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aliya0001 [1]
3 years ago
11

Swifty Co. uses the gross method to record sales made on credit. On July 1, 2020, it made sales of 69,000 with terms 2/10 n/30.

On July 9, 2020, Swifty received full payment for the July 1 sale. Prepare the required journal entries for Swifty Co.
Business
1 answer:
wel3 years ago
4 0

Answer:

July 1, 2020

Debit  : Accounts Receivable $69,000

Credit : Sales $69,000

July 9, 2020

Debit  : Cash $62,100

Debit : Discount allowed $1,380

Credit : Accounts Receivable $69,000

Explanation:

Note : Remove the discount from final payment.

The required journal entries for Swifty Co have been prepared above.

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Answer:

$18.29

Explanation:

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Units transferred to

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Cost of beginning work in process inventory   $ 10.600  $ 12.800

Costs added during the period                      $ 142.100 $ 359.500

TOTAL COST                                                  $ 152.700 $ 372.300

Equivalents Units Production                             8.350 8.065

Cost per equivalent unit                                    $18,29   $46,16  

3 0
3 years ago
What is a mixed economy?
Jet001 [13]
 A mixed economy is <span>a system mixing private and public enterprises.</span>
5 0
4 years ago
Read 2 more answers
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labwork [276]

Answer:

the life of a farmer in Kaira was very much like that of farmers anywhere else in India. His income was derived almost entirely from seasonal crops. Many poor farmers faced starvation during off-seasons. Their income from milch buffaloes was undependable. The milk marketing system was controlled by contractors and middlemen. As milk is perishable, farmers were compelled to sell their milk for whatever they were offered. Often they had to sell cream and ghee at a throwaway price.

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News or program on TV. Reliable or relevant
allochka39001 [22]

Answer:

<u>Relevant</u>

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News, and / or programs on TV, is how media, and the government gives information and influences people. It is relevant for the reason that outlets are trying to influence the viewers, but it is not always reliable. The news, and commercials shown on TV are not always reliable. Politicians may put things on TV, or news that is not necessarily true, or reliable. News outlets also do the same thing. News is notorious for spewing false information. And not only on our presidents an politicians. The point of news is to basically exaggerate things to get hold of the viewers attention more.

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3 years ago
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Anuta_ua [19.1K]

Answer:

b. the marginal benefit of the sixth banana exceeds its price.

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