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xxMikexx [17]
3 years ago
12

On June 10, Sheridan Company purchased $7,700 of merchandise from Crane Company, terms 3/10, n/30. Sheridan Company pays the fre

ight costs of $430 on June 11. Goods totaling $800 are returned to Crane Company for credit on June 12. On June 19, Sheridan Company pays Crane Company in full, less the purchase discount. Both companies use a perpetual inventory system.Prepare separate entries for each transaction on the books of Sheridan Company.
Business
1 answer:
sveta [45]3 years ago
4 0

Answer:

Sheridan Company journal entries:

June 10

  • Dr Merchandise inventory 7,700  
  • Cr Accounts payable 7,700

June 11  

  • Dr Merchandise inventory 430
  • Cr Cash 430

June 12  

  • Dr Accounts payable 800
  • Cr Merchandise inventory 800

June 19

  • Dr Accounts payable 6,900
  • Cr Cash 6,693
  • Cr Merchandise inventory 207

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Answer:

E) Congressional incumbents

Explanation:

PAC money is directed primarily toward congressional incumbents, and this can easily be verified on the web. For example, both Nancy Pelosi, a democrat, and Brian Fritzpatrick, a republican, are among the top incumbents by number of money received from PACs, thus, party affiliation is not as important as it is incumbent status.

This is probably because incumbents are more likely to win elections, whether in the senate, the house, or even, the presidency.

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3 years ago
At the beginning of the year, a company's balance sheet reported the following balances: Total Assets = $175,000; Total Liabilit
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Answer:

$88,000

Explanation:

The computation of the ending balance of the retained earning balance is shown below:

As we know that

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where,

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7 0
3 years ago
Is Starbucks bucking the trend of other food-service stores?
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5 0
2 years ago
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Answer:

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5 0
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