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3 years ago

Partially correct answer iconYour answer is partially correct. This information relates to Windsor Co.

Business

1 answer:

I am Lyosha [343]3 years ago

4 0

1. Dr Merchandise inventory 25100

Cr Accounts payable 25100

(To record purchase of inventory on account)

2. Dr Merchandise inventory 530

Cr Cash 530

( To record freight cost )

3. No entry

4. Dr Accounts payable 3600

Cr Merchandise inventory 3600

( To record purchase return)

5. Dr Accounts payable ( 25100-3600) 21500

Cr Cash 21500

(To record paid the amount due).

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You are the manager of a clothing store. You must decide how many of your employees to put on the sales floor, and how many to p

Fiesta28 [93]

Answer:

c. 60 on the sales floor, 24 on the register.

Explanation:

Given that

The total number of employees to manage is 84

and w assume that the no of employees on the sales floor after having division be x

also the given condition is that there should be minimum of 2 employees for every 5 employees that worked on the sales floor

So that means

x ÷84 = 5 ÷ (5 + 2)

after solving this x = 60

So the no of employees on register is

= 84 - 60

= 24

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2 years ago

Prepare journal entries for Buffalo to record (1) the sale on March 10, 2020, (2) the return on March 25, 2020, and (3) any adju

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Answer:

1) Debit Account Receivable/Bank Account - Sales Amount

Credit Sales Account - Sales amount

Credit Inventory Account - Cost of the product

Debit Cost of Sales - Cost of the product

2) Debit Sales Account - Sales Amount

Credit Cost of Sales - cost of the product

Credit Account Receivable/ Bank - Refund Amount

Debit Inventory Account- Cost of the product

a)Any increase in returns over estimate

Debit Sales Account - Difference in sales Value

Credit Cost of Sales - Difference in cost of the product

Credit Account Receivable/ Bank - Difference Refund Amount

Debit Inventory Account- Difference in Cost of the product

b) Any Decrease in returns over estimate

Debit Sales Account - Decrease in Sales Amount

Credit Cost of Sales - Decrease in cost of the product

Credit Account Receivable/ Bank - Decrease in refund Amount

Debit Inventory Account- Decrease Cost of the product

Explanation:

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Answer:

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An inside director.

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