Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. on april 1, moloney meat distributors sold merchan

On April 1, Moloney Meat Distributors sold merchandise on account to Fronke's Franks for $3,570...

60.1K

Verified Solution

Question

Accounting

imageimageimage

On April 1, Moloney Meat Distributors sold merchandise on account to Fronke's Franks for $3,570 on Invoice 1001, terms 1/10, n/30. The cost of merchandise sold was $2,140. Payment was received in full from Fronke's Franks, less discount, on April 10. Record the transactions for Moloney Meat Distributors on April 1 and April 10. The company uses the perpetual inventory system. (Round final answers to the nearest whole dollar value.) View transaction list Journal entry worksheet On April 1, Moloney Meat Distributors sold merchandise on account to Fronke's Franks for $3,570 on Invoice 1001, terms 1/10, n/30. Note: Enter debits before credits. General Journal Debit Credit Date April 01, 2019 |Accounts receivable/Fronke's Franks 3,570 Sales 3,570 Record entry Clear entry View general journal On April 1, Moloney Meat Distributors sold merchandise on account to Fronke's Franks for $3,570 on Invoice 1001, terms 1/10, n/30. The cost of merchandise sold was $2,140. Payment was received in full from Fronke's Franks, less discount, on April 10. Record the transactions for Moloney Meat Distributors on April 1 and April 10. The company uses the perpetual inventory system. (Round final answers to the nearest whole dollar value.) View transaction list Journal entry worksheet The cost of merchandise sold was $2,140. Note: Enter debits before credits. General Journal Debit Credit Date April 01, 2019 Sales discounts Cash [Accounts receivable/Fronke's Franks Record entry Clear entry View general journal On April 1, Moloney Meat Distributors sold merchandise on account to Fronke's Franks for 1001, terms 1/10, n/30. The cost of merchandise sold was $2,140. Payment was received in full from Fronke's Franks, less discount, on April 10. Record the transactions for Moloney Meat Distributors on April 1 and April 10. The company uses the perpetual inventory system. (Round final answers to the nearest whole dollar value.) View transaction list Journal entry worksheet

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