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 91 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 :)

Joy Chen

  • Member
  • Posts: 354
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

The oldest recorded age was 122. Madame Jeanne Calment was born in France in 1875 and died in 1997. She was a vegetarian and loved olive oil, port wine, and chocolate.

Did you know?

Immunoglobulin injections may give short-term protection against, or reduce severity of certain diseases. They help people who have an inherited problem making their own antibodies, or those who are having certain types of cancer treatments.

Did you know?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

Did you know?

Cyanide works by making the human body unable to use oxygen.

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Cane toad merchandise Cane toad merchandise
Phrases that Decrease Customer Service Level Phrases that Decrease Customer Service Level
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 ...
A form that the customer should fill out if there is a driveablilty concern to help the service ... A form that the customer should fill out if there is a driveablilty concern to help the service ...
Step 8 is very important. Be sure that the customer’s concern has been corrected. Step 8 is very important. Be sure that the customer’s concern has been corrected.
Compute the rate of discount allowed on a rotor-tiller that lists for $341.00 and is sold for ... Compute the rate of discount allowed on a rotor-tiller that lists for $341.00 and is sold for ...
Video: Net filtration pressure and lymph formation, edema & blood velocity

For a complete list of videos, visit our video library