On may 1 shilling company sold merchandise

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WebA company has sales of $375,000 and its gross profit is $157,000. Its cost of goods sold equals: $217,500. Frisco Company's Merchandise Inventory account at a year-end has … Web2 de abr. de 2024 · Question. QUESTION 5 On May 1, Shilling Company, Inc. sold merchandise inthe amount of $5,800 to Anders, with credit terms of 2/10, n/30.The cost of the items sold is $4,000. Shilling uses the perpetualinventory system. The journal entry or entries that Shilling willmake on May 1 is: Accounts receivable 5,800 Sales 5,800 Cost …

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WebOn May 1, Shilling Company, Inc. sold merchandise in the amount of 5,800 to Anders, with a credit term of 2/10/, n/30. The cost of the items sold is 4,000. Shilling uses the … WebExpert solutions for Question QUESTION 5 On May 1, Shilling Company, Inc. sold merchandise inthe:1146964 ... This E-mail is already registered as a Premium Member … sims 4 slice of life mod 2021

On May 1, Shilling Company sold merchandise in the amount of...

WebOn May 1, Shilling Company sold merchandise in the amount of $5,800 to Anderson, with credit terms of 2/10, n/30. The cost of the items sold is $4,000. Shilling uses the … WebVIDEO ANSWER: Okay, okay. We're going to look at the business that uses the perpetual inventory system. The company bought 4,000 dollars worth of stuff. 150 freight and 100 freight were paid by this company to get the goods. All of the purchases were WebOn May 1, Shilling Company, Inc. sold merchandise in the amount of 5,800 to Anders, with credit term of 2/10/, n/30. The cost of the items sold is 4,000. Shilling uses the perpetual inventory system. The journal entry or entries that Shilling will make on; A company sold merchandise with a cost of $221 for $350 on account. sims 4 slice of life mod 5.0

On may 1 shilling company sold merchandise in the - Course …

On May 1, Shilling Company sold merchandise in the amount …

Web21 de jun. de 2024 · Correct answers: 2 question: On May 1, Shilling Company sold merchandise in the amount of $5,800 to Anders, with credit terms of 2/10, n/30. The cost of the items sold is $4,000. Shilling uses the perpetual inventory system and the gross method. The journal entry or entries that Shilling will make on May 1 is (are): asked Sep … WebOn May 1, Shilling Company Inc. sold merch in the amount of $5800 to Anders, with credit terms of 2/10, n/30. The cost of the items sold is $4000. Shilling uses the … sims 4 sleeveless maxi boxyWebView the full answer. Transcribed image text: On May 1, Schilling Company sold merchandise in the amount of $5,800 to a customer, with credit terms of 2/10, n/30. The … rchp wilmington

"Web122. Award: 1.00 point On February 3, Smart Company sold merchandise in the amount of $5,800 to Truman Company, perpetual inventory system and the gross method. Truman pays the invoice on February 8, and takes the appropriate discount. The journal entry that Smart makes on February 8 is: Cash 5,800 Accounts receivable 5,800 Cash 4,000 … " - On may 1 shilling company sold merchandise

On may 1 shilling company sold merchandise

Web13 de fev. de 2024 · on may 1, shilling company sold merchandise in the amount of $5,800 to anders, with credit terms of 2/10, n/30. the cost of the items sold is $4,000. - 30691016 Web11 de mar. de 2024 · On May 1, Shilling Company sold merchandise in the amount of $5,800 to Anders, with credit terms of 2/10, n/30. The cost of the items sold is $4,000. - 15124515

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Web7 de abr. de 2024 · On May 1, Shilling Company, Inc. sold merchandise in the amount of $5,800 to Anders, ... On July 1, Ferguson Company sold merchandise in the amount of $5,800 to Tracey Company, with credit. Answer: Sales returns and allowances 500 Accounts receivable 500 Merchandise inventory 350 Cost of goods ... WebAnswer to On May 1, Shilling Company sold merchandise in the amount of... Expert Help. Study Resources. Log in Join. Johnson County Community College. ACCT. ... May-01 Cost of goods sold $4,000 To Merchandise Inventory $4,000 (Being cost of goods sold recorded) 1 Attachment. png.

WebSmart Company sold merchandise in the Chegg.com. On February 3. Smart Company sold merchandise in the amount of $1,900 to Truman Company, with credit terms of 3/10, n/30. The cost of the items sold is $1,310. Smart uses the perpetual inventory system and the gross method. Truman pays the invoice on February 8, and takes the appropriate … WebGarza Company had sales of $141000, sales discounts of $2100, and sales returns of $3385. Garza Company's net sales equals: $135,515. Explanation: Net Sales= …

WebOn May 1, Shilling Company sold merchandise in the amount of $5,800 to Anders, with credit terms of 2/10, n/30. The cost of the items sold is $4,000. Shilling uses the perpetual inventory system and the gross method. The journal entry … WebQuestions and Answers for [Solved] On May 1, Shilling Company, Inc. sold merchandise in the amount of $5,800 to Anders, with credit terms of 2/10, n/30. The cost of the items sold is $4,000. Shilling uses the gross method of recording sales and a perpetual inventory system. The journal entry or entries that Shilling will make on May 1 is:

WebThe cost of the items sold is $4,000. Shilling uses the perpetual inventory system and the gross method. The journal entry or entries that Shilling will make on May 1 is (are): On …

rchp tenceWebMay: 1: The company billed a customer $2,100 in consulting revenue for sustainable proposals. 3: ... The journal entry or entries that Shilling will make on May 1 is (are): ... sales returns and allowances of $18,270, cost of goods sold of $385,700, and $279,330 in operating expenses. Gross profit equals: $408,030. $395,850; $116,520. $781,550 ... rchpsWebDate General journal Debit Credit May 1 Account Receivable $ 5,800 …View the full answer ... rc-hp shopWeb4 de jan. de 2024 · answered • expert verified. On may 1, shilling company sold merchandise in the amount of $5,800 to anders, with credit terms of 2/10, n/30. The cost of the items sold is $4,000. Shilling uses the perpetual inventory system and the gross method. The journal entry or entries that shilling will make on may 1 is (are): on may 1, … rchp ssw0rdWebOn September 12, Vander Company sold merchandise in the amount of $9,200 to Jepson Company, with credit terms of 3/10, n/30. The cost of the items sold is $5,700. Jepson uses the periodic inventory system and the gross method of accounting for purchases. Jepson pays the invoice on September 18, and takes the appropriate discount. rch quadlockWeb123) On July 1, Ferguson Company sold merchandise in the amount of $5,800 to Tracey perpetual inventory system and the gross method. On July 5, Tracey returns some of the merchandise. The selling price of the merchandise is $500 and the cost of the merchandise returned is $350. The entry or entries that Ferguson must make on July 5 … rch rashesWebExpert solutions for Question QUESTION 5 On May 1, Shilling Company, Inc. sold merchandise inthe:1146964 ... This E-mail is already registered as a Premium Member with us. Kindly login to access the content at no cost. sims 4 slice of life mod kawaiistacie site