FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Question
Solve Part (d) and Part (e)
una invoice from one of Sound Design's vendors, Target Electronic Wholesalers Sold to: Sound Design Stock# 4811V 511CX Invoice 6146M 1031A 480 McDowell Rd. Phoenix, AZ 85008 Stock Description 4813V Stereo Receivers 511CX Blu-Ray Players 6146M Home Theater Systems 1001A LCD TVs Description (a) Complete the invoice temization by finding the total amount (in $) for each item, the merchandize total (n) and the total amount of the invoice (in Stereo Receivers Blu Ray Players Home Theater Systems LCD TVs ELECTRONIC WHOLESALERS 1979 N.E. 123 Street Jacksonville, Florida 32204 Merchandise Total Insurance+ Shipping TARGET Invoice Total Unit Price 50x529350 25x3133.28- 40x3656.11- 20 x 5942:00- Invoice Date: June 28, 2000x Terms of Sale: 3/15, 30 ROG Merchandise Total Insurance Shipping $1,250.00 Invoice Total Unit Price Amount 50 x $293.50 514675.00 25x $133.28 $3332.00 40x565612 $ 26244 80 20x5592.00 $11840.00 Amount $ 56001 80 $1250.00 $57341.80 G (b) What are the discount date and the net date if the shipment arved on July 15? Discount Date -Select- Net Date -Select- (c) While in transit, five Blu-ray players and four LCD TVs were damaged and will be retamed What is the amount (in 5) of the returned merchandise? What is the revised merchandise total (in $37 Returned merchandise Revised merchandise total $ (d) What are the amount (in 5) of the cash discount and the net amount due if the discount is taken? (Round your answers to the nearest cent) Cash discount $ Net amount due $ (e) If Sound Design sends in a partial payment of $30,000.00 within the discount period what is the net balance in 53 stil du? (Round your answer to the nearest cent)
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Transcribed Image Text:una invoice from one of Sound Design's vendors, Target Electronic Wholesalers Sold to: Sound Design Stock# 4811V 511CX Invoice 6146M 1031A 480 McDowell Rd. Phoenix, AZ 85008 Stock Description 4813V Stereo Receivers 511CX Blu-Ray Players 6146M Home Theater Systems 1001A LCD TVs Description (a) Complete the invoice temization by finding the total amount (in $) for each item, the merchandize total (n) and the total amount of the invoice (in Stereo Receivers Blu Ray Players Home Theater Systems LCD TVs ELECTRONIC WHOLESALERS 1979 N.E. 123 Street Jacksonville, Florida 32204 Merchandise Total Insurance+ Shipping TARGET Invoice Total Unit Price 50x529350 25x3133.28- 40x3656.11- 20 x 5942:00- Invoice Date: June 28, 2000x Terms of Sale: 3/15, 30 ROG Merchandise Total Insurance Shipping $1,250.00 Invoice Total Unit Price Amount 50 x $293.50 514675.00 25x $133.28 $3332.00 40x565612 $ 26244 80 20x5592.00 $11840.00 Amount $ 56001 80 $1250.00 $57341.80 G (b) What are the discount date and the net date if the shipment arved on July 15? Discount Date -Select- Net Date -Select- (c) While in transit, five Blu-ray players and four LCD TVs were damaged and will be retamed What is the amount (in 5) of the returned merchandise? What is the revised merchandise total (in $37 Returned merchandise Revised merchandise total $ (d) What are the amount (in 5) of the cash discount and the net amount due if the discount is taken? (Round your answers to the nearest cent) Cash discount $ Net amount due $ (e) If Sound Design sends in a partial payment of $30,000.00 within the discount period what is the net balance in 53 stil du? (Round your answer to the nearest cent)
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