June 7 Purchased 3985 in parts and merchandise accessories from Zeaman Sprintcraft. The credit terms are 1/10 n/30 and the goods are shipped FOB shipping point via a separate carrier. The transportation costs will be paid later upon receipt of the freight invoice.
What journal entries need to be made under a perpetual inventory?
June 6 - Issued Ck to Kawasaki, USA as payment in full of the May 27 invoice total $14,560. Terms of the purchase were 2/10. n/30. Remember to account for the savings to inventory achieved by paying the discount within the discount period allowed (credit Merchandise Inventory)
What would the journal entries be under perpetual inventory method?
June 6 - Issued Ck to Kawasaki, USA as payment in full of the May 27 invoice total $14,560. Terms of the purchase were 2/10. n/30. Remember to account for the savings to inventory achieved by paying the discount within the discount period allowed (credit Merchandise Inventory)
What would the journal entries be under perpetual inventory method?
I have a problem that says:
June 6 - Dividends totaling $3600 were declared by the board of directors of the corporation. The dividends will be paid to all stockholders on record on June 25. Currently there are 36,000 shares of company stock outstanding (shares issued and held by stockholders)
What journal issues would need to be made?
What journal entries need to be made under a perpetual inventory?
June 6 - Issued Ck to Kawasaki, USA as payment in full of the May 27 invoice total $14,560. Terms of the purchase were 2/10. n/30. Remember to account for the savings to inventory achieved by paying the discount within the discount period allowed (credit Merchandise Inventory)
What would the journal entries be under perpetual inventory method?
June 6 - Issued Ck to Kawasaki, USA as payment in full of the May 27 invoice total $14,560. Terms of the purchase were 2/10. n/30. Remember to account for the savings to inventory achieved by paying the discount within the discount period allowed (credit Merchandise Inventory)
What would the journal entries be under perpetual inventory method?
I have a problem that says:
June 6 - Dividends totaling $3600 were declared by the board of directors of the corporation. The dividends will be paid to all stockholders on record on June 25. Currently there are 36,000 shares of company stock outstanding (shares issued and held by stockholders)
What journal issues would need to be made?