Sold merchandise inventory on account for $4,900. Payment terms were 3/15, n/30. These goods cost the company $2,450 Begin by preparing the entry to journalize the sale portion of the transaction. Do not record the expense related to the sale. We will do that in the following step Debit Credit Date Accounts Feb. 10
Now journalize the expense related to the February 10 sale-Cost of goods, $2,450
Debit Credit Date Accounts Feb. 10 Feb. 12:
Paid amount owed on credit purchase of February 3, less the return and the discount.
Debit Credit Date Accounts Feb. 12

What would be the input, conversion and output of developing a new soft drink

How does having a flexible mind you become a better employee? a. it you become more honest toward work. b. it you become a team player. c. it you learn new things that will better your performance. d. it you to finish your work on time. e. it you reach work on time

Oakmont company has an opportunity to manufacture and sell a new product for a four-year period. the company’s discount rate is 18%. after careful study, oakmont estimated the following costs and revenues for the new product: cost of equipment needed $ 230,000 working capital needed $ 84,000 overhaul of the equipment in year two $ 9,000 salvage value of the equipment in four years $ 12,000 annual revenues and costs: sales revenues $ 400,000 variable expenses $ 195,000 fixed out-of-pocket operating costs $ 85,000 when the project concludes in four years the working capital will be released for investment elsewhere within the company. click here to view exhibit 12b-1 and exhibit 12b-2, to determine the appropriate discount factor(s) using tables.