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inessss [21]
4 years ago
11

Presented below is information from Perez Computers Incorporated. July 1 Sold $20,000 of computers to Robertson Company with ter

ms 3/15, n/60. Perez uses the gross method to record cash discounts. 10 Perez received payment from Robertson for the full amount owed from the July transactions. 17 Sold $200,000 in computers and peripherals to The Clark Store with terms of 2/10, n/30. 30 The Clark Store paid Perez for its purchase of July 17
Business
1 answer:
Greeley [361]4 years ago
8 0

Explanation:

The Journal Entry is shown below:-

1. Accounts Receivable Dr,            $20,000

           To cash revenue                                $20,000

(Being computer sold is recorded)

2. Cash Dr,                                         $19,400

    Sales discount Dr,                         $600

             To accounts receivable                    $20,000

(Being cash is received)

3. Accounts receivable Dr,               $200,000

              To sales revenue                               $200,000

(Being sales revenue is recorded)

4. Cash Dr,                                          $200,000

               To accounts receivable                     $200,000

(Being cash is recorded)

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kondor19780726 [428]

Answer:

d. 111

Explanation:

Calculation to determine which of the following is the resulting year 2018 forecast value

Using this formula

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6 0
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Hardigree Corporation makes a product that has the following direct labor standards:
Nonamiya [84]

Answer:

The correct answer is B.

Explanation:

Giving the following information:

Hardigree Corporation makes a product that has the following direct labor standards:

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6 0
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Compare and contrast distribution by force and distribution by equal sharing
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