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Y_Kistochka [10]
2 years ago
8

Harry assigns his rights under a contract with irma to his college roommate, jake. neither harry nor jake notifies irma of the a

ssignment. the assignment group of answer choices will become effective after thirty days, even if no notice is given to irma. will not be effective until notice is given to irma. is invalid. is effective immediately.
Business
1 answer:
SVEN [57.7K]2 years ago
4 0

When Harry assigns his rights under a contract with Irma to his college roommate, Jake and neither Harry nor Jake notifies Irma of the assignment, it's invalid.

<h3>What is a contract?</h3>

It should be noted that a contract simply means a promise that's enforceable by law. It should be noted that a contract is legally binding.

Here, when Harry assigns his rights under a contract with Irma to his college roommate, Jake and neither Harry nor Jake notify Irma of the assignment, it's invalid. The other party was not informed.

Learn more about contract on:

brainly.com/question/5746834

#SPJ4

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The following selected transactions were completed by Amsterdam Supply Co., which sells office supplies primarily to wholesalers
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Answer: Please see answer in the expalantion column

Explanation:

To record merchandise sold on account

Date Account Titles and  Explanation        Debit     Credit

Mar 2 Accounts Receivable-Equinox Co $20,000  

                              Sales                                            $20,000.

To record cost of merchandise sold on account

Date Account Titles and  Explanation        Debit     Credit

Mar 2  Cost of Merchandise Sold        $13 150.00  

Merchandise Inventory                                            $13,150.00

To record merchandise sold for cash

Date Account Titles and  Explanation        Debit     Credit

Mar 3     Cash(10,950 + 657)                       $11,607.00

                           Sales                                                  $10,669.00

Sales Tax Payable(10,950 x 6%)                                   $657.00

To record cost of merchandise sold on account

Cost of Merchandise Sold                    $7,100.00  

Merchandise Inventory                                              $7,100.00

To record cost of merchandise sold on account

Date Account Titles and  Explanation        Debit     Credit

Mar 4 Accounts Receivable-Empire Co $51,450.00  

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To record cost of merchandise sold on account

  Cost of Merchandise Sold                $35,420.00  

Merchandise Inventory                                            $35,420.00

To record merchandise sold using Master card

Mar 5 Cash(27900 +1,674)                  $29,574

                            Sales                                               $27,900

Sales Tax Payable(27,900 x6%)                                $1,674

To record cost of merchandise sold using Mastercard

Cost of Merchandise Sold $18, 470.00  

Merchandise Inventory                                         $18,470.00

To record receipt of check from Equinox Co

Date Account Titles and  Explanation        Debit     Credit

Mar 12 Cash(20,000-200)                           $18,000 

Cost of merchandise sold (20,000 x 1%)        $ 200

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To record cost of merchandise sold using American Express

Date Account Titles and  Explanation        Debit     Credit

Mar 14 Cash                                        $12,380

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To record cost of merchandise sold on account

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To record  merchandise sold on Account

Date Account Titles and  Explanation        Debit     Credit

Mar 16 Accounts Receivable-Targhee Co  $28,500  

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Merchandise Inventory                                                 $14,690

To record credit memo  for returned merchandise

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To record  merchandise sold on Account

Date Account Titles and  Explanation        Debit     Credit

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To record cost of merchandise sold on account

Cost of Merchandise Sold                   $4,630  

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To record freight charges on behalf of Vista Co

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To record transaction of receipt of check from Vista co

Date Account Titles and  Explanation        Debit     Credit

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To record transaction of receipt of check from Empire Co

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To record payment of delivery for mechandise

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3 0
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Answer:

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