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marysya [2.9K]
2 years ago
12

Showcase Co., a furniture wholesaler, sells merchandise to Balboa Co. on account, $254,500, terms n/30. The cost of the goods so

ld is $152,700. Showcase Co. issues a credit memo for $30,000 for merchandise returned prior to Balboa Co. paying the original invoice. The cost of the merchandise returned is $17,500. a. Journalize Balboa Co.'s entry for the purchase. If an amount box does not require an entry, leave it blank.
Business
2 answers:
Usimov [2.4K]2 years ago
5 0

Answer:

See attached file

Explanation:

Hoochie [10]2 years ago
4 0

Answer:

Journal entry to record the purchase of the goods, term n/30:

Dr Merchandise inventory $254,500

    Cr Accounts payable $254,500

Journal entry to record the return of some merchandise:

Cr Accounts payable 30,000

    Cr Merchandise inventory 30,000

When you purchase merchandise, you should increase the inventory account (asset) be debiting it and increase accounts payable (liability) by crediting it.

When you make a partial or total return, you should reverse the accounts payable by debiting it for the amount of the return and decrease inventory account be crediting it.

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I'm pretty that would be: A.) True.
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Answer:

D. Technical problem solver.

Explanation:

A leader or a manager acts as a technical problem solver in the place where they make and implements decisions that will solve the problem faced by his subordinate at different levels or process of carrying out their duties  

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You have a chance to buy an annuity that pays $2,500 at the end of each year for 3 years. You could earn 5.5% on your money in o
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$6,744.83

Explanation:

We calcualte the present value of a three years annuity discounted at 5.5% considering their cashflow are 2,500

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C 2,500.00

time 3

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3 years ago
Ollver is the vice president of production at his company and has been managing the launch of nen software systems. He worked wi
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Answer:

Part 1. Marketing Department

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Answer:

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