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
Basile [38]
3 years ago
12

Piper Company sells merchandise on account for $1,800 to Morton Company with credit terms of 2/10, n/30. Morton Company returns

$600 of merchandise that was damaged, along with a check to settle the account within the discount period. What entry does Piper Company make upon receipt of the check?
Business
1 answer:
NNADVOKAT [17]3 years ago
3 0

Answer:

The journal entry is as follows:

Cash A/c Dr. $1,176

Sales returns and allowances A/c Dr. $600

Sales discounts A/c Dr. $24

       To accounts receivable                $1,800

(To record the receipt of the check)

Workings:

Sales discount = 2% of ($1,800 - $600)

                        = 0.02 × $1,200

                        = $24

You might be interested in
BRAINLIEST REWARD
iren2701 [21]
1, 2, 3 I think would all be things she lost. Hope this helps!
4 0
3 years ago
Read 2 more answers
Maria Alverez has received a paycheck for $250, which she wishes to cash at her bank. She will need to use a blank endorsement o
nlexa [21]

She would need an Address an   Social Security number (or ITIN)  with a

Valid ID

8 0
3 years ago
Suppose Charlene Brewster has timesâ (in seconds) of 8.5â, 8.5â, 8.3â, 8.6â, 8.7â, 8.4 and a performance rating of 85â%.
professor190 [17]

Answer:

1. 10s

2. Slower than normal

Explanation:

1. To calculate the normal time, we first take the average of Charlene's observed times:

Average of Charlene's observed time = \frac{(8.5+8.5+8.3+8.6+8.7+8.4)}{6}= 8.5s

Her normal time is therefore: \frac{Average of Charlene's observed time}{performance rating} = \frac{8.5}{0.85} = 10s

2. Since no of Charlene's observed time is higher than normal time of 10s, we can therefore conclude that her work perfomance should be rated as slower than normal.

7 0
3 years ago
g The current ratio is a.a solvency measure that indicates the margin of safety for bondholders. b.used to evaluate a company's
adoni [48]

Answer:

b.used to evaluate a company's liquidity and short-term debt paying ability.

Explanation:

The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations or those due within one year. It tells investors and analysts how a company can maximize the current assets on its balance sheet to satisfy its current debt and other payables.

The current ratio is sometimes referred to as the “working capital” ratio and helps investors understand more about a company’s ability to cover its short-term debt with its current assets.

A company with a current ratio less than one does not, in many cases, have the capital on hand to meet its short-term obligations if they were all due at once, while a current ratio greater than one indicates the company has the financial resources to remain solvent in the short-term.

3 0
3 years ago
A cell phone provider charges felicia $50 per month for her plan plus $0.05 per min of long distance calls.if felicia wants to k
Sunny_sXe [5.5K]
$0.05m + $50>55

0.05 per minute plus $50 per month for the plan less than $55
7 0
3 years ago
Other questions:
  • During the current year, Martinez Company disposed of two different assets. On January 1, prior to their disposal, the accounts
    13·1 answer
  • The trend in the poverty rate since the mid 1960's___________.
    9·1 answer
  • List and describe three causes for shifts in the demand curve.
    7·1 answer
  • Your company receives advance payment in October for services that are provided during November. Which of the following statemen
    14·1 answer
  • For what type of financial aid can you apply through the FAFSA?
    7·2 answers
  • Margie has had a tough month.​ First, she had dental work that cost ​$700. ​Next, she had her car transmission​ rebuilt, which c
    5·2 answers
  • Assume that market and book values are equal for current assets, current liabilities, and debt and other long-term liabilities.
    5·1 answer
  • Activity-Based Costing: Selling and Administrative Expenses
    10·1 answer
  • Which of the following is an investigator’s commitment to the sponsor?
    9·1 answer
  • In Excel, how do you insert a chart in a selected cell like the image below?
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!