This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Souper Bowls sold 500 of merchandise to a customer for cash. The sales tax was 5. How much cash did ... (Read 95 times)

michelleunicorn

  • Hero Member
  • *****
  • Posts: 565
on: Jul 5, 2018
Souper Bowls sold 500 of merchandise to a customer for cash. The sales tax was 5. How much cash did Souper Bowls receive?
 
  A) 525
  B) 371
  C) 329
  D) 210

Question 2

Under the periodic inventory system, the journal entry to record the purchase of merchandise inventory will include a debit to
 a. Merchandise Inventory
  b. Purchases
  c. Accounts Payable
  d. Cost of Merchandise Purchased


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

joshbk44

  • Sr. Member
  • ****
  • Posts: 340
Reply #1 on: Jul 5, 2018
Answer to Question 1

A

Answer to Question 2

b


michelleunicorn

  • Member
  • Posts: 565
Reply 2 on: Jul 5, 2018
Great answer, keep it coming :)

alexanderhamilton

  • Member
  • Posts: 334
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

Did you know?

Looking at the sun may not only cause headache and distort your vision temporarily, but it can also cause permanent eye damage. Any exposure to sunlight adds to the cumulative effects of ultraviolet (UV) radiation on your eyes. UV exposure has been linked to eye disorders such as macular degeneration, solar retinitis, and corneal dystrophies.

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Cats sold for meat alongside ducks Cats sold for meat alongside ducks
Rabbit meat sold commercially Rabbit meat sold commercially
Bank teller assisting with customer service. Bank teller assisting with customer service.
Lean 6 sigma - Fishbone Diagram - CAUSES & Effects OF LOW CUSTOMER SATISFACTION Lean 6 sigma - Fishbone Diagram - CAUSES & Effects OF LOW CUSTOMER SATISFACTION
Electric and butane-powered soldering guns used to make electrical repairs. Soldering guns are sold ... Electric and butane-powered soldering guns used to make electrical repairs. Soldering guns are sold ...
Covering the interior as soon as the vehicle comes in for service helps improve customer ... Covering the interior as soon as the vehicle comes in for service helps improve customer ...
Video: Basic rhythm - control centers in medulla oblongata, spirograph and normal tidal cycle

For a complete list of videos, visit our video library