Can I get the answer of this problem? (With solutions in good accounting form) Thank...
90.2K
Verified Solution
Link Copied!
Question
Accounting
Can I get the answer of this problem? (With solutions in good accounting form) Thank you.
On July 1, APPLE purchased a machine worth 21,000,000 subject to a 2% cash discount if paid within 120 days. Freight on the machinery amounted to 315,000. Construction of bases for such machine acquired amounted to 4,050,000. On November 15, APPLE paid the supplier of the machine. How much is the total cost of the machine to be reported in the year-end statement of financial position?
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!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.