On March 12, Klein Company sold merchandise in the amount of $8,200 to Babson Company, with credit terms of 2/10, n/30. The cost of the items sold is $4,700. Klein uses the perpetual inventory system and the net method of accounting for sales. On March 15, Babson returns some of the merchandise, which is not defective. The selling price of the returned merchandise is $640 and the cost of the merchandise returned is $370. The entry or entries that Klein must make on March 15 is (are):
Answers: 3
Business, 22.06.2019 14:20
Jaynet spends $50,000 per year on painting supplies and storage space. she recently received two job offers from a famous marketing firm – one offer was for $95,000 per year, and the other was for $120,000. however, she turned both jobs down to continue a painting career. if jaynet sells 35 paintings per year at a price of $6,000 each: a. what are her accounting profits? b. what are her economic profits?
Answers: 1
Business, 22.06.2019 23:30
Sole proprietorships produce more goods and services than does any other form of business organization.
Answers: 2
Business, 23.06.2019 12:30
Use the internet to research legal concerns that could result from increased use of technology in business. discuss some of these concerns.
Answers: 3
On March 12, Klein Company sold merchandise in the amount of $8,200 to Babson Company, with credit t...
History, 21.05.2020 21:12
Mathematics, 21.05.2020 21:12
English, 21.05.2020 21:12
English, 21.05.2020 21:12
Mathematics, 21.05.2020 21:12
Mathematics, 21.05.2020 21:12
Mathematics, 21.05.2020 21:12
Mathematics, 21.05.2020 21:12
Mathematics, 21.05.2020 21:12
Mathematics, 21.05.2020 21:12
Biology, 21.05.2020 21:12
Health, 21.05.2020 21:12
Mathematics, 21.05.2020 21:12