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11/19/19

Stear Corp. purchases goods on credit for $2,000. It records this transaction in the journal. It then returns a quarter of these goods to the vendor because they were defective. How will the

accountant record the transaction of returning the defective goods in the journal?A. Accounts Receivable Account (debit)   2,000    Purchase Return Account (credit)     2,000B. Purchase Return... more

11/12/19

Business Accounting (Merchandising)

Firas sold merchandise on account to Fatin, RM15,000, terms FOB shipping point, n/45. The cost of the goods sold was RM9,000. Firas paid the RM1,000 shipping costs. In Fatin’s journal entry, what... more

Perpetual General Journal

Sold merchandise to cornerstone co. for $3,400 under credit terms of 2/10 , n/60, FOB shipping point. The merchandise had cost $2,100How should this be answered by entering into Journal Entries

09/14/19

One of the motives behind mergers and acquisitions is to exploit market imperfections. I don't understand, can someone please explain how this works?

One of the motives behind mergers and acquisitions is to exploit market imperfections. I don't understand, can someone please explain how this works?

Business Law Finance

Emma has provided to you a listing of the transactions she has undertaken throughout the financial year to assist you in completing her 2015 income tax return.Sale of a block of land for... more

09/13/19

Accounting question

The total asses of Brandon Co. are $810,000 and it’s liabilities are equal to one-fourth of its total assets. What is the amount of Brandon Co. stockholders’ equity?

09/11/19

An item sells for ​$80 and is reduced to sell for ​$50 . Find the markdown amount and the rate of markdown.

An item sells for ​$80 and is reduced to sell for ​$50. Find the markdown amount and the rate of markdown.

What is the entry of it?

Bought merchandise on account 1000 and paid freight of 500

How do I add common stocks to the cash balance on a balance sheet?

I am currently working on my Accounting homework and I cannot figure out this answer. I have everything figured out except for the correct cash balance on the balance sheet. A side not says that... more

why a sole trader might want to become a partnership

why a sole trader might want to become a partnership- Benefits Disadvantages Conclusion

Which Version of Microsoft Word created a given document?

I'm starting to get multiple MS Word documents sent to me, and I'd like to detect what version of MS word created, or last saved, each doc. Is there some tool for that? Or, can I determine such... more

Calculating the total capital of a company?

I was wondering how do we calculate the total capital of a company? Which items should I look for in the financial statements? And how do I calculate notes payable? Is the same as accounts payable?

What year was christopher born?

When Christopher Columbus was 41 yrs. old he sailed the ocean. His final expedition 10 years later ,which took 2 yrs.. He died 2 years after his final expedition ended. What year was Christopher born? more

Accounting question, journal entry error regarding prepaid insurance

I am struggling to find what exactly is wrong about these journal entries? All the other examples I've looked up look the exact same. Please advise! Thanks.      Assume that you are the chief... more

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