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
V125BC [204]
3 years ago
6

On March 1, Showcase Co., a furniture wholesaler, sells merchandise to Balboa Co. on account, $254,500, terms n/30. The cost of

the merchandise sold is $152,700. On March 5, Showcase Co. issues a credit memo for $30,000 for merchandise returned prior to Balboa Co. paying the original invoice on March 29. The cost of the merchandise returned is $17,500.
Journalize Balboa Co.’s entries for (a) the purchase, (b) the return of the merchandise for credit, and (c) the payment of the invoice. Refer to the Chart of Accounts for exact wording of account titles.
Business
1 answer:
Lisa [10]3 years ago
7 0

Explanation:

The journal entries are as follows

a.

Merchandise Inventory A/c $254,500

              To Accounts payable A/c $254,500

(Being merchandise purchased on credit)

b.

Account payable Dr $30,000

         To Merchandise inventory $30,000

(Being the merchandise returned is recorded)

c.

Account payable Dr $224,500       ($254,500 - $30,000)

        To Cash $224,500

(Being the payment of the invoice is recorded)

You might be interested in
A consumer research study conducted by Visual Effects Inc. analyzes factors, such as age, income, and stage of family life cycle
Lady bird [3.3K]

Answer:

Quantitative Research

Explanation:

It is quantitative research because the research is using numerical variables (age, income, stage of a family life cycle) to find a numerical property that is relevant to consumer behaviour (the probability of purchasing a 3D television).

Probability is measured in numerical value and is the focus of many consumer quantitative studies.

4 0
3 years ago
I need help. My bunny died a few months ago. We had him for abt 11 and a half years. When i was sad or mad or just wanted to get
kolbaska11 [484]
I would try accepting the cat slowly just by like talking to her every now and then, or getting a stuffed animal that looks like the bunny to try talking to
3 0
2 years ago
Read 2 more answers
In an​ economy, the​ working-age population is 100 million. Of this​ total, 80.0 million workers are employed. 3.0 million worke
denis-greek [22]

Answer:

Unemployment rate = 3.6%

Explanation:

Unemployment is the number of people who are willing to work and are actively seeking work but are unable to find it. The unemployment rate is the unemployed / total number of people in the labor force x 100.

In the above scenario, the unemployed is 3 million people. The others are either already employed, unavailable, unwilling or not seeking work.

The labour force comprises of those who are employed and unemployed, that is 80million + 3million = 83 million.

Hence, unemployment rate = (3/83) x 100 = 3.6%

6 0
3 years ago
AP Season tickets for the Dingos are priced at $320 and include 16 home games. An equal amount of revenue is recognized after ea
MissTica

Answer:i just want the points sorrry

7 0
3 years ago
Read 2 more answers
Which of the following statement is not true about the Project stakeholders?
xxMikexx [17]

I think d is the answer

Explanation:

all stakeholders must not be independent all must work together

4 0
3 years ago
Other questions:
  • The manager of a bulk foods establishment sells a trail mix for $6 per pound and premium cashews for $12 per pound. The manager
    6·1 answer
  • When Devin Spencer went to work for a printing shop, he thought he was going to have to join the union representing the shop. Ho
    6·1 answer
  • Select the best answer for the question.
    6·2 answers
  • Jenny LePlaz is looking to invest in a five-year bond that pays annual coupons of 6.25 percent and currently sells at $912.34. W
    7·1 answer
  • Three years ago American Insulation Corporation issued 10%, $800,000, 10-year bonds for $770,000. American Insulation exercised
    13·1 answer
  • Emann Systems is considering a project that has a cash flow as: (1,000), 450, 450, 450 for the years 0, 1, 2, 3 respectively. If
    8·1 answer
  • What does a population possibilities curve represent
    15·1 answer
  • A written customer complaint is received by mail about an error made by the firm that the firm resolves to the customer's satisf
    15·1 answer
  • Marketing is essential to help businesses distinguish themselves from competitors in the market.
    10·1 answer
  • If velocity is constant and, in addition, the factors of production and the production function determine real GDP, then: Group
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!