1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
tatuchka [14]
3 years ago
13

Prepare journal entries to record each of the following transactions. The company records purchases using the gross method and a

perpetual inventory system.
Sept. 15 Purchased merchandise with an invoice price of $77,500 and credit terms of 3/5, n/15.
Sept. 29 Paid supplier the amount owed on the September 15 purchase.
Business
1 answer:
zloy xaker [14]3 years ago
3 0

Answer and Explanation:

The journal entries are shown below;

On Sept 15

Merchandise inventory $77,500

           To Accounts payable $77,500

(Being purchase of inventory is recorded)  

On Sep 29

Accounts payable $77,500

            To Cash $75,175

            To Merchandise inventory (3% of $77,500 ) $2,325

(Being payment to suppliers after discount is recorded)  

You might be interested in
Use your knowledge of the roles people assume on teams to complete the sentence.
kakasveta [241]

Answer:

d. socioemotional role

Explanation:

As the team works together, Carol plays a <u>socioemotional role</u>, diffusing conflicts and helping everyone feel welcome to contribute ideas.

8 0
3 years ago
Read 2 more answers
A swot analysis contributes to the strategic planning process by identifying ____ resources.
velikii [3]
Below are the resources:

<span>Logistical, human, technical, financial
</span>

A SWOT analysis is an organized arranging strategy that assesses those four components of an association, venture or business wander. A SWOT examination can be completed for an organization, item, place, industry, or individual. It includes determining the target of the business wander or extend and distinguishing the inside and outside variables that are great and negative to accomplish that goal.

4 0
3 years ago
The key feature of an oligopolistic market is that Select one: a. a single firm chooses a point on the market demand curve. b. e
Lesechka [4]

Answer:

c. a small number of firms are acting strategically.

Explanation:

The Firms in oligopoly can influence market outcome and thus they act strategically to achieve the expected outcome.

6 0
3 years ago
Which of the following statements about economic growth is accurate? The world’s sustained economic growth has only been occurri
irina1246 [14]

Answer:

<u>The world's sustained economic growth has only been occurring over the last 300 to 400 years.</u>

<u>Explanation:</u>

It is more accurate to say that sustained economic growth occurred over the last 300 to 400 years by considering when economic data became available.

Also, we need to bear in mind that a sustained economic growth implies a measurable period of economic expansion (growth).

6 0
3 years ago
For each of the following scenarios, begin by assuming that all demand factors are set to their original values and Peacock is c
irina [24]

Answer: The Demand should be in elastic

Explanation:

Peacock hotel rooms are a normal good and they have a negative price elasticity of demand, meaning a decrease in price of hotel rooms per night will increase quantity of hotels rooms demanded for Peacock.

Peacock is considering decreasing Prices to $ 175 per unit, for this decrease in Prices to lead to a decrease in total revenue, The demand for Peacock hotel rooms should be inelastic. When the demand for Peacock hotel rooms is inelastic a decrease in price to $ 175 will lead to a small change in the quantity of hotel rooms demanded for Peacock which will then lead to a decrease in Total Revenue.

5 0
3 years ago
Other questions:
  • Which person is credited with introducing the concept of supply and demand?
    7·1 answer
  • Suppose that from a new checkable deposit, First National Bank holds two million dollars in vault cash, eight million dollars on
    9·1 answer
  • Lara Technologies is considering a total cash outlay of $250,000 for the purchase of land, which it could lease out for $35,000
    14·1 answer
  • Which type of average provides the center-most score in a distribution?
    14·1 answer
  • the federal reserve wants to increase the money supply in the money supply in the united states. What is the federal reserve lik
    11·2 answers
  • The "Fashion Place" carries a carefully selected and distinctive assortment of traditional women's
    11·1 answer
  • SUBSCRIBE TO GOLDIFY(the one with a dark profile and makes among us videos) FOR BRAINLIEST
    13·2 answers
  • Match each type of insurance with an example of when the insurance
    13·1 answer
  • Which account would normally not require an adjusting entry?
    9·1 answer
  • Which of the following are the limitations of conducting extra military instruction (EMI)? Select all that apply.
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!