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konstantin123 [22]
3 years ago
6

The Wilson Company purchased $35,000 of merchandise from the Poole Wholesale Company. Wilson also paid $2,800 for freight costs

to have the goods shipped to its location.Which of the following statements regarding the necessary entries for the transactions is true? Wilson uses a perpetual inventory system.
A. Total debits to the inventory account would be $37,800.
B. Total debits to the inventory account would be $35,000.
C. Transportation-in would be debited for $2,800.
D. Total debits to the inventory account would be $2,800
Business
1 answer:
Olin [163]3 years ago
4 0

Answer:

Option A, total debits to the inventory account would be $37,800, is correct

Explanation:

The cost of the merchandise inventory to Wilson Company is the cost of the inventory purchased and the freight-in cost.

In other words, the amount to be recognized in merchandise inventory account is the sum of both amounts i.e $35,000+$2800=$37,800

This would be debited to merchandise inventory and $2,800 would be credited to the cash account while $35,000 is credited to accounts payable

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dimulka [17.4K]

Answer:

reward system; culture

Explanation:

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Goodwill is: Group of answer choices Amortized over the greater of its estimated life or forty years. Only recorded by the selle
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Explanation:

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8 0
2 years ago
The U.S. Post Office charges 40 cents for the first ounce and 25 cents per ounce for each additional ounce. Use an inequality to
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Answer:

15 ounces.

Explanation:

The first ounce is worth 0.40, and the additional x ounces are worth 0.25 each. So, the inequality should be Y > A + B * X, where Y is equal to 4, A is the value of the first ounce (0.4), B is the value of the additional ounces (0.25) and x is the quantity of additional ounces.

  • 4 > 0.4 + x * 0.25
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14 is the maximum of additional ounces that can be mailed, we have to add the first one, for a total of 15 whole ounces that can be mailed for no more than $4.

8 0
2 years ago
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Answer:

The answer is "Whenever a court requires him to use the res ipsa loquitur doctrine, he possibly would succeed".

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4 0
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Answer: 20,000 lawn mowers

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= 20,000 lawn mowers

8 0
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