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3 years ago

Information related to Windsor, Inc. is presented below.

Business

1 answer:

Mice21 [21]3 years ago

7 0

Answer:

April 5

Dr Inventory $27,900

Cr Accounts Payable $27,900

April 6

Dr Inventory $700

Cr Cash $700

April 7

Dr Equipment $28,800,

Cr Accounts Payable $28,800

On April 8

Dr Accounts Payable $3,900

Cr Inventory $3,900

On April 15

Dr Accounts Payable (Inventory before discounts) $24,000

Cr Cash (Inventory after discounts) $23,040

Cr Inventory (discounts) $960

Explanation:

Preparation of the journal entries to record these transactions on the books of Windsor, Inc. under a perpetual inventory system.

April 5

Dr Inventory $27,900

Cr Accounts Payable $27,900

April 6

Dr Inventory $700

Cr Cash $700

April 7

Dr Equipment $28,800,

Cr Accounts Payable $28,800

On April 8

Dr Accounts Payable $3,900

Cr Inventory $3,900

On April 15

Dr Accounts Payable (Inventory before discounts) $24,000

($27,900 - $3,900 = $24,000)

Cr Cash (Inventory after discounts) $23,040

($24,000-$960)

Cr Inventory (discounts) $960

($24,000 * 0.04 = $960)

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4 years ago

______ are any assets that a firm can draw on when formulating and implementing a strategy.

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Resources are any assets that a firm can draw on when formulating and implementing a strategy.

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2 years ago

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Answer:

C) Factoring

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4 years ago

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Answer:

c. protect lessees against lessors who abuse leased assets.

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3 years ago

On June 30, 20X5, Huff Corp. issued at 99, 1000 of its 8%, $1,000 bonds. The bonds were issued through an underwriter to whom Hu

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Answer:

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Journal Entry

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Cr. Bond Payable $1,000,000

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3 years ago

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