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Bonus #2:     In a retailer’s periodic inventory system, the beginning inventory is the

On January 1, 2012 XYZ sells 10,000 units of inventory to ABC.  The list price of each unit of inventory sold is $20.  Due to the high volume of inventory purchased by ABC, XYZ offers a 10% trade discount on this purchase price.  In addition, XYZ offers a cash discount with term 3/15, n/45 to encourage faster collection.  XYZ uses the net method to account for cash discounts.  ABC pays for the inventory on January 13th to pay off the balance in full. What is the revenue journal entry that XYZ will record on January 1, 2012?

Tom Inc. performs a physical inventory count on 12/31/2021 and accidentally double counts a room that has $35,000 of inventory in it (so the inventory in this room gets counted twice)! This mistake is not repeated when they perform the physical inventory count at the end of the following year (12/31/2022), which is done correctly. Assuming that Tom Inc. reports the following information on their 2021 and 2022 financial statements:   As reported:                                             12/31/2021                  12/31/2022 Ending Inventory                                      $200,000                     $300,000 Cost of Goods Sold                                  $500,000                     $450,000 Net Income                                               $140,000                     $170,000 Retained Earnings                                     $500,000                     $670,000   Please indicate what the corrected 2022 Net Income total would be if the mistake had not been made?

Tom Inc. performs a physical inventory count on 12/31/2021 and accidentally double counts a room that has $35,000 of inventory in it (so the inventory in this room gets counted twice)! This mistake is not repeated when they perform the physical inventory count at the end of the following year (12/31/2022), which is done correctly. Assuming that Tom Inc. reports the following information on their 2021 and 2022 financial statements:   As reported:                                             12/31/2021                  12/31/2022 Ending Inventory                                      $200,000                     $300,000 Cost of Goods Sold                                  $500,000                     $450,000 Net Income                                               $140,000                     $170,000 Retained Earnings                                     $500,000                     $670,000   Please indicate what the corrected 2021 Retaining Earnings total would be if the mistake had not been made?

Which of the following is included in ending inventory when considering goods in transit at year end?

Bonus #1:     The following accounts were extracted from the unadjusted trial balance at 12/31:                                                                                       Debit                           Credit              Accounts Receivable                                       $2,000,000             Allowance for Uncollectible Accounts                                              $16,000             Net credit sales                                                                                    $6,000,000   They estimate that 3% of gross ending accounts receivable will become uncollectible.  After adjustment at 12/31, the allowance for uncollectible accounts should have a credit balance of?

AG Inc. made a $25,000 sale on account with the following terms: 2/10, n/30. If the company uses the net method to record sales made on account, what is (are) the debit(s) in the journal entry to record the sale?

A patient address is an example of _________ data.​

A patient with end-stage renal disease is most likely to be covered by _____.​

Brovana is a __________ agent? A. SABA B. LABA C. Ultra- SABA