Answer and Explanation:
Long-term Liabilities
Bonds Payable $600,000
Less:
Discount on bonds payable $45,000 $555,000
Notes payable $80,000
Total Long-term Liabilities $635,000
Answer:
Choosing the correct program, using college resources, attending your classes, and doing well in assignments and exams.
The excel start screen will pop up then from there you can choose to create a workbook a template and access your recent work
Answer:
1) completed and transferred 293,000
<u><em>Equivalent units under W/A method:</em></u>
EU materials 338,500
EU conversion 306,000
Explanation:
Beginning WIP 33,000
started and completed <u>260,000</u>
completed and transferred 293,000
Ending WIP 65,000
EU under weighted-average methood:
complete and transferred plus percentage of completion ending WIP
293,000 + 65,000 x 70% = 338,500
293,000 + 65,000 x 20% = 306,000
Answer:
Debit Sales Returns and Allowances $500; debit Merchandise Inventory $150; credit Accounts Receivable $500; and credit Cost of Goods Sold $150.
Explanation:
Based on the information given the required appropiate journal entry to record the return on the books of the seller, in a situation were the goods can be sold to another customer is :
Debit Sales Returns and Allowances $500
Debit Merchandise Inventory $150
Credit Accounts Receivable $500
Credit Cost of Goods Sold $150
(To record the return on the books of the seller)
