The journal entry to record a credit sale of merchandise on…

The journal entry to record a credit sale of merchandise on the sellers books is a.  Cash             Sales Revenue   b. Cash             Service Revenue   c. Accounts Receivable             Service Revenue   d. Accounts Receivable             Sales Revenue

Partridge Bookstore had 500 units on hand at January 1, cost…

Partridge Bookstore had 500 units on hand at January 1, costing $9 each. Purchases and sales during the month of January were as follows: Date                                        Purchases                               Sales Jan.    14                                                                             375 @ $14            17                                250 @ $10            25                                250 @ $11            29                                                                             260 @ $16   Partridge does not maintain perpetual inventory records. According to a physical count, 365 units were on hand at January 31.   The cost of the inventory at January 31, under the FIFO method is:

Consider the following claim about A Raisin in the Sun: In s…

Consider the following claim about A Raisin in the Sun: In some ways, George and Asagai represent two competing understandings of life in the United States. George favors assimilation into a White culture; Asagai celebrates his African heritage in defiant rejection of a White culture that often denigrates Black experience. Which of the following is NOT a detail from the play that supports this claim?

Eneri Company’s inventory records show the following data:  …

Eneri Company’s inventory records show the following data:                                                                            Units            Unit Cost Inventory, January 1                                        10,000               $9.20 Purchases:        June 18                                   9,000                 8.00                           November 8                            6,000                 7.00   A physical inventory on December 31 shows 4,000 units on hand. Eneri sells the units for $13 each. The company has an effective tax rate of 20%. Eneri uses the periodic inventory method. What is the cost of goods available for sale?

(The alignment may shift a bit due to Canvas formatting) The…

(The alignment may shift a bit due to Canvas formatting) The following items are taken from the financial statements of the Postal Service for the year ending December 31, 2019: Accounts payable                                                                              $  18,000 Accounts receivable                                                                              11,000 Accumulated depreciation – equipment                                               28,000 Advertising expense                                                                              21,000 Cash                                                                                                      15,000 Common stock                                                                                      42,000 Dividends                                                                                               14,000 Depreciation expense                                                                           12,000 Insurance expense                                                                                  3,000 Note payable, due 6/30/16                                                                    70,000 Prepaid insurance (12-month policy)                                                      6,000 Rent expense                                                                                        17,000 Retained earnings (1/1/15)                                                                   60,000 Salaries and wages expense                                                                32,000 Service revenue                                                                                  133,000 Supplies                                                                                                   4,000 Supplies expense                                                                                    6,000 Equipment                                                                                           210,000   What is the company’s net income for the year ending December 31, 2019?