Answer:
The journal entries are as follows:
(i) On December 1,
Merchandise inventory A/c Dr. $5,700
To Account payable $5,700
(To record the merchandise purchase on account)
(ii) On December 6,
Account payable A/c Dr. $5,700
To cash $5,586
To Merchandise inventory $114
(To record the payment of merchandise within the discount period)
Workings:
Cash = 98% × $5,700
= $5,586
Answer:
net sales for the period by Bear's Retail Store: 11,515.8
Explanation:
From the sales revenues we will subtract the returns and discounts.
sales revenues
530
4,900
<u> 6,900 </u>
12,330
sales returns
690 (6,900 for 10 items the custoemr returns 1 item)
<u><em>sales discount on Nancy </em></u>
(6,900 - 690) x 2% = 124.2
net sales: 12,330 - 690 returns - 124.2 discount = 11.515,8
Answer:
$4,350
Explanation:
Calculation to determine the amount of Riley's casualty loss deduction
Using this formula
Casualty loss deduction=Adjusted basis - insurance reimbursement
Let plug in the formula
Casualty loss deduction=($5,675 − $1,325)
Casualty loss deduction=$4,350
Therefore the amount of Riley's casualty loss deduction is $4,350
The hand and foot are the most abused part of the body because they are used to perform majority of the functions and movements in individuals.
<h3>What is Movement? </h3>
This happens when an organism or object changes its position over time. The hand and foot are majorly involved in movement from one place to another.
They are also responsible in performing tedious physical activities which is why they are the most abused part of the body.
Read more about Hand and foot here brainly.com/question/22805216
Which of the following caught in or caught between hazard poses the greatest risk when working in excavations and trenches?
B.
Cave-ins