nload 21.On September 4, Real Housewares has $16,500 in sales, with customers paying $10,750 In...
90.2K
Verified Solution
Link Copied!
Question
Accounting
nload 21.On September 4, Real Housewares has $16,500 in sales, with customers paying $10,750 In cash and the remainder on account. Real Housewares purchased the merchandise for 4,800. Prepare the journal entries required to record the sales using a perpetual inventory system. 22. Modern Glassware sold $8,250 of merchandise to Kitchen Supply on account on October 10with the terms 2/10, n/40. The company paid $2,100 for the merchandise. Kitchen Supply paid for the purchase on October 17 to take advantage of the discount. Record the sale of the merchandise and the receipt of the payment 23. Assume that Real Housewares gives all customers that pay on account the credit terms 4/15, n/60. On September 1, the company makes sales of $8,000 of merchandise on account, which cost $3,500. If all customers pay by the end of the discount period, on September 15, prepare the journal entries to record the sale of goods and receipt of cash. 28. Bird & Bottle purchases merchandise from Bottle Co Bottle Co. will add shipping to B&0's invoice. is this purchase considered to be FOB destination or FOD shipping? whe has titie to the merchandise during shipping
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!
