Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 299 pe 6-5a transactions for buyer and seller obj.

299 PE 6-5A Transactions for buyer and seller OBJ. 2 Sather Co. sold merchandise to...

70.2K

Verified Solution

Question

Accounting

image
299 PE 6-5A Transactions for buyer and seller OBJ. 2 Sather Co. sold merchandise to Boone Co. on account, $31,800, terms 2/15, n/30. The cost of the merchandise sold is $19,000. Journalize the entries for Sather Co. and Boone Co. for the sale, purchase, and payment of amount due. Assume all discounts are taken. PE 6-5B Transactions for buyer and seller OBJ. 2 Shore Co. sold merchandise to Blue Star Co. on account, $112,000, terms FOB shipping point, 2/10, n/30. The cost of the merchandise sold is $67,200. Shore Co. paid freight of $1,800. Journalize the entries for Shore Co. and Blue Star Co. for the sale, purchase, and payment of amount due. Assume all discounts are taken

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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

1. Will online retailers, in general, experience a positive outcome in opening physical stores? 2. For what...

Operations Management
Q

What goals are attempted to be accomplished by the presentation of the cash flow statement to...

Accounting
Q

A fitness center claims that the mean amount of time that a person spends at...

Statistics
Q

Find the x values of all points whe f x x 3 6x 2 12x...

Calculus
Q

Choose ALL correct statements if more than one are correct Let vectors i 1 1...

Algebra
Q

a Find the slope of the line through 16 8 and 18 16 b Based...

Algebra
Q

5 Solve the systems of linear equations using the substitution method Express your answers as...

Algebra
Q

A student provided the solution for solving the following equation Click on the part in...

Algebra
Q

Briefly explain two (2) limitations of SWOT analysi

Accounting
Q

Sav Homework: Homework Assignment # 5 Score: 0 of 1 pt 8 of 11 (5...

Accounting
Q

On July 1, 2015, immediately after recording interest payments, Salsa, Inc. retired one fifth of...

Accounting
Q

Hello, i need help preparing a CASH BUDGET statement, given the information from the statements...

Accounting