Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. julie's bridal has total sales of $12,700 on augus

Julie's Bridal has total sales of $12,700 on August 7. Of that amount, she received...

90.2K

Verified Solution

Question

Accounting

image
Julie's Bridal has total sales of $12,700 on August 7. Of that amount, she received $3,900 in cash. The remaining customers put the sales on account. The company paid $7,800 for the merchandise. Prepare the journal entries required to record the sales using a perpetual inventory system. 8/7 Debit [Select) $ (Select) >

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

The combustion of 0.4196 g of hydrocarbon releases 17.55 kJ of heat. The masses of the...

Chemistry
Q

Predict the effect hypertonic, hypotonic and isotonic solution will have on animal cells (red blood cells)...

Biology
Q

how smooth increase in muscle force is produced

Medical Sciences
Q

2. i. Consider a binary source alphabet where a symbol 0 is represented by 0 volt...

Physics
Q

In this week's Module, Chapter 2 discusses the 5 Industry Life Cycle Stages (Start-up, Rapid Growth,...

General Management
Q

Car battery The mileage of a car battery is exponentially distributed with a mean value of 10000...

Basic Math
Q

2 Mucin is a protein present in saliva and other secretions When mixed with water...

Biology
Q

Parallelogram GRAM in the coordinate plane has vertices G 0 0 R 6 0 and...

Basic Math
Q

Find a point normal form of the equation of the plane passing through P 1...

Algebra
Q

The comparative balance sheet for Fair Isle Travel Services, Inc., for December 31, 2017 and...

Accounting
Q

You have just been hired by Dunder Mifflin Paper Company in their financial accounting research...

Accounting
Q

Assuming the standard deviation is what you computed in part 3 and assume today is...

Finance