Answer:
$2,600 in the Accounts Receivable Dr./Sales Cr. column and $1,700 in the Cost of Goods Sold Dr./Inventory Cr. column.
Explanation:
If we assume that Maxie's Game World uses a perpetual inventory system, the appropriate journal entries should be:
Date XXX, merchandise sold on credit to client YYY, terms 1/10, n/30
Dr Accounts receivable 2,600
Cr Sales revenue 2,600
Dr Cost of goods sold 1,700
Cr Merchandise inventory 1,700
Answer:
D
Explanation:
D because you have to keep up with demand
The carrying value of a bonds at the time of maturity will always equals: par value.
<h3>What is Par value?</h3>
Par value can simply be defined as the price of a bond or face value of a bond.
The carrying value of bonds at the time of maturity will always equals par value by adding or lessing the carrying amount or unamortized discount or unamortized premium.
Inconclusion the carrying value of a bonds at the time of maturity will always equals: par value.
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