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- Blossom Company purchases various types of beach toys for sale to consumers. Listed below are the transactions for the month of June. Blossom uses a perpetual inventory system. June 1 Purchased 25 water tubes for $260 each terms n/30 FOB destination. 8 Returned 4 tubes purchased on June 1 due to defects. Received a full refund for the defective tubes. 10 Freight charges of $100 for the June 1 transaction are paid by the responsible party. 11 Made a complaint about competitive pricing. Received a $400 credit for the water tubes purchased on June 1. 15 Purchased 110 water tubes for $235 each on account, terms 2/10 n/30. 18 Made payment for the amount owing for the June 1 transaction. 20 Made payment for the amount owing for the June 15 transaction.42 O Browser geNOWv2 | Online teachin X + n/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false DSU AcadCalendar C crunchy roll crunchy roll A Home - Hudl Spotify EReadir U D2L O DSU Support PDSU WebMail O DSU Account Monaco & Associates Use the following five transactions for Monaco & Associates, Inc. to answer the question(s). October 1 Bills are sent to clients for services provided in September in the amount of $800. Dravo Co. delivers office furniture ($1,060) and office supplies ($160) to Monaco 6 leaving an invoice for $1,220. 15 Payment is made to Dravo Co. for the furniture and office supplies delivered on October 9. 23 A bill for $430 for electricity for the month of September is received and will be paid on its due date in November. 31 Salaries of $850 are paid to employees. Based only on these transactions, what is the total amount of expenses that should appear on the income statement for the month of October? Oa. $1,280 Ob. $430…Registers in OBO: Multiple Choice Display more detailed information about accounts Display all transactions for the account Display a running balance for the account All of these choices are correct.
- LutoSave 日 Off UnitlILabAssignment_Question1 O Search (Alt-Q) Protected View Home Insert Draw Page Layout Formulas Data Review View Help PROTECTED VIEW Be careful-files from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View. Enable Editing fx Formula: Multiply, Subtract; Cell Referencing A D E F G H. K Formula: Multiply, Subtract; Cell Referencing Using Excel to Record Stock Entries Student Work Area PROBLEM Required: Provide input into cells shaded in yellow in this template. Select account names from the drop-down lists. Use cell references to the data area. Use mathematical formulas to calculate any amounts not given. On May 10, Jack Corporation issues common stock for cash. Shares of stock issued Par value per share 2,000 24 %24 10.00 Amount at which stock issued 18.00 Journalize the issuance of the stock. 10 11 Date Debit Credit 12 May 10 13 14 15 16 17 18 19 20 21 22 23 25 26 27 28 29 30 31 32 33 Enter Answer Ready 24Saved Help Save In 2021, the internal auditors of Blooper Inc. discovered that goods costing $12 million that were shipped f.o.b. shipping point in December of 2020 were in transit on December 31. The goods were recorded as a purchase in December of 2020 but were not included in the 2020 year-end inventory. Prepare the journal entry needed in 2021 to correct the error. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) View transaction list Journal entry worksheet Record the necessary entry to correct the error. Note: Enter debits before credits. Transaction General Journal Debit CreditThe Intanglble assets and goodwlll reported by Ivanhoe Corporatlon at December 31, 2020, follow: Copyrights (#1) $35,740 Less: Accumulated amortlzatlon 17.870 $ 17,870 Trademarks 50,390 Gంoరnll 119,060 Total $ 187,320 A copyright (#1) was acqulred on January 1, 2019, and has a useful life of four years. The trademarks were acqulred on January 1, 2017, and are expected to have an Indefinlte lfe. The company has a December 31 year end and prepares adjusting Journal entrles annually. The following cash transactlons may have affected Intanglble assets and goodwll during 2o21: Jan. Pald S 6,920 In legal costs to successfully defend the trademarks agalnet Infringement by another company. July Developed a newproduct, Incurring 5 201,940 In research and S 49.500 In development costs with probable fueure benefits. The product Is expected to havea useful life of 18 years, 1. Pald 5 55,670 to a popular hockey player to appear In commerdlals advertising the company's products. The commerclals will…
- Question Completion Status: QUESTION 2 Posting: transfers journal entries to ledger accounts. a. transfers ledger transaction data to the journal. Ob. is an optional step in the recording process. c. normally occurs before journalizing. d. QUESTION 3 Q5. All statement are limitations of trial balance Except: Click Save and Submit to save and submit. Click Save AlZ Answers to save all answers.True or false? In a manual system, it is proper to splits journal entry at the bottom page.Subject : Accounting what is the lowest subscription level of QuickBooks online that allows custom fields to be added to purchase orders?
