Answer:
B
Explanation:
The list of the items
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-Guesty
Answer:
e. Merchandise Inventory Debit 19,982
Accounts Payable Credit 19,982
Explanation:
In a perpetual inventory system, the inventory account is used to record purchases and cost of goods sold. Inventory counts are conducted on periodic basis and the inventory quantities are matched with inventory records and any differences are adjusted.
Since Morgan Inc. also uses the net method to record purchases, any discounts allowed are considered to have been received.
In this question, the terms are 3/10, n/30 which means that a 3 % discount is allowed on payment within 10 days and if not then the payment has to be done within 30 days.
Considering a 3 % discount on the purchase value of $ 20,600, the entry to be recorded shall be at a value of $ 19,608 (20,600-618)
Answer:
True.
Explanation:
In word processing software, there will be a default style applied to all text that can then be modified to fit your document.
Answer:
so!!! keep on learning,you can do it,and keep up the good work
A person who does research and analysis of private companies. they preform due diligence, financial modeling and valuation of the companies where investors are willing to invest