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nadya68 [22]
3 years ago
5

Use a tabular summary to record the following transactions for Oriole Company using a perpetual inventory system. (a) On March 2

, Oriole Company sold $878,600 of merchandise to Ivanhoe Company on account. The cost of the merchandise sold was $562,200. (b) On March 6, Ivanhoe Company returned $118,800 of the merchandise purchased on March 2. The cost of the merchandise returned was $61,000. (c) On March 12, Oriole Company received the balance due from Ivanhoe Company.
Business
1 answer:
telo118 [61]3 years ago
8 0

Answer:

merchandise inventory

March 2:          -562,200

<u>March 6:              61,000</u>

                        -501,200

accounts receivable

March 2:          878,600

March 6:          -118,800

<u>March 12:        -759,800</u>

                                    0

sales revenue

March 2:           878,600

<u>March 6:           -118,800</u>

                         759,800

<u />

COGS

March 2:           562,200

<u>March 6:              61,000</u>

                          501,200

<u />

cash                      

<u>March 12:          759,800</u>                

                         759,800

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Answer and Explanation:

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3 years ago
Individuals who give up looking for work because they don't feel that there are good prospects of finding a job are known as:
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Individuals who give up looking for work because they don't feel that there are good prospects of finding a job are known as <span>discouraged workers.
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True or false: The many legal barriers in place around the world makes it difficult to buy securities from foreign companies.
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6 0
1 year ago
Rues and West Inc. is an automobile manufacturing firm. It produces and assembles all the parts of automobiles in its factory an
Alexxandr [17]

Answer:  Wholesalers

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3 0
3 years ago
Rimi currently earns $3300 per month. She has the following monthly debt payment expenses: $80 for credit cards, $130 for studen
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Answer:

No, her ratio is greater than 37%

Explanation:

Given:

Monthly income = $3,300

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Student loan expenses = $130

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All insurances = $1,221

Computation:

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Housing payments to income ratio = (1221) / 3300

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No, her ratio is greater than 37%

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