1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Sonbull [250]
4 years ago
13

On June 5, Staley Electronics purchases 210 units of inventory on account for $21 each. After closer examination, Staley determi

nes 30 units are defective and returns them to its supplier for full credit on June 9. All remaining inventory is sold on account on June 16 for $37 each.
Business
1 answer:
fenix001 [56]4 years ago
7 0

Answer:

journal entry for every date be below

Explanation:

solution

journal entry for every date is here

date          particular                                             Debit                 credit

June 5      Purchase Inventory  ( 210× $21 )      $4410

                to cash/bank                                                                  $4410

       ( 210 inventory purchased at $21 each)

June 9      cash/bank A/c   ( 30 × $21 )                $630

                 Purchases Returns  (Inventory ) A/c                             $630

                 ( 30 inventory return )

June 16      cash/bank A/c  210 -30 × ($37 )        $6660

                  Cost of good sold 210 -30 × ($21 )    $3780

                  sales A/c 210 -30 × ($37 )                                              $6660

                 inventory A/c 210 -30 × ($21 )                                         $3780

                 remaining inventory sold at $37                      

You might be interested in
For the three years from early 2002 to early 2005, the euro maintained a strong and steady rise in value against the U.S. dollar
vodomira [7]

Answer:

The correct answer is C) large U.S. balance of payment surpluses

Explanation:

At the precise moment that a country imports more than it produces, it is forced to supply that difference by acquiring bank loans; otherwise, it is necessary to lend the accumulated surpluses. Therefore, if there is a deficit within the country balance, it can be said that the behavior of the financial balance will be positive.

8 0
3 years ago
Read 2 more answers
Value chain analysis is a tool used to:
melamori03 [73]

Answer:

c)  understand the parts of the firm's operation that create value and those that do not.

Explanation:

Value chain analysis (VCA) is a process where a firm identifies its primary and support activities that add value to its final product and then analyze these activities to reduce costs or increase differentiation.

Value chain represents the internal activities a firm engages in when transforming inputs into outputs.

Value chain analysis is a strategy tool used to analyze internal firm activities. Its goal is to recognize, which activities are the most valuable (i.e. are the source of cost or differentiation advantage) to the firm and which ones could be improved to provide competitive advantage. In other words, by looking into internal activities, the analysis reveals where a firm’s competitive advantages or disadvantages are. The firm that competes through differentiation advantage will try to perform its activities better than competitors would do. If it competes through cost advantage, it will try to perform internal activities at lower costs than competitors would do. When a company is capable of producing goods at lower costs than the market price or to provide superior products, it earns profits.

7 0
4 years ago
True or false: Underapplied or overapplied overhead occurs because overhead is applied to jobs using a predetermined rate based
Masteriza [31]

There are different kinds of rules. Underapplied or overapplied overhead occurs because overhead is applied to jobs using a predetermined rate is a true statement.

<h3>What is Underapplied overhead?</h3>

This is known too be when the amount of a specific OH applied is said to be less than full amount of actual MOH for that specific period.

Overapplied overhead is known to be when the amount of OH applied is said to be more than full amount of actual MOH for that specific period.

Learn more about overapplied overhead  from

brainly.com/question/4930275

3 0
3 years ago
What 3 sources that offer specialized information on records management
Arada [10]

The correct answer to this open question is the following.

Although there are no options attached, we can say the following.

The three sources that offer specialized information on records management are accounting records, legal records, and personal records.

Keeping records in management is a very important activity that can prevent many hardships and sufferings.

When a manager keeps records correctly, it knows what to look for, where, why, and as soon as possible. Information is a key resource in companies, so knowing where to find it is of the utmost importance.

Legal records and accounting records are the foundation of corporations. Personal records help us to better control our personal information when needed or helps the Human Resources department to properly manage our information as employees.

4 0
3 years ago
As a homeowner under the jurisdiction of a homeowners' association (HOA), it is safe to assume that A. the HOA does not affect d
Ilia_Sergeevich [38]
The best and most correct answer among the choices provided by the question is the third choice. It is safe to assume when you <span>consult the HOA before planning a remodeling project. </span>I hope my answer has come to your help. God bless and have a nice day ahead!
6 0
4 years ago
Read 2 more answers
Other questions:
  • On January 2, 2020, Pull Corp. paid $516,000 for 24% (96,000 shares) of the outstanding common stock of Olivia Co. Pull used the
    9·1 answer
  • A vehicle pulls out onto a single-lane highway that has a flow rate of 300 veh/h (Poisson distributed). The driver of the vehicl
    15·1 answer
  • Randy’s Pizza delivers pizzas to dormitories and apartments near a major state university. The company's annual fixed costs are
    11·1 answer
  • How does a consumer know whether a purchase may be a good deal?
    5·1 answer
  • Haven Company uses the percentage of sales method for recording bad debts expense. For the year, cash sales are $600,000 and cre
    10·1 answer
  • A company's prime costs total $5,200,000 and its conversion costs total $9,200,000. if direct materials are $2,100,000 and facto
    8·1 answer
  • Use the following information for Jake Company: Sales Revenue .......................................... $2,000,000 Interest/Div
    14·1 answer
  • 2. Below are mixed SWOT factors of KFC case study. Fill the chart to Identify each SWOT factor. (2points each)
    12·1 answer
  • A university student database, which included social security numbers and other personal identifying information, is compromised
    5·1 answer
  • During the month of July, Falcon Industries has cash receipts of $2,000, $7,000, and $5,500 and makes cash payments of $1,800, $
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!