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OverLord2011 [107]
3 years ago
5

Blossom Company uses a perpetual inventory system. Its beginning inventory consists of 108 units that cost $73 each. During June

, (1) the company purchased 323 units at $73 each on account, (2) returned 13 units for credit, and (3) sold 269 units at $108 each. Journalize the June transactions. (If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Business
1 answer:
alexandr1967 [171]3 years ago
6 0

Answer:

The journal entries are as follows:

(1) Merchandise Inventory A/c (323 × $73) Dr. $23,579

                   To accounts payable                                   $23,579

(To record the Purchase made on account)

(2) Accounts Payable A/c (13 × $73)  Dr. $949

          To Merchandise Inventory A/c             $949

(To record the merchandise returned)

(3) Accounts Receivables A/c (269 × $108) Dr. $29,052

              To Sales Revenue                                               $29,052

(To record the merchandise sold on account)

Cost of Goods sold A/c (269 × $73) Dr. $19,637

       To Merchandise Inventory                           $19,637

(To record the merchandise sold)

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Based in the historical cost principle, the total cost of the land would be the summation of all cost, either direct or indirect.

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Answer:

D) $25,000

Explanation:

Even though Dana and Larry are married, since they are filing separate tax returns, then all the income that Larry must declare are his $25,000 earned as rental income.

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3 years ago
The staffing policy that seeks the best people for key jobs throughout the organization, regardless of nationality, is called
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The question is incomplete:

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-Geocentric staffing policy is when a company seeks the best person for each position without considering the nationality or culture.

According to this, the answer is that the staffing policy that seeks the best people for key jobs throughout the organization, regardless of nationality, is called geocentric staffing policy because the company only focuses on the person that best fits the position without considering the nationality.

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Communicate the vision. This new vision had to be shared through the entire company. The members had to understand the importance of the innovative practices and each and every one of them had to be part of this new mentality.  

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