deanaprettelt9745 deanaprettelt9745

07-10-2022
Business

Answered

chegg on september 12, ryan company sold merchandise in the amount of $6,000 to johnson company, with credit terms of 2/10, n/30. the cost of the items sold is $4,100. ryan uses the periodic inventory system and the net method of accounting for sales. johnson pays the invoice on september 18, and takes the appropriate discount. the journal entry that ryan makes on september 18 is:

Answer :

Other Questions

president company purchased merchandise from captain corporation on september 30, 2024. payment was made in the form of a noninterest-bearing note requiring pre

Assume that axe uses a perpetual inventory system, the company had no inventory on hand at the beginning of january, and no sales were made during january and f

net income for the year ended september 30, 2025, is $98,000. the first $35,000 is allocated on the basis of relative partner capital balances. the next $27,000

scenario impact on yield cost of borrowing money from bond markets xyz co.’s credit rating was downgraded from aa to bbb. a company uses debt to buy another com

Gregg company uses the allowance method for recording its expected credit losses. It estimates credit losses at three percent of credit sales, which were $900,0

holly company is a small family-run manufacturer of wooden garden furniture, sheds, and storage containers. the company is located outside pittsburgh, pennsylva

companies that report inventory using the lifo method must report the difference between the lifo cost and fifo cost of its inventory. this difference is common

during the year, credit sales were $2,346,000 and collections on account were $2,350,000. the following transactions, among others, occurred during the year:

murfee delivery service is a delivery service company that delivers anything to anyone anywhere. the company intends to stand out due to its strict confidentia

a stock is expected to pay dividends of $ 5 per share for the foreseeable future. if the appropriate discount rate is 6.3 % then what should be the price of thi