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Snowcat [4.5K]
3 years ago
11

Emerald Co. uses a perpetual inventory system and records purchases of merchandise at net cost. The company recently purchased 2

00 compact discs for the price of $6,000 and terms of 2/10, n/30. Half of these discs had been mislabeled and were returned immediately to the supplier. Record the journal entry to record payment of this invoice after the discount period has expired. Use Journal Entry format.
Business
1 answer:
STALIN [3.7K]3 years ago
6 0

Answer:

Credit to cash for $3,000

Explanation:

Based on the information given the appropiate the journal entry to record payment of this invoice after the discount period has expired is: CREDIT TO CASH FOR $3,000 which is calculated as (1/2*$6,000).

Credit to cash for $3,000

(To record payment of invoice after the discount period has expired)

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Answer:

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8 0
3 years ago
In April, one of the processing departments at Terada Corporation had beginning work in process inventory of $37,000 and ending
Alborosie

Answer:

total cost to be accounted = $297000

Explanation:

given data

beginning work in process inventory = $37,000

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total cost to be accounted = ending work in process inventory + cost of units transferred out   ......................1

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total cost to be accounted = $43,000 + $254,000

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3 years ago
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Answer:

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Explanation:

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2.  What effect is the diet likely to have on housing prices in New York City?

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Compare and contrast the academic and practitioners research communities
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