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- What should i do? Record the Contracted services of $82,500 as performed. Note: Enter debits before credits. Transaction General Journal Debit Credit 6bCalculate the credit given for the partial payment and the net amount due on the invoice (in $). (Round your answers to the nearest cent.) Amount of Terms of Partial Credit for Net Invoice Sale Payment Partial Payment Amount Due $8,303.00 2/10, n/30 $2,600 $ 52 $ 5,651 Need Heln? Read ItCalculate the credit given for the partial payment and the net amount due on the invoice (in $). (Round your answers to the nearest cent.) Amount ofInvoice Terms ofSale PartialPayment Credit forPartial Payment NetAmount Due $8,303.00 2/10, n/30 $2,400 $ $
- How do I record this transaction; Issues credit memo to Targhee Co., $27500, terms FOB shipping point, 1/10, n/30?Calculate the credit given for the partial payment and the net amount due on the invoice (in $). (Round your answers to the nearest cent.) Amount of Invoice Terms of Sale Partial Credit for Partial Payment Net Payment Amount Due $5,998.20 4/15, n/60 $2,300 $Calculate the credit given for the partial payment and the net amount due on the invoice (in $). (Round your answers to the nearest cent.) Credit for Amount of Invoice Terms of Partial Net Sale Payment Partial Payment Amount Due $5,998.20 4/15, n/60 $3,100
- 15. Complete the General Journal entry to record the following BAS refund, from the ATO Payment amount $500. Represented by GST Collected 2,500; PAYG Withheld 600; GST paid 3,600 General Journal GST PAID PAYG WITHHELD GST COLLECTED DR CRneed help finding the net payment and credit towards account still due invoice amount= $538.42 date of invoice= April 23 Date of payment= May 14 credit terms= 3/10,1/15, n/30 E.O.M Net price= ?g In | Federa x M UMassD Logor X EQuickLaunch -x K myCourses Da: x Univ of Mass - X * Cengage Die education.com mework i Saved View transaction list Journal entry worksheet 1 4 6 7 8 9. 10 cearch 近
- Determine the amount to be paid in full settlement of each of the following invoices, assuming that credit for returns and allowances was received prior to payment and that all invoices were paid within the discount period. Merchandise a. P8,000 3,000 b. c. 19,000 d. 5,000 e. 10,000 Transportation Paid by Seller P100 150 FOB shipping point, 1/10, n/30 FOB shipping point, 2/10, n/30 FOB destination, n/30 FOB shipping point, 1/10, n/30 FOB destination, 2/10, n/30 Returns and Allowances P2,400 1,400 800 1,200Required: Age of Receivables. (Classify them to: 0-30 days, 31-60, 61-90, and 90+ days) Afterwards, compute for the Past Due Ratio. Amount Due Name of Client Amount of Credit (PHP) Date of Granting Due Date 03/01/2022 04/01/2022 02/14/2022 04/01/2022 11/01/2021 06/12/2021 Tengen Uzui Inc. 100,000.00 Kyojuro Rengoku Company Shinobu Kocho Ltd. 200,000.00 300,000.00 04/01/2022 Muichiro Tokito Inc. 400,000.00 04/01/2022Question 1. Trial balanceLand and premises 2000000Furniture 120000Inventory (01/04/19) 80000Import on duty 4000Wages of contract workers 46000Salaries 64000Carriage for goods purchased 5200Carriage for goods sold 12400Discounts 24900 25080Purchases and sales 705200 237252200 Rent 11200 13000Commission 15600 17400Bills receivable 1080012% investment (1/10/19) 136000Donation to national fund 1260010% bank loan 112000Factory rent 64000Receivables and payables 920000 240000eBank 728000Bad debts 66000 Provision for doubtful debts 20000Rates and taxes 31200BrokerageCapitalQueen corona 500000Queen covid 500000Current accountQueen corona 20000Queen covid 128000 Additional informationDue to the economic recession at the moment, the partners estimated that more of their receivables may not be able to settle their debts, hence, they wrote off additional debts of GHc 15000 and agreed to maintain provisions for doubtful debts at 5%.They agreed to provide for discount on receivables at 5%.All…