Alpha Corporation sells $2799 of merchandise on account to Blackwell Company with credit terms of 3 /10, n/30. If Blackwell Company remits a check taking advantage of the discount offered, what is the amount of the check? O a. $2883 O b. $2799 O c. $2715 O d. $84

On May 27, you received your bank statement showing a balance of $1,026.34. Your checkbook shows a balance of $1,056.29. Outstanding checks are $245.50 and $377.20. The account earned $62.59. Deposits in transit amount to $705.24, and there is a service charge of $10.00. Calculate the reconciled balance. $29.95 $943.80 O $1,003.70 O $1,108.88

A company sells Gizmos to consumers at a price of $117 per unit. The cost to produce Gizmos is $27 per unit. The company will sell 15,000 Gizmos to consumers each year. The fixed costs incurred each year will be $190,000. There is an initial investment to produce the goods $3,400,000 which will be depreciated straight line over the 10-year life of the investment to a salvage value of $0. The opportunity cost of capital is 6% and the tax rate is 34%. What is the operating cash flow each year?

TB MC Qu. 07-137 (Algo) On November 1, Orpheum Company accepted... On November 1, Orpheum Company accepted a $12,000, 90-day, 10% note from a customer to replace an account receivable. What entry should be made by Orpheum on the November 1 to record the acceptance of the note? Multiple Choice ces Debit Notes Receivable $12,000; credit Cash $12,000. Debit Notes Receivable $12,000; credit Accounts Receivable $12,000. Debit Notes Receivable $12,000; credit Sales $12,000. Debit Notes Receivable $12,300; credit Accounts Receivable $12,000; credit Interest Dovonue t200 < Prev 13 of 20 Next 1,069 15 tv MacBook Air 80 F3 DD F2 F4 F5 F6 F7 F8 F9 %23 %24 & 3 4 7 8. W R T Y < co

34) Globe traders business has the following transactions for the month of May 2019. 9- Sold goods and received cash of RO 5,450                                                                        14- Received rent of RO 900                                                                                    19- Received cash from MN traders of RO 2,300 for the goods sold on May 15, 2019, on credit.                                                                        25- Sold goods to RG traders and received cash of RO 7,750                                                                                                                                                           Calculate and show the amount which will be transferred to Cash sales column of Cash receipts book for the month of May 2019? a. RO 13,200 b. RO 10,050 c. RO 2,300 d. RO 900

Prepare a cash payments journal and then record the following cash payments transactions. July 5 Issued Check No. 910 to Kam Corp. to buy store supplies for $500. 13 Issued Check No. 911 for $4,000 to pay off a note payable to China Bank. 24 Issued Check No. 912 to Lim to pay the amount due from a July 16 purchase less the discount of $20. It purchased merchandise for $1,000 on credit from Lim, terms 2/10, n/30. 29 Paid salary of $700 to B. Tung by issuing Check No. 913.

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Journalize the following entries to record the adjusting entries on the books of Company YOU. Bank reconciling items:  Deposit in transit: ₱160,000 deposit on 6/29. Outstanding check: ₱380,000 Check #1116 on 6/28. Book reconciling items:  Credit memos: ₱350,000 deposit on 6/10 + ₱410,000 deposit on 6/28 = ₱760,000. Debit memos: ₱2,000 payment on 6/15 + ₱50,000 payment on 6/20 = ₱52,000.

21) Solo traders has the following transactions for the month of February 2019. 9- Goods purchased and paid cash of RO 2,200                                                                        14- Paid Salaries of RO 800                                                                                      19- Paid cash of RO 8,400 to Ali mart for the goods purchased on credit.                                                                       24- Paid RO 6,600 to Black traders for the goods purchased on credit.                                                                                                        Calculate and show the amount which will be transferred to Account payable column of Cash payments book for the month of February 2019? a. RO 8,400 b. RO 2,200 c. RO 15,000 d. RO 800

The trial balance of Pacilio Security Services, Incorporated as of January 1, Year 8, had the following normal balances: $93,708 100 22,540 1,334 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. Cash Petty cash Accounts receivable Allowance for doubtful accounts Supplies Prepaid rent Merchandise inventory (18@ $285) 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. Land Salaries payable Common stock Retained earnings During Year 8, Pacilio Security Services experienced the following transactions: 1. Paid the salaries payable from Year 7. 2. Purchased equipment and a van for a lump sum of $36,000 cash on January 2, Year 8. The equipment was appraised for $10,000 and the van was appraised for $30,000. Requirement 3. Paid $9,000 on May 1, Year 8, for one year's office rent in advance. 4. Purchased $300 of supplies on account 5. Purchased 120 alarm systems at a cost of $280 each. Pald cash for the purchase. 6. After numerous attempts to collect from customers, wrote off $2,350 of uncollectible accounts…