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zzz [600]
3 years ago
12

A company purchased $1,800 of merchandise on July 5 with terms 2/10, n/30. On July 7, it returned $200 worth of merchandise. On

July 28, it paid the full amount due. Assuming the company uses a perpetual inventory system, and records purchases using the gross method, the correct journal entry to record the payment on July 28 is:
Business
1 answer:
8_murik_8 [283]3 years ago
8 0

Answer:

Debit : Account Payable $1,600

Credit : Discount Received $32

Credit : Cash $1,568

Explanation:

The correct journal entry to record the payment on July 28 includes a Debit to Accounts Payable and Credit to Discount and Cash. Cash should be after returns and discount received.

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Peoples part or like another word that stand for the people word like economic or idk hope this help
8 0
3 years ago
A manager that primarily focuses on the shareholders of the corporation rather than all of the vested parties in the businesses
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Answer: Shareholder theory

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Hence, the correct option is D.

5 0
3 years ago
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Suppose the manager of an ice cream store is trying to forecast the pounds of ice cream that they will sell based on what they h
disa [49]

Based on the information give your forecast for period 7 is 40.

<h3>Forecast for period 7</h3>

Given:

Time-series trend equation=25.3+2.1x

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Let x present period 7

Hence:

Forecast for period 7 =25.3 +2.1(7)

Forecast for period 7 =25.3 +14.7

Forecast for period 7 =40

Inconclusion your forecast for period 7 is 40.

Learn more about forecast here:brainly.com/question/24730207

6 0
3 years ago
"During the project life cycle, project managers encounter many occasions to employ their negotiating skills in interactions wit
lesantik [10]

Answer:

A. True

Explanation:

Manager need to employ their negotiating skill in different areas.

And the subject of negotiation written are all correct

7 0
3 years ago
5. Which of the following is not true regarding proprietary funds? A) Enterprise funds are used by governments to account for se
Tanzania [10]

Answer:

The correct answer is D) The operation of internal service funds has no impact on other funds because it is run as a business and provides services that would have been purchased elsewhere by the other funds.

Explanation:

This is false because the operation of these funds represent a direct impact on other funds in the portfolio because they are related within the same business scheme and therefore transfer transactions (purchase and sale) of services corresponding to other portfolios or funds with guarantees and expectations of growth in the short term.

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