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
Alik [6]
3 years ago
6

Sally Beauty Warehouse uses the perpetual inventory system to account for its merchandise. On Nov 2, it sold $700 of merchandise

on credit with terms of 2/15,n/30. Demonstrate the required journal entry to record the receipt of payment from the customer on Nov 13, by selecting all of the correct actions below. 1) Debit sales discounts $14 2) Debit cash $686 3) Credit accounts receivables $700
Business
2 answers:
Nutka1998 [239]3 years ago
7 0

Answer:

1) Debit sales discounts $14

2) Debit cash $686

3) Credit accounts receivables $700

Explanation:

nov-02 sold 700

terms 2/15 n 30  

                700

Discount            2%

                   14

Net payment  686

Db Cash_____________686

Db Sales discount_______14

Cr Account receivable_______700

SpyIntel [72]3 years ago
6 0

Answer:

1) Debit sales discounts $14

2) Debit cash $686

3) Credit accounts receivables $700

Explanation:

Sally Beauty Warehouse uses the perpetual inventory system to account for its merchandise. On Nov 2, it sold $700 of merchandise on credit with terms of 2/15,n/30. Demonstrate the required journal entry to record the receipt of payment from the customer on Nov 13, by selecting all of the correct actions below. 1) Debit sales discounts $14 2) Debit cash $686 3) Credit accounts receivables $700

Journal entry is used for documenting business transactions. It bears topics , comments and debit and credit. the correction are stated below

. 1) Debit sales discounts $14

2) Debit cash $686

3) Credit accounts receivables $700

You might be interested in
Marketing information has no value until it is used to ________.
CaHeK987 [17]
Marketing information has no value until it is used to make better marketing decision.


Hope this helps 
8 0
3 years ago
Concord Corporation has 8,800 shares of common stock outstanding. It declares a $3 per share cash dividend on November 1 to stoc
sasho [114]

Answer:

Declaration date:

Dr retained earnings $26400

Cr dividends payable          $26400

Payment date:

Dr dividends payable $26400

Cr Cash                                                  $26400

Explanation:

Total dividend declared is the number of shares multiplied by cash dividend per share

total dividend=$3*8,800=$26400

On the record date no entries are required since record date, is just about verifying the bonafide shareholders.

On declaration date,dividends payable would be credited with $26,400 while retained earnings is debited.

On payment date,dividends payable is debited and cash credited

6 0
3 years ago
Required information
photoshop1234 [79]

Answer:

Missing word

<em>"Shipping supplies on hand, January 1 of the current year  $13</em>

<em>Purchases of shipping supplies during the current year $75</em>

<em>Shipping supplies on hand, counted on December 31 of the current year $20"</em>

<em />

1.  Adjusting entry for insurance at December 31 of the current year.

S/n  General Journal                       Debit    Credit

a.     Insurance expense                  $870

       (6,960/24)*3=$ 600

             Prepaid insurance                             $870

       (Insurance expired)

b.    Shipping supplies expenses    $68

       ($13+$75-$20)

            Shipping supplies                               $68

       (Supplies used)

2.  What amount should be reported on the current year's income statement for Insurance Expense?

Insurance expense = $870

Shipping supplies expense = $68

3. What amount should be reported on the current year's balance sheet for Prepaid Insurance?

Prepaid insurance = ($6,960-$870) = $6,090

Shipping supplies as on Dec 31. = $20

6 0
3 years ago
Direct-mail questionnaires should be kept to a maximum of how many pages? A.One B.Two C.Three D.Four
Inga [223]

Answer:

One page

Explanation:

Direct mail questionnaires should be kept to a maximum of a single page.

This is because the target audience of these mails which are the respondents will treat this like they treat regular mails and my not be disposed to answering or giving responses.

So an increased number of pages would surely further decrease the attention the questionnaire would receive from these respondents.

Thus, it is best that the questionnaire is restricted to a single page.

4 0
3 years ago
Audience:
ss7ja [257]

Answer:

E=mc2

Explanation:

5 0
3 years ago
Other questions:
  • Freedom of enterprise Multiple Choice in a market system means that entrepreneurs can obtain and use economic resources without
    11·1 answer
  • Cara and jason have a sexual relationship but have agreed that they will not be monogamous. neither wants to have a child right
    13·1 answer
  • If total liabilities increased by $6,000 and the assets increased by $8,000 during the accounting period, what is the change in
    14·1 answer
  • The standardization strategy uses __ marketing activities across national boundaries whereas the adaptation strategy uses a ____
    9·1 answer
  • How do we know our current money has value?
    13·1 answer
  • Negative transfer is said to have occurred when: a. A trainee dislikes the training sessions b. A trainee's performance declines
    12·2 answers
  • Why it’s difficult to find job?
    13·1 answer
  • What cycle time would match capacity and demand if demand is 161 units a day, there are 2 shift(s) of 446 minutes each, and work
    9·1 answer
  • Text written for advertising and marketing campaigns is referred to as o content. context O copy o collateral​
    14·1 answer
  • Discuss the four dimensions of statistical reasoning / thinking used in statistical inquiry.
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!