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kap26 [50]
3 years ago
14

Cleveland Company purchased $2,700 of inventory on account from Pinto Industries on March 8th. The terms were 2/15, n/45. Clevel

and also paid freight charges of $200 on March 9th and returned $450 of the inventory on March 13th. Journalize the entry to record the payment of the invoice on April 5th.
Business
1 answer:
Gala2k [10]3 years ago
4 0

Solution:

Accounts Payable          $2900

Cash                                $2691

Inventory                         $209

Cleveland didn't pay during the discount period,  

So the amount due is $2,700 - 450 = $2,250

Cash was charged in freight charges prior to delivery of the invoice.

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Assume that the company that John and Tina work for wants to give the $50 million to the political campaigns. Which of the follo
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Answer:

The correct answer is (d)

Explanation:

The first amendment has given political parties the right to speak and do political campaigns, and it had restricted government to stop them. Overall, the first amendment right is protecting political speeches and political campaigns. So, yes the first amendment right has demoted all the limits which restricted political parties to get funds from corporations.

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3 years ago
As trade becomes more widespread, specialization __________, which in turn ________ productivity.
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1 year ago
A transaction in which things of value are traded by buyers and sellers
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3 0
3 years ago
All of the following components are commonly found in a rental housing agreements except
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The answer is C. Renters' insurance is an excellent idea for tenants. But the decision to purchase is up to the renters. There are many options for coverage levels and companies available. The landlord should have property insurance, but the renter should also have their own insurance to cover their belongings.
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Read 2 more answers
11. (-/1 Points] DETAILS BRECMBC9 5.11.010.
Lisa [10]

Answer:

2190 ; 2560 ;

$778.2

Explanation:

Total worth of gasoline sold = 16003.50

Cost of regular = 3.30

Cost of premium = 3.45

Let :

premium Gallon sold = x

Regular gallon sold = 370 + x

Hence, mathematically;

(3.45*x) + (3.30 * (x + 370)) = 16003.50

3.45x + 3.30x + 1221 = 16003.50

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6.75x = 14782.5

x = 14782.5 / 6.75

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Premium Gallon sold = 2190 gallons

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Profit per regular gallon sold = $0.15

Progit per premium Gallon sold = $0.18

Total profit = (2190 * 0.18) + (2560 * 0.15) = $778.2

7 0
2 years ago
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