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ASHA 777 [7]
3 years ago
15

On August 2, Jun Co. receives a $7,000, 90-day, 11.5% note from customer Ryan Albany as payment on his $7,000 account. Prepare J

un's journal entry assuming the note is honored by the customer on October 31 of that same year. (Round your answers to nearest whole dollar value. Use 360 days a year.)
Business
1 answer:
Likurg_2 [28]3 years ago
3 0

Answer:

Oct 31

Dr Cash $7,201

Cr Notes receivable—R. Albany $7,000

Cr Interest revenue $201

Explanation:

Preparation of Jun's journal entry assuming the note is honored by the customer on October 31, of that same year

Oct 31

Dr Cash $7,201

($7,000+$201)

Cr Notes receivable—R. Albany $7,000

Cr Interest revenue $201

(11.5%*7,000*90/360)

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Hola, ayudenme con estos asientos contables, y de cada uno las cuentas , graciaaaas 4, Se compra muebles por valor de 4,500,000
34kurt

Answer:

Spanish

Entradas de diario

Fecha                      Datos               de débito           de  crédito

4                   Cuenta de muebles 4,500,000

                          Cuenta bancaria                                4,500,000

Muebles comprados

5                 Cuenta bancaria de Numar 47000

                                         Ventas                                  47000

La cuenta bancaria del Sr. Numar se debita con la cantidad que pagó.

6        Inventario de mercancías 36875

                      Cuenta bancaria 11062.5

                       Cuentas por pagar                          25812.5

El 30% se paga a través de la cuenta bancaria, se acredita y se debe el resto

7                        Disco de pulido 152,632

             Impuesto al valor agregado 26710.6

                           Efectivo                                            179342.6

Normalmente el IVA se agrega en el precio, pero como se menciona por separado, encontramos el 17.5% del monto del precio para calcular el IVA.

8                 Efectivo                   45654.75

              Descuento permitido 695.25

                          Ventas                                       46350

1.5% de 46350 = 695.25 el descuento permitido es 1.5% de las ventas y se recibe efectivo neto.

9                      Papelería               783,750

               Impuesto al valor agregado 166250

                         (PANAMERICA) Efectivo                  950,000

El IVA se agrega al costo y el costo total se da en este caso.

English

Journal Entries

Date         Particulars                            Debit                      Credit

4                    Furniture   Account      4,500,000

                   Bank Account                                                4,500,000

Purchased furniture

5              Numar  Bank   Account                47000

                                   Sales                                                47000

Mr. Numar Bank Account is debited with the amount he paid.

6              Merchandise Inventory           36875

                      Bank Account                                11062.5

                       Accounts Payable                          25812.5

30 % is paid through bank account it is credited and rest is due.

7               Polishing Disc                   152,632

             Value Added Tax                 26710.6

                      Cash                                                  179342.6

Normally VAT is added in the price but since it is mentioned separately we find the 17.5 % of the amount of the price to calculate the VAT

8              Cash                           45654.75

              Discount Allowed       695.25

                          Sales                                            46350

1.5 % of  46350 =  695.25 the discount allowed is 1.5 %of sales and net cash is received.

9               Stationery            783,750

               Value Added Tax  166250

                         (PAN AMERICA) Cash                950,000

VAT is added in the cost and the total cost is given in this case.

3 0
3 years ago
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