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ryzh [129]
4 years ago
11

Transactions for Buyer and Seller Shore Co. sold merchandise to Blue Star Co. on account, $110,500, terms FOB shipping point, 2/

10, n/30. The cost of the goods sold is $66,300. Shore paid freight of $1,900. Journalize Shore Co.'s entry for the sale, purchase, and payment of amount due.
Business
1 answer:
alisha [4.7K]4 years ago
5 0

Answer:

account receivable debit 110,500

sales revenue credit 110,500

freight-out debit 1,900

cash credit 1,900

COGS debit 66,300

inventory credit 66,300

Explanation:

the sales will be recorded as nominal, because there is no information about the customer taking the discount or paying within this period.

Because term are FOB shipping point, the freight corespond to shore Co

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Answer:

The correct answer is letter "A": importing.

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The management accountant at light manufacturing oversees the​ company's dayminustominusday operations at the firm. the manageme
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3 years ago
rick's pawn shop issued 11% bonds, dated january 1, with a face amount of $400,000 on january 1, 2022. the bonds sold for $370,0
geniusboy [140]

An unrealized gain of $5,412 from the change in the fair value of the debt.

<h3>How does general interest rate risk work?</h3>

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6 0
1 year ago
Which behaviors might lead someone to have a low credit score?
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hope this helps
8 0
3 years ago
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If the last data point in this chart is the accumulated total (1258), what will you do to set up the chart properly?
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Right click the last data point and select "Set as Total".

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