On september 12, vander company sold merchandise in the amount of $5,800 to jepson company, with credit terms of 2/10, n/30. the cost of the items sold is $4,000. jepson uses the periodic inventory system and the gross method of accounting for purchases. jepson pays the invoice on september 18, and takes the appropriate discount. the journal entry that jepson makes on september 18 is:
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “On september 12, vander company sold merchandise in the amount of $5,800 to jepson company, with credit terms of 2/10, n/30. the cost of ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Joey has recently joined an advertising firm as an executive. He keeps asking Michael, his manager, for feedback on his performance. Michael, who normally has problems giving feedback to his subordinates, is delighted by Joey's attitude.
Answers (1)
Suppose your boss has asked you to analyze two mutually exclusive projects-project A and project B. Both projects require the same investment amount, and the sum of cash inflows of Project A is larger than the sum of cash inflows of project B.
Answers (2)
Nichole has been a police dispatcher who answers 911 calls. After working in this position in the police department for a while, she decides that she wants to become a police officer. Nichole would like to change her job pathway. career cluster. job.
Answers (2)
In 2000, when the consumer price index (cpi) was 172.2, aramis purchased a house for $111,500. assuming that the price of houses increased at the same rate as the cpi from 1990 to 2000, approximately how much would the house have cost in 1990, when
Answers (1)
In complete sentences, explain advantage and disadvantage for paying by cash.
Answers (1)
New Questions in Business
A company calculates the value of inventory by using the lower-of-market valuation method. which value should the company report for the inventory item for the period?
Answers (1)
To test an herbal treatment for acid reflux disease, 100 volunteers who suffered from mild indigestion were randomly divided into two groups. Each person was given a month's supply of tea bags.
Answers (1)
A facility management pro forma cash flow statement has beginning accounts receivable and payable balances of ¥18,000,000 (Japanese Yen) and ¥20,000,000.
Answers (1)
Which of the following statements about the consumers' responses to rising gasoline prices is correct? a. Because gasoline is a necessity, consumers do not decrease their quantity demanded in either the short run or the long run. b.
Answers (1)
which of the following statements is most accurate when describing the reasons the market value of a company could be substantially higher than it's book value?
Answers (1)