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zysi [14]
2 years ago
11

Maya Company reports the following amounts for the year ending on December 31, 2004:Merchandise Inventory, January 1, 2004 : $70

,000 Cost of Transportation : $2,300Invoice Cost of Merchandise Purchases : $195,000 Purchase Returns and Allowances: $4,650Purchase Discounts Received: $3,500 Cost of Goods Sold: $158,700Cost of merchandise returned by customers and restored to inventory: $17,300Calculate the Merchandise Inventory, December 31, 2004.A) $117,750B) $83,150C) $45,150D) $113,150E) $129,450
Business
1 answer:
Sveta_85 [38]2 years ago
8 0

Answer:

$117,750

Explanation:

Maya Company Merchandise Inventory for the year ended December 31 2004

Merchandise inventory at the beginning $70,000

Add: Cost of transportation 2,300

Merchandise Purchase 195,000

Less: Purchase return and allowances (4,650)

Discount on purchase (3,500)

Cost of goods sold (158,700)

Add: Merchandise return 17,300

Merchandise inventory $117,750

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Explanation:

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2 years ago
Power Inc. has two divisions, Windsor and Ridge. Following is the income statement for the past month: Windsor Ridge Total Sales
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3 years ago
Your brother is starting 9th grade next year and is thinking about going to college. What steps would you recommend he take?
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1.Notes Payable  D

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2. Mortgage Payable D

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  • A debit is an accounting entry that may either increases an asset or expense account,
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  • A credit is an accounting entry that may either increases a liability or equity account,
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