What is the correct term for the above document and what would need to be included for it to qualify as a full tax invoice?
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1. What is the correct term for the above document and what would need to
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- Course: 11D ACCT 1 Introduct X A Not secure | alphacollege.ddns.net:5056/moodle/course/view.php?id%328 Apps M Gmail O YouTube Мaps E-Alpha * My Coulehat are the merchandise inventory Access Pascodeentries of the following statements? Assignment#5 1) Sep1 Business sold $2400 inventory to ACE Inc., the cost is $600, Terms 2/5, n/15 FOB 2) Sep1 Business purchased $3600 of inventory from Westelm, Terms 1/10, n/20 FOB 3) Sep3 Business purchased $3000 of inventory from Citylight Inc. paid in cash 4) Sep6 Business Received ACE Inc's money. 5) Sep9 business purchased inventory $2700 from SilentSolar Ltd, Terms: 1/5, n/10, FOB 6) Sep11 Business paid Westelm in full 7) Sep30 paid SilentSolar Ltd for the Sep9 purchase Alpha College of Business and Technology Alpha E-Learning 2020 You are logged in as Harmanpreet Kaur. 4303546 (Log out) Home P Type here to search ASUS 立Office Home M (no subject) - s127095@student. 6 ch01 Cost Concepts Garrison 21 75183&page=4 SQU PORTAL ATTENDANCE SQU E-LEARNI خدمات التعلم الإلكتروني 9 Jis :XYZ Co. has the following information 0.80 علم هذا السؤال Inventory at 1st Inventory at 31st Dec 2020 Jan 2020 35,000 OMR 20,000 OMR Raw Materials Inventory 18,000 OMR 15,000 OMR Work in Process Inventory 20,000 OMR 30,000 OMR Finished Goods Inventory :Additional information for the year is as follows 100,000 OMR Raw materials purchases 75,000 OMR Direct labor 85,000 OMR Manufacturing overhead applied 80,000 OMR Manufacturing overhead Actual OMR Indirect materials .Compute the adjusted cost of goods sold None of the given answer is correct .a O OMR 252,000 b O OMR 258,000 .cO OMR 257,000 d O OMR 247,000 e OiCloud x Q Accounti X Norfolk S X Q CIS Test b Answere x x O Week 6 -X * Paraphra x BLOG 31 X + Assignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false A sales invoice included the following information: merchandise price, $6,700; terms 1/10, n/eom, FOB shipping point with prepaid freight of $1,100 added to the invoice. Assuming that a credit for merchandise returned of $700 is granted prior to payment and the invoice is paid within the discount period, what is the amount of cash that should be received by the seller? Oa. S7,040 Ob. S693 Oc. $8,426 Od. $7,733 Nex Previous
- sesión en Outlook * CengageNOW2 | Online teachin x M McGraw Hill - Login eAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false eBook Show Me How Purchase-Related Transactions Oppenheimer Company purchased merchandise on account from a supplier for $13,400, terms 1/10, n/30. Oppenheimer Company returned $1,700 c the merchandise and received full credit. a. What is the amount of cash required for the payment within the discount period? b. Under a perpetual inventory system, what account is credited by Oppenheimer Company to record the return?¢ iCloud x Q Accounti x Norfolk S x Q CIS Test : xb Answere x Week 6 - X Paraphra x BLOG 31 X + ignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false ☆ Tp Upo Periodic Inventory by Three Methods The units of an item available for sale during the year were as follows: Jan. 1 Inventory 7 units @ $42 Feb. 17 Purchase 9 units @ $44 Jul, 21 Purchase 4 units @ $45 Nov. 23 Purchase 18 units @ $46 There are 7 units of the item in the physical inventory at December 31. The periodic inventory system is used. Round average unit cost to the nearest cent and final answers to the nearest whole dollar, if required. a. Determine the inventory cost by the first-in, first-out method. b. Determine the inventory cost by the last-in, first-out method. C. Determine the inventory cost by the weighted average cost method. %24 %24A2 Fall 2021-2022 OFIN445 Ch. 1-5 Flashcards | Quizt x google.com/forms/d/e/1FAlpQLSdhx7wkRBg-5ysLm-AeX919m2L5F4Jxzbwov4D68iWUmoFzSg/formResponse?pli=1 Required Income Statement: The income statement of Fairoz store Inc. is given for the years 2020 & 2019. 2020 2019 General and administrative expenses 21,600 24,000 Interest expense 1,500 1,500 Net sales $136,400 $138,000 11,660 12,720 Selling Expense $1,023.0 5,230 Income taxes 99,000 95,000 COGS 770 450 Gain on Sale of land 1. What is the operating profit margin for the company over the years 2020 and 2019 respectively?
- tle=pccertified-professional-in-financial-accounting 5e33e716ef363&c=9&p=1 O New Tab 6 Currency Conversion O Silberline Intranet S.. @ https://www.comm... A SAP Health Declara. I Silberline Home ( Previous al Question 1/50 O 117 min 15 secs 2% 89% Done In October 2015 Utland sold some goods on sale or return terms for $2,500. Their cost to Utland was $1,500. The transaction has been treated as a credit sale in Utland's financial statements for the year ended 31 October 2015. In November 2015 the customer accepted half of the goods and returned the other half in good condition. What adjustments, if any, should be made to the financial statements? A. Sales and receivables should be reduced by $2,500, with no adjustment to closing inventory B. ) Sales and receivables should be reduced by $2,500, and closing inventory increased by $1,500. C. Sales and receivables should be reduced by $1,250, and closing inventory increased by $750 D. No adjustment is necessary Next O Mark For Review @…Q ENG 1141: Session 13 Discussion Board Instructions - E... Sales-Related and Purchase-Related Transactions Using Perpetual Inventory System Instructions Chart of Accounts Journal Instructions Nov. The following were selected from among the transactions completed by Harrison Company during November of the current year: 23 3 24 28 30 4 6 13 14 15 v2.cengagenow.com 5 My Home 8 Sold merchandise on account to Quinn Co., $15,010 with terms n/15. The cost of the merchandise sold was $10,190. Paid Moonlight Co. on account for purchase of November 3, less return of November 6. Sold merchandise on VISA, $231,570. The cost of the merchandise sold was $142,060. Paid Papoose Creek Co. on account for purchase of November 5. Received cash on account from sale of November 8 to Quinn Co. Purchased merchandise on account from Moonlight Co., list price $89,000, trade discount 30%, terms FOB destination, 2/10, n/30. Sold merchandise for cash, $38,210. The cost of the merchandise sold was $20,810.…10:59 * ll l O NO DAT AGSESSVENT POST FACH 3OUENAL ENTEY TO Is dOR kESPUDILla LED GER (CRITE YOHR ANSUER S N SEPARATE OF PAPPIR THE OWNER P(URCAASED SUPPIFS WORTAPIe GENERAL SDUENAL PAGE1 DATE A CCOUNT TIFFLE AND FXPLANTI ON PR DEBIT CREDF 2019 JUL- SUPPLIES CASA AC COUNT HAME ACCOUrt TITLY AN EXPLEHATIDN ACCOUT HO CREDIT BALANCFS DATE J.R DEBIT ACCOLNT NAME ACOCUNT TITLE DATE LAND EKPLAIATi J.R ACCOUnT HD- CREDIT IBALANCES DEBIT TitE BUSINESS RECENED P 8. FOR SERVICES RENDFRED 6FNERALTOURNAL ACCOUNT TITLE AND PR DFBIT EXPLAH RTIDN DATE CREDIT 2019 sul- CASH SERVICE REVE MUE 46
- uo 11:.0 A itc.birzeit.edu Z9. 1 0 * JAWWAL I. Question 14 Not yet answered Marked out of 1.0 P Flag question The following information is available from Carron Company's 2019 accounting records: Purchases $530,000 Purchase discounts .10,000 Freight-out ..40,000 Beginning inventory 160,000 Ending inventory 215,000 Freight- in .7,000 Purchases returns and allowances...7,000 Requirement: Calculate the cost of goods sold for the year 2019. (When writing your answer do not use commas or sign of the dollar. For example, if your answer is $1,500, write it as 1500) Answer: IIUse the Panorama Products invoice below to answer the question. (Note: Although 26 boxes of 2" reflective tape were ordered, only 10 boxes were shipped. Charge only for the boxes shipped.) Invoice Table INVOICE No. R-7539 Panorama Products INVOICE DATE June 16, 20XX 486 5th Avenue CUSTOMER S ORDER NO. 13122 Eureka, CA 95501 SHIP TO: SOLD TO: J.M. Hardware Supply 2051 West Adams Blvd. Lansing, MI 48901 SAME TERMS Net 45 Days FOD. Effingham, IL SALESMAN SHIPPED VIA H. Herman Gilbert Trucking DESCRIFTION UNIT AMOUNT QTY. ORDERED OTY. SHIPPED Masking Tape 1/2" Standard S21.70 16 cases 16 cases Masking Tape 1 1/2" Standard 25.79 11 cases 26 boxes 10 boxes 2 Reflective Tape 88.56 74.64 37 case Sandpaper Assorted 37 case INVOICE SUBTOTAL $61.45 SHIPPING CHARGES Insurance $32.99 INVOICE TOTAL What is the insurance on the invoice? O $61.45 O $32.99 O s210.69 O Effingham, IL O None listed20/Renolta traders purchased goods on 7th April, 2018 for RO 78,000 on credit under the payment terms 3/10, n/30 and paid cash on 15th April, 2018. How would you record this in the books of buyer under perpetual inventory system? a. Account payable RO 78,000 Dr / Merchandise inventory RO 2,340 Cr / Cash RO 75,660 Cr b. Account payable RO 78,000 Dr / Cash RO 78,000 Cr c. Cash RO 75,660 Dr / Merchandise inventory RO 2,340 Dr /Account payable RO 78,000 Cr d. Cash RO 78,000 Dr / Account payable RO 78,000 Cr