Which of the following is NOT classified as selling expense? salary of agent salary of janitor salary of cashier salary of store manager
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- An unhappy customer just returned $50 of the items he purchased yesterday when he charged the goods to the companys store credit card. Which special journal would the company use to record this transaction? A. sales journal B. purchases journal C. cash receipts journal D. cash disbursements journal E. general journalTo intensify the collection of receivables, Kate's Trading offered 2/10, n/30 to customers. What discount is being offered by the company? purchase discount cash discount sales discount trade discountImportant Note! Before you start working on this problem, watch the Hint video. This video shows you exactly how to work this problem. Compute the amount to be paid for each of the four separate invoices assuming that all invoices are paid within the discount period a. b. Merchandise (gross) $ S C. $ d. $ 7,800 24,200 80.600 17,000 Terms 2/10, n/60 1/15, n/90 1/10, n/30 3/15, n/45 Payment
- Please answer it completely. If not, don't answr it. 1.Which of the following is NOT classified as selling expense? salary of agent salary of janitor salary of cashier salary of store manager 2. Ian purchased 10 boxes of face shields from Kia Trading. The sales invoice shows an amount equivalent to 9 boxes of face shields. What discount does Kia Trading offered to Ian? A.purchase discount B trade discount C sales discount D credit discount 3. To intensify the collection of receivables, Rex's Trading offered 2/10, n/30 to customers. What discount is being offered by the company? A purchase discount B cash discount C sales discount D trade discount1.A customer pays on credit for $1,250 worth of merchandise, terms 4/15, n/30. If the customer pays within the discount window, how much will they remit in cash to the retailer? $1.200 $2.500 $50 $1.2501. The form issued by a seller to inform a buyer that a credit has been made to accounts receivable. 2. Under the periodic system, it is the account credited when the proprietor withdraws merchandise for personal use. 3.. It is the amount of reduction allowable from the list price of goods offered for sale. 4. This is computed by deducting returns and allowances and partial payments from the invoice cost. Choices Sales Purchase invoice Purchase discount Debit memo Trade discount Drawing Trade - In Capital Purchase Allowances Sales Invoice Credit memo Cash discount
- A customer returns $690 worth of merchandise and receives a full refund. What accounts recognize this sales return, assuming the customer has not yet remitted payment to the retailer? Group of answer choices 1.accounts receivable, sales returns and allowances 2.accounts receivable, cash 3.sales returns and allowances, purchases 4.sales discounts, cost of goods soldUse the following sales journal to record the transactions. All credit sales are terms of n/30. (If a box is not used in the journal leave the box empty; do not select information or enter a zero.) A (Click the icon to view the transactions.) Sales Journal Page Invoice Customer Post. Accounts Receivable DR Cost of Goods Sold DR Date No. Account Debited Ref. Sales Revenue CR Merchandise Inventory CR 2024 Jun. More Info Jun. 1 Sold merchandise inventory on account to Fred Jig, $1,270. Cost of goods, $1,000. Invoice no. 101. Jun. 8 Sold merchandise inventory on account to lan Frog, $2,225. Cost of goods, $1,580. Invoice no. 102. Jun. 13 Sold merchandise inventory on account to Jillian Trump, $380. Cost of goods, $300. Invoice no. 103. Jun. 28 Sold merchandise inventory on account to Glen Whitney, $900. Cost of goods, $610. Invoice no. 104. Print DoneUse the following sales journal to record the transactions. All credit sales are terms of n/30. (If a box is not used in the journal leave the box empty; do not select information or enter a zero.) A (Click the icon to view the transactions.) Sales Journal Page 1 Invoice Customer Post. Accounts Receivable DR Cost of Goods Sold DR More Info Date No. Account Debited Ref. Sales Revenue CR Merchandise Inventory CR 2024 Jun. 1 Sold merchandise inventory on account to Flynn Jackson, $1,240. Cost of goods, $920. Invoice no. 101. Jun. Sold merchandise inventory on account to Irene Far, $2,050. Cost of goods, $1,630. Invoice no. 102. Jun. 8 Jun. 13 Sold merchandise inventory on account to Jason Trip, $320. Cost of goods, $230. Invoice no. 103 Jun. 28 Sold merchandise inventory on account to Grace Wright, $840. Cost of goods, $640. Invoice no. 104. Print Done
- If Abby INC sells items to a customer who uses a credit card for $1100 and there is a credit card fee of 1.5% Abby will record an : ______ Round your final answer to the nearest dollar A. DEBIT TO ACCOUNT RECIEABLE FOR $1083 B. Credit to sales revenue for $1083 C. debit to sales expense for $17 D. Debit to credit card discount expense for $17When a company makes a sale and accepts a credit card payment from a customer, the company: Multiple Choice debits Cash. credits Accounts Receivable. credits Cash. debits Accounts Receivable. < Prev 29 of 50 Next T:TA customer pays on credit for $1,250 worth of merchandise, terms 4/15, n/30. If the customer pays within the discount window, how much will they remit in cash to the retailer? Assume the perpetual inventory system is used. A.$1,200 B.$500 C.$50 D.$1,250
