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levacccp [35]
2 years ago
11

Journalizing sales transactions-periodic inventory system Journalize the following sales transactions for Straight Shot Archery

using the perodic inventory system. Explanations are not required. The company estimates sales returns and allowances at the end of each month. Sold $6,500 of equipment on account, credit terms are 1/10, n/30. Straight Shot received payment from the customer on the amount due from August 1, less the discount. Sold $3,100 of equipment on account, credit terms are n/45, FOB destination Aug. 1 8 15 15 Straight Shot paid $90 on freight out 20 Straight Shot negotiated a $500 allowance on the goods sold on August 15. Received payment from the customer on the amount due from August 15, less the allowance 24 FESB-31 Jou arnalizing purchase and sales transactions-perindic imento y systenm

Business
1 answer:
yanalaym [24]2 years ago
4 0

Answer:

the following journal entries will be prepared.

Explanation:

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The task of securing all necessary personnel, space, and financing; supervising all production and promotion efforts; fielding a
Jlenok [28]

Answer:

producer

Explanation:

The producer of a movie, theater play, sitcom, etc., is the person in charge of securing everything that is needed in order for the movie, play, etc., to be properly carried out. That means he/she is responsible for gathering the necessary funds and paying salaries and all other expenses. The producer is also responsible for dividing the money generated by the movie, play, etc., and distributing it to the investors.

5 0
3 years ago
A buyer contracts to purchase a property from a seller for $212,000. Two weeks before closing, a buyer's agent for another compa
ehidna [41]

The listing associate should present the offer to the seller as a potential backup offer for further negotiation.

<h3>Who is a seller?</h3>
  • A seller is any person or company who sells a product, service, or financial asset.
  • Short selling is the practice of borrowing securities that are not held in order to sell them and then repurchase them at a reduced price.
  • A "writer" is a seller of options who collects the premium from the buyer.
<h3>What is an offer?</h3>
  • In exchange for something else, a commitment to do or refrain from doing something.
  • An offer must be worded and delivered in such a way that a reasonable person would expect its acceptance to result in a binding contract.

Therefore, the listing associate should present the offer to the seller as a potential backup offer for further negotiation.

Know more about a seller here:

brainly.com/question/906651

#SPJ4

7 0
2 years ago
What are 2 types of goods/services that lends themselves well to non-price competition?
Luden [163]
<h2>Answer:Non-price competition typically involves promotional expenditures (such as advertising, selling staff, the locations convenience, sales promotions, coupons, special orders, or free gifts), marketing research, new product development, and brand management costs.</h2>

Explanation:

4 0
3 years ago
When would you use a cashier's check ?
AleksAgata [21]
Is this an open ended question ? Or multiple choice ?
6 0
3 years ago
Which situation is the most likely result of a price ceiling being set below the equilibrium price?
Neko [114]
<span>This can create a shortage in the market. This means that there is too much demand for a good and not enough product to cover it. This creates restrictions on the products that people are allowed to buy, which decreases the profit potential.</span>
6 0
2 years ago
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