Given the following items and costs as of the balance sheet date, determine the value of faltron company's merchandise inventory. $1,000 of goods sold by faltron to another company are in transit and shipping terms are fob destination. $2,000 of goods sold by another company to faltron are in transit and shipping terms are fob destination. $3,000 of goods owned by faltron are in the possession of a consignee. damaged goods owned by faltron that originally cost $4,000 now have a $500 net realizable value.

Following are the transactions for valdez services. the company paid $2,000 cash for payment on a 6-month-old account payable for office supplies. the company paid $1,200 cash for the just completed two-week salary of the receptionist. the company paid $39,000 cash for equipment purchased. the company paid $800 cash for this month’s utilities. the company paid $4,500 cash in dividends to the owner (sole shareholder). examine the above transactions and identify those that create expenses for valdez services. prepare general journal entries to record those transactions that created expenses in the above given order.

Asavings account that pays interest every 3 months is said to have a interest period

When an interest-bearing note comes due and is uncollectible, the journal entry includes debitingaccounts receivable and crediting notes receivable and interest revenue.accounts receivable and crediting interest revenue.notes receivable and crediting accounts receivable and interest revenue.notes receivable and crediting accounts receivable.