Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 21 pointwith reference to the information in quest

21 pointWith reference to the information in question #1, assume that in 2023 P sales...

60.1K

Verified Solution

Question

Accounting

21 pointWith reference to the information in question #1, assume that in 2023 P sales to S totaled$550,000(at selling price), and $80,000 remained in S' warehouse on 12/31/23. The 2023elimination entry would include adebit to inventory for $16,000.debit to inventory for $550,000debit to retained earnings for $12,000.debit to CGS for $106,000.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

The majority of exoplanets are gas giants. Are rocky planets (Earth) rare? Explain.

Physics
Q

Question 01: Describe the most widely used techniques of family therapy.

Psychology
Q

Phylum Zygomycota the molds Phylum Glomeromycota the mycorrhizal fungus Phylum the club fungus Phylum Ascomycota...

Biology
Q

Evaluate the following expressions. Your answer must be an angle in radians and in the...

Basic Math
Q

Cullumber Co. had 205000 shares of common stock, 20800 shares of convertible preferred stock, and...

Accounting
Q

George and Suzanne have been married for 40 years. Suzanne inherited $1,000,000 from her mother....

Accounting
Q

Cul es la relacin entre el valor presente y el concepto de pasivo? a) Los...

Accounting
Q

-Jordon is admitted to a partnership with a 25% capital interest by a cash investment...

Accounting
Q

Variable costs are relevant costs, and fixed costs are irrelevant costs

Accounting
Q

Job Order costing 20 points Blow Off takes special orders to manufacture race fast Cars...

Accounting
Q

BU430, Survey of Global Business List and explain the entry modes available...

Accounting
Q

Emtia ihracat yapan Orta lekli bir irket iin CFO olarak. Pazarlarnz arlkl olarak ABD ve...

Finance