Business, 23.12.2021 01:20 paolaz80045
This information relates to Oriole Co..
1. On April 5, purchased merchandise from Ivanhoe Company for $26,800, terms 3/10, n/30.
2. On April 6, paid freight costs of $750 on merchandise purchased from Ivanhoe Company.
3. On April 7, purchased equipment on account for $32,800.
4. On April 8, returned $3,600 of April 5 merchandise to Ivanhoe Company.
5. On April 15, paid the amount due to Ivanhoe Company in full.
Required:
(a) Prepare the journal entries to record the transactions listed above on Oriole Co.'s books. Oriole Co. uses a perpetual inventory system.
(b) Assume that Oriole Co. paid the balance due to Ivanhoe Company on May 4 instead of April 15. Prepare the journal entry to record this payment.
Answers: 2
Business, 22.06.2019 14:30
United continental holdings, inc., (ual), operates passenger service throughout the world. the following data (in millions) were adapted from a recent financial statement of united. sales (revenue) $38,901 average property, plant, and equipment 17,219 average intangible assets 8,883 1. compute the asset turnover. round your answer to two decimal places.
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Business, 22.06.2019 21:30
Which of the following results in an increase in the standard of living? a. an increase in unemployment pushes down the cost of production. b. wages go up to correct for the inflation of prices. c. income increases, enabling consumers to buy more goods and services. d. rising production costs drive up the price of goods and services.
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Acountry has reached a level of economic development where the manufacturing of both semidurable and nondurable consumer goods has just begun. also, the goods demanded relate to equipment and supplies to support manufacturing. in which stage of rostow’s five-stage model of economic growth does the country fit?
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This information relates to Oriole Co..
1. On April 5, purchased merchandise from Ivanhoe Company...
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