Entries by Munene david

Given below are account balances for Charlie Company: Gross sales, $108,000 Sales returns and allowances, $5,000

May 6, 2020 in /by

.Given below are account balances for Charlie Company: Gross sales, $108,000 Sales returns and allowances, $5,000 Selling expenses, $12,000 Cost of goods sold, $48,000 Interest expense, $3,000 How much is the gross profit margin? (enter your percentage as a decimal rounded to two decimal places. Example – enter 46% as .46) 2.Merchandise is sold on account […]

 

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AA 1.Given below are account balances for Charlie Company: Gross sales, $108,000

May 6, 2020 in /by

AA 1.Given below are account balances for Charlie Company: Gross sales, $108,000 Sales returns and allowances, $5,000 Selling expenses, $12,000 Cost of goods sold, $48,000 Interest expense, $3,000 How much is the gross profit margin? (enter your percentage as a decimal rounded to two decimal places. Example – enter 46% as .46) 2.Merchandise is sold on […]

 

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7.Annapolis Company’s bank statement indicated an

May 6, 2020 in /by

AA<br/><br/><br/>7.Annapolis Company’s bank statement indicated an ending cash balance of $8,440. Alpha’s accountant discovered that outstanding checks amounted to $565 and deposits in transit were $760. Additionally, the bank statement showed service charges of $35. What is the correct adjusted ending cash balance 8.Baltimore Company uses aging to estimate uncollectibles.  At the end of the fiscal year, […]

 

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7.Annapolis Company’s bank statement indicated an ending cash balance

May 6, 2020 in /by

7.Annapolis Company’s bank statement indicated an ending cash balance of $8,740. Alpha’s accountant discovered that outstanding checks amounted to $1,015 and deposits in transit were $480. Additionally, the bank statement showed service charges of $30. What is the correct adjusted ending cash balance 8.Baltimore Company uses aging to estimate uncollectibles.  At the end of the fiscal year, […]

 

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