WebHercules Company purchased a computer for $4500 on December 1. ... The steps in the accounting cycle for a merchandising company are the same as those in a service company except: a. an additional adjusting journal entry for inventory may be needed in a merchandising company. b. WebAccounting questions and answers. TB MC Qu. 04-111 (Static) On May 1, Anderson Company purchased... 17 On May 1 Anderson Company purchased merchandise in the amount of $5800 from Shilling, with credit term of 2/10,n/30 Anderson uses the perpetual inventory system and the gross method. The journal entry that Anderson will make on …
On May 1, Anders Company purchased merchandise in the.
Web7 de abr. de 2024 · Question On May 1, Anders Company, Inc. purchersed merchandiso in the amount of $5,800 from shiling, with credit ... Courtland Company purchased merchandise from Cox Supply Company for $3,650 FOB shipping point with credit terms 2/10/n/30. Culver Freight Company charged $350 to deliver the merchandise, which … WebAccounting questions and answers. TB MC Qu. 04-111 (Static) On May 1, Anderson Company purchased... 17 On May 1 Anderson Company purchased merchandise in … how long before i can paint wallpaper
On may 1. anders company purchased merchandise in the …
WebOn May 1, Anders Company purchased merchandise in the amount of $5,800 from Shilling, with credit terms of 2/10, n/30. Anders uses the perpetual inventory system and the gross method. The journal entry that Anders will make on May 1 is: merchandise inventory: debited 5,800 accounts payable: credited 5,800. Web11 de out. de 2024 · On may 1, anders company purchased merchandise in the amount of $5,800 from shilling, with credit terms of 2/10, n/30. anders uses the perpetual … Web13 de fev. de 2024 · Amount of merchandise purchased = $5,800. Credit terms = 2/10 and n/10. By using a perpetual system and gross method, Thus, the Journal entry will be as follows: On May 1, Merchandise inventory A/c Dr. $5,800 To accounts payable $5,800 (To record the purchase of merchandise on account at May 1) how long before iran has nuclear weapons