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
melamori03 [73]
2 years ago
10

Sundance Systems has the following transactions during July.

Business
1 answer:
inn [45]2 years ago
4 0

Answer:

Jul-05 Dr Inventory $118,800

Cr Accounts Payable $118,800

Jul-08 Dr Accounts Payable $5,400

Cr Inventory $ 5,400

Jul-13 Dr Accounts Payable $ 113,400

Cr Cash $108,864

Cr Inventory $4,536

Jul-28 Dr Accounts receivables $ 134,400

Cr Sales revenue $ 134,400

Jul-28 Dr Cost of Goods Sold $108,864

Cr Inventory $108,864

Explanation:

Preparation of the journal entry to Record the transactions of Sundance systems, assuming the company uses a perpetual inventory system

Jul-05 Dr Inventory $118,800

Cr Accounts Payable $118,800

(44 LCDs x $2700)

(Being to record inventory purchased on account)

Jul-08 Dr Accounts Payable $5,400

Cr Inventory $ 5,400

(2 LCDs x $2700)

(Being to record inventory returned that were defective)

Jul-13 Dr Accounts Payable $ 113,400

(42 LCDs x $ 2700)

Cr Cash $108,864

($ 113,400-$4,536)

Cr Inventory $ 4,536

(42 LCDS x $ 2700 x 4%)

(Being to record Amount paid within discount term of 10 days)

Jul-28 Dr Accounts receivables $ 134,400

[42 LCDs x $ 3200]

Cr Sales revenue $ 134,400

(Being to record Inventory sold)

Jul-28 Dr Cost of Goods Sold $108,864

(42 LCDS x $ 2700 x 96%)

Cr Inventory $108,864

(Being to record Cost of inventory sold adjusted)

You might be interested in
LO 2.1Which of the following is the primary source of revenue for a service business?
malfutka [58]

Answer:

providing intangible goods and services

Explanation:

A service business is an organisation that provides services.

Examples of service businesses are airlines, insurance companies, and hospitals.

I hope my answer helps you

3 0
3 years ago
Read 2 more answers
When a company such as home depot provides a loyal customer with a relevant coupon, based on previous purchases through his or h
Kruka [31]
<span>Excite the Customer -Firms use many kinds of social media to excite their customers about an idea, product, or company -mobile applications and games for example -Firms actively use social networks to communicate deals that are likely to excite consumers -Facebook, Pinterest, and Google +</span>
5 0
3 years ago
In early​ 2008, it appeared that the u.s. economy was either in a recession or growing very slowly. president bush announced a p
Alex
D maybe sorry if wrong  i am not the best in history
6 0
3 years ago
The American Marketing Association defines a ________ as "a name, term, sign, symbol, or design, or a combination of them, inten
vfiekz [6]

Answer:

brand

Explanation:

The American Marketing Association defines a brand as "a name, term, sign, symbol, or design, or a combination of them, intended to identify the goods or services of one seller or group of sellers and to differentiate them from those of competitors."

According to Kotler a brand is a name a sign or combination of these to distinguish one product from the others. People often associate and develop relationships  with the brand so that they can trust rely and depend on for future purchase.

According to Kotler's definition a brand must be distinguished from the other products and then it must have a desirable place in the minds of the consumers. That is the brand is as good as the customers think.

6 0
3 years ago
Suppose that the Bethesda Mining Company had sales of $2,166,873 and net income of $108,381 for the year ending December 31, 201
In-s [12.5K]

Answer: attached below

Explanation:

6 0
3 years ago
Other questions:
  • Assume that you have recently purchased 100 shares in an investment company. Upon examining the balance sheet, you note that the
    9·1 answer
  • Which of the following is true of manufacturing? a.It does not require an organizational strategy. b.It creates time utility for
    6·1 answer
  • Which of the following statements is NOT one of the differentiation strategy​ decisions? A. Modular design to aid product differ
    14·2 answers
  • Which data model has the highest level of abstraction?
    7·1 answer
  • Pro Corp., a U.S.-based MNC, uses purchasing power parity to forecast the value of the Thai baht (THB), which has a current exch
    15·1 answer
  • You paid $10,000 for an investment that promises to pay $750 at the end of each of the next 5 years, then an additional lump sum
    6·1 answer
  • Choose all that apply. Ethan has set a long-term financial goal to own a coffee shop in ten years. He should break this goal int
    14·1 answer
  • Taco Bell and McDonald’s are considering adding kiosks in restaurants for customers to place their orders. This will hopefully m
    15·1 answer
  • Which statement best describes the laissez-faire economic policies of the 1920s? There should be extensive government control of
    10·2 answers
  • Journalize the following selected transactions for January. Journal entry explanations may be omitted.
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!