subject
Business, 12.07.2019 03:20 sclifton2014

$7,000 of merchandise inventory was ordered on september 2, 2009 2. $3,000 of this merchandise was received on september 5, 2009 3. on september 6, 2009, an invoice dated september 4, 2009, with terms of 3/10, net 30 for $3,250 which included a $250 prepaid freight cost, was received. 4. on september 10, 2009, $800 of the merchandise was returned to the seller. based on the above information, what would be recorded as the cash payment if the invoice is paid within the discount period?
debit to merchandise inventory $800
debit to purchases returns $800
credit to merchandise inventory $800
credit to accounts payable $800

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 17:30
Gary lives in an area that receives high rainfall and thunderstorms throughout the year. which device would be useful to him to maintain his computer?
Answers: 2
question
Business, 22.06.2019 19:50
Right medical introduced a new implant that carries a five-year warranty against manufacturer’s defects. based on industry experience with similar product introductions, warranty costs are expected to approximate 2% of sales. sales were $8 million and actual warranty expenditures were $42,750 for the first year of selling the product. what amount (if any) should right report as a liability at the end of the year?
Answers: 2
question
Business, 22.06.2019 20:10
While cell phones with holographic keyboards are currently in the introduction stage of the industry life cycle, tablet computers are in the growth stage. in the context of this scenario, which of the following statements is true? a. the industry for cell phones with holographic keyboards will face greater competition than the tablet industry. b. while the industry for cell phones with holographic keyboards will focus more on product innovation, the tablet industry will focus more on process innovation. c. while the industry for cell phones with holographic keyboards can reap the benefits of economies of scale, the tablet industry will experience no such benefits. d. the industry for cell phones with holographic keyboards will face price competition, whereas, in the tablet industry, the mode of competition will be non-price.
Answers: 2
question
Business, 22.06.2019 20:30
Contrast two economies that transitioned to capitalism and explain what factors affected the ease kf their transition as welas the “face” of capitalism that each has adopted
Answers: 2
You know the right answer?
$7,000 of merchandise inventory was ordered on september 2, 2009 2. $3,000 of this merchandise was r...
Questions
Questions on the website: 13722360