Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 5. on november 1, bonita blankets sold goods and a

5. On November 1, Bonita Blankets sold goods and accepted a note of $48,000, six-month,...

50.1K

Verified Solution

Question

Accounting

image
5. On November 1, Bonita Blankets sold goods and accepted a note of $48,000, six-month, with annual interest rate of 10% from the customer. The December 31 adjusting entry should be: 6. Which of the following should not be included in inventory? a. Product was shipped to a customer, FOB destination, and has not received by the customer. b. Purchases have been ordered and received, but no invoice has arrived. c. Product was shipped to a customer, FOB shipping point, and has not received by the customer. d. Product was shipped to a department store as a consignment 7. Which one of the following costs should be included in the cost of a manufactured inventory? a. Office supplies used b. Depreciation for headquarter office building c. Salaries of supervisors of the manufacturing plant d. Freight-out costs

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Find the power series solution for the equation y'' + (sinx)y = x; y(0) = 0;...

Advance Math
Q

What protein provides the energy/force needed to translocate proteins into the endoplasmic reticulum?DynaminOligosaccharyl transferaseRan-GTPThe ribosomeThe...

Biology
Q

P A and B Simplify your answer Type an integer or a decimal

Basic Math
Q

In 2012, the population of a city was 5.62 million. The exponential growth rate was...

Basic Math
Q

Suppose the following estimated regression equation was determined to predict salary based on years of...

Statistics
Q

Simplify the following assuming x 0 y 0 and z 0 288x y z 2...

Calculus
Q

Find the rational number representation of the repeating decimal 0 945

Calculus
Q

14. Charles Gilbert, a corporate executive, incurred business-related expenses during the current year which were...

Accounting
Q

Q1) If the subsidiary has recorded goodwill in its records at acquisition date; how does...

Accounting
Q

Jade Inc. recorded the following information pertaining to its inventory for the month of January:...

Accounting
Q

Consider the two (excess return) Index-model regression results for stocks A and B. The risk-free...

Finance
Q

A clothing store buys shorts for $57.00 less ...

Accounting