Business, 03.06.2021 16:50 NycJahlilThegoat

Record the following transactions for Sparkyâs Pet Shop. August 1 Purchased $6,000 of merchandise on account, terms 2/10, n/30.
3 Returned $1,500 of merchandise purchased on August 1 due to defects.
7 Recorded cash sales for the first week of August, $9,750; cost of the merchandise was $4,000.
10 Made sale on account to a local breeder for $500, terms 1/10 net 30; cost of the merchandise was $200.
11 Paid for the merchandise purchased on August 1, less return.

Required:
Journalize the above transactions.

Answers: 2

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Answers

Answer from: shadowselena63

August 1

Dr Finished goods inventory $6,000

Cr Accounts Payable $6,000

Aug 3

Dr Accounts Payable $1,500

Cr Finished goods inventory $1,500

Aug 7

Dr Cash $9,750

Cr Sales Revenue$9,750

Aug 7

Dr Costs of goods sold $4,000

Cr Finished goods inventory $4,000

Aug 10

Dr Accounts receivable $500

Cr Sales revenue $500

Aug 10

Dr Costs of goods sold $200

Cr Finished goods inventory $200

Aug 11

Dr r Accounts receivable $4,500

Cr Finished goods inventory $90

Cr Cash $4,410

Aug 20

Dr Cash $495

Dr Sales discount $5

Cr Accounts receivable $500

Explanation:

August 1

Dr Finished goods inventory$6000

Cr Accounts Payable $6,000

Aug 3

Dr Accounts Payable $1,500

Cr Finished goods inventory $1,500

Aug 7

Dr Cash$9,750

Cr Sales Revenue$9,750

Aug 7

Dr Costs of goods sold $4000

Cr Finished goods inventory $4000

Aug 10

Dr Accounts receivable $500

Cr Sales revenue $500

Aug 10

Dr Costs of goods sold $200

Cr Finished goods inventory $200

Aug 11

Dr r Accounts receivable $4,500

Cr Finished goods inventory $90

[($6,000-$1,500)*2%]

Cr Cash $4,410

($4,500-$90)

Aug 20

Dr Cash $495

(99%*500)

Dr Sales discount $5

(1%*$500)

Cr Accounts receivable $500

Answer from: Quest

bd = 9 cm

step-by-step explanation:

in a 30°-60°-90° triangle, the ratio of side lengths is 1 : √3 : 2. that is, the longest side (hypotenuse) is twice the length of the shortest side.

all of the triangles in your geometry are 30°-60°-90° triangles. ac is the hypotenuse of δacd, and the short side of δabc.

the short side ad of δacd will be half the length of ac, so 3 cm. the hypotenuse ab of δabc will be twice the length of ac, so 12 cm. segment bd is the difference of the lengths ab and ad, so is

bd = ab -ad

bd = 12 cm - 3 cm = 9 cm

comment on side length ratios

you can figure the ratios of side lengths in a 30°-60°-90° triangle by considering the trig ratios of the angles. or you can figure the length of the altitude of an equilateral triangle of side length 2 using the pythagorean theorem.

Answer from: Quest

this is all on your opinion. you choose what you want to do.

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Record the following transactions for Sparkyâs Pet Shop. August 1 Purchased $6,000 of merchandise o...

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