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elena55 [62]
3 years ago
5

Record the following transactions of Fashion Park in a general journal. Fashion Park must charge 8 percent sales tax on all sale

s. DATE TRANSACTIONS 2019 April 2 Sold merchandise for cash, $2,500 plus sales tax. 3 The customer purchasing merchandise for cash on April 2 returned $250 of the merchandise; provided a cash refund to the customer. 4 Sold merchandise on credit to Jordan Clark; issued Sales Slip 908 for $1,050 plus tax, terms n/30. 6 Accepted return of damaged merchandise from Jordan Clark; issued Credit Memorandum 302 for $150 plus tax. The original sale was made on Sales Slip 908 of April 4. 30 Received payment on account from Jordan Clark in payment of her purchase of April 4, less the return on April 6.

Business
1 answer:
skelet666 [1.2K]3 years ago
8 0

Given :

Apr-02  :

Cash = 2700

Sales  = 2500

Sales Tax Payable  = 200  

Apr-03 :

Sales returns and allowances  = 250

Apr-04:

Accounts receivable  = 1134

Apr-06:

Sales returns and allowances  = 150

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gtnhenbr [62]

Based on writing standards, the inquiry letter for purchase should begin with the sender's address and be written like a formal letter.

<h3>Structures of Letter of Inquiry.</h3>
  • The sender's address should be written at the beginning of the letter, followed by the receiver's address.

  • The letter must contain all the elements of the enquiring item, including their quantities.

  • There must be the date and address of the receiver included.

  • The letter's subject must be written clearly before the letter's content.

  • Ensure you provide the expected salutation at the beginning of the letter.

  • Write clearly and straightforward.

  • Provide reasons and inquiry descriptions.

  • Add your signature, name, and designation at the end of the letter.

Hence, in this case, it is concluded that there are specific ways to write a good inquiry letter.

Learn more about Inquiry Letter here: brainly.com/question/4208084

4 0
2 years ago
he nation of Pecunia had a current account deficit of ​$ billion and a nonreserve financial account surplus of ​$ million in 201
Andrei [34K]

Answer: -$500,000,000

Explanation:

The Balance of payment is an account that shows the difference between the money coming into a country as a result of transactions with other nations and money going out for the same reason.

Given the figures in the question, the Balance of Payments is;

= Current Account balance + Nonreserve financial account balance

= -1,000,000,000 + 500,000,000

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4 0
3 years ago
A plant asset was purchased on January 1 for $140000 with an estimated salvage value of $20000 at the end of its useful life. Th
alukav5142 [94]

Answer:

useful life= 12 years

Explanation:

Giving the following information:

Purchase price= $140,000

Salvage value= $20,000

Annual depreciation= $10,000

<u>To calculate the useful life, we need to use the straight-line method formula:</u>

Annual depreciation= (original cost - salvage value)/estimated life (years)

10,000= (140,00 - 20,000) / useful life

10,000useful life = 120,000

useful life= 120,000 / 10,000

useful life= 12 years

4 0
3 years ago
Lee Siracca owns two horses, brews his own beer, participates in the civic arts commission, enjoys talk radio, hikes on wilderne
brilliants [131]

Answer:

component lifestyle

Explanation:

Component lifestyle -

It refers to the method of selectively buy certain services and goods , which are up to the mark of his or style or interest , is referred to as component lifestyle .

These type of people are very specific and selective in nature .

Hence , require the characteristic features of their likes and dislikes , while choosing any product .

Hence, from the given scenario of the question ,

The correct term is component lifestyle .

5 0
3 years ago
Which of the following integrates the functions of operations management, logistics management, supply management, and marketing
kolbaska11 [484]

Answer:

A. supply-chain management

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4 0
2 years ago
Read 2 more answers
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