct labor: 3 hours at $14 per hour Variable overhead: 3 hours at $9 per hour Total standard variable cost per unit 42.00 27.00 $114.00 The...
-
Show that g(E) = (3N / 2)EF -3/2 E1/2 (Equation 27-30) follows from Equation 27-28 for g(E), and Equation 27-15a forEF. h? (3N)2/3 EF 8m (zV %3D 27-15a 87 2m2V g(E) = 27-28 87V2m2V 3N 8(E): 27-30 hi
-
A tropical country can produce winter coats, but there is no domestic demand for these coats. Explain how this country can gain from free trade in winter coats.
-
The following are four items that are traded internationally: wheat; computers; textiles; insurance. In which one of the four is each of the following most likely to have a comparative advantage:...
-
It is now January. The current interest rate is 5%. The June futures price for gold is $946.30, whereas the December futures price is $960.00. Is there an arbitrage opportunity here? If so, how would...
-
Peer and self evaluation should be completed immediately after your group has turned in its oral recorded presentation when you will be able to assess total individual group member participation....
-
Given the following five items, from a U.S. perspective what is the absolute value of items associated with the Financial Account on this list? (Omit currency symbols and commas in answer) Japanese...
-
Record the following transactions of Lisa's Fashion Boutique in a general journal. Lisa's Fashion Boutique operates in a state with no sales tax. DATE TRANSACTIONS 2019 Feb. 2 Sold merchandise...
-
Main Street Distributors, a wholesale firm, made sales using the following list prices and trade discounts. What amount should be recorded for each sale? 1. List price of $6,000 and trade discounts...
-
Why would either an industrial inquiry commission or a disputes inquiry board be established? When might one be used in preference to the other?
-
How does loreal company's supply chain management rank or compare with other companies a) within (take any company from cosmetic industry) and b) outside of its industry? ((take any company from any...
-
How does validating a selection test strengthen the defense of that test against a claim of disparate impact?
-
How does your leadership, coaching, and conflict management styles (core/adaptive leadership, collaborating conflict management style) work together as you lead and coach others?
-
How does acquisition planning help the COR get the best value for acquisition? It allows the COR to give new work to Contractors with whom they have worked before. It allows the COR to identify the...
-
7. A new composite material has been developed -- iron reinforced PVC (polyvinyl chloride). The following test results were obtained: Tissue Culture Cell growth normal in culture of muscle cells ...
-
What are at least three examples of prohibited transactions?
-
CdF2 (s) Cd+ (aq) + 2 F- (aq) 1. A saturated solution of CdF2 is prepared. The equilibrium in the solution is represented above. In the solution [Cd+] eq = 0.0585 M and [F-] eq = 0.117 M. a....
-
The Artisan Wines is a retail store selling vintage wines. On December 31, 2016, the firms general ledger contained the accounts and balances below. All account balances are normal....
-
Based on the information below, record the adjusting journal entries that must be made for June Kang Consulting Services on December 31, 2016. The company has a December 31 fiscal year-end. Use 18 as...
-
On June 1, 2016, Penelope Bermudez established her own advertising firm. Selected transactions for the first few days of June follow. DATETRANSACTIONS 2016 June 1Signed a lease for an office and...
-
A car of mass 772 kg is traveling 29.9 m/s when the driver applies the brakes, which lock the wheels. The car skids for 5.67 s in the positive x-direction before coming to rest. HINT (a) What is the...
-
A ball falls from height of 18.5 m, hits the floor, and rebounds vertically upward to height of 15.0 m. Assume that mball -0.400 kg. (a) What is the impulse (in kg m/s) delivered to the ball by the...
-
4. Discuss and explain the components in the following transaction between the Merchant and Bank. PIMD Hash Bank Hash POMD En- crypt Dual Sig. OIMD Customer's R 0 Customer's private key public key...
Study smarter with the SolutionInn App