Business, 06.05.2020 03:32 charleneubah3902
The following information pertains to Marin Solar Panels, Inc. July 1 Sold $126,000 of solar panels to Cullumber Company with terms 4/15, n/30. Marin uses the gross method to record cash discounts. Marin estimates allowances of $1,500 will be honored on this sale. 12 Sold $82,000 of solar panels to Bramble Corp. with terms of 5/10, n/60. Marin expects no allowances related to this sale. 18 Bramble Corp. paid Marin for its July 12 purchase. 20 Cullumber calls to indicate that the panels purchased on July 1 work well, but the color is not quite right. Marin grants a credit of $2,700 as compensation. 29 Cullumber Company paid Marin for its July 1 purchase. 31 Marin expects allowances of $6,540 to be grated in the future related to solar panel sales in July. Prepare the necessary journal entries for Marin.
Answers: 1
Business, 21.06.2019 22:30
True or false: on january 1, year one, the epstein corporation buys a plot of land with a four-story office building. the company believes the building is worth $1.9 million and has an estimated life of twenty years (with no anticipated residual value). the straight-line method is used. the land has an assessed value of $100,000. because the seller was interested in a quick sale, epstein was able to buy this land and building for $1.7 million. depreciation expense to be recognized in year one is $80,750.
Answers: 3
Business, 22.06.2019 01:00
The law says your employer is responsible for providing you with a safe and healthy workplace. true or false?
Answers: 1
Business, 22.06.2019 10:20
Blue spruce corp. has the following transactions during august of the current year. aug. 1 issues shares of common stock to investors in exchange for $10,170. 4 pays insurance in advance for 3 months, $1,720. 16 receives $710 from clients for services rendered. 27 pays the secretary $740 salary. indicate the basic analysis and the debit-credit analysis.
Answers: 1
Business, 22.06.2019 12:20
If jobs have been undercosted due to underallocation of manufacturing overhead, then cost of goods sold (cogs) is too low and which of the following corrections must be made? a. decrease cogs for double the amount of the underallocation b. increase cogs for double the amount of the underallocation c. decrease cogs for the amount of the underallocation d. increase cogs for the amount of the underallocation
Answers: 3
The following information pertains to Marin Solar Panels, Inc. July 1 Sold $126,000 of solar panels...
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