Answer:
$24,530
Explanation:
Journal
Oct 31
Dr Cost of Merchandise sold $24,530
Cr Merchandise Inventory $24,530
$530,470-$505,940 =$24,530
The difference between MERCHANDISE That should be on hand and physical inventory indicating MERCHANDISE that is actually on hand.
Answer:
$6,312.38
Explanation:
Bradley snapp deposited $5,000 in an investment account
He was given a rate of 6% compounded annually
He plans to leave the money there for 4 years when he will make a down payment on a car
Therefore the down payment which he will be able to make can be calculated as follows
= $5000×(1+0.06)^4
= $5000×1.06^4
= $5000 × 1.26247696
= $6,312.38
Hence the down payment Bradley will be able to make is $6,312.38
