Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. please help/show work trying to learn! tarke

please help/show work trying to learn! tarkers taked Goods...

70.2K

Verified Solution

Question

Accounting

please help/show work trying to learn!
image
tarkers taked Goods purchases dag treats from a supplier on February 2 ata quantity of 10,000 treats at $i per treat. Terms of the purchase are 2/10w30. Barkers pays half the amount due in cash on February 28 but cannot pay the remaining balance due in four days. The supplier renegotiates the terms on March 4 and allows Barkers to convertit purchase payment into a short-term noto, with an annual interest rate of 6 percent, payable in 9 months. Show the entries for the meal purchase, the partial payment, and the conversion. It an amount box does not require an entry, leave it bilan Feb, 2 Feb. 28 III III Mar 4

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

Statistics
1.2K views

Let's assume our class represents a normal population with a known mean of 90 and population...

Psychology
1.2K views

In a minimum of 500 words, describe 5 ways that you can be proactive in your...

Physics
1.2K views

2 Two point charges qA 3 Cand qB 3 C are located 20 cm apart...

Geometry
1.2K views

3 Find m PST Q P S 11x 3 5r 9 T H

Basic Math
1.2K views

Mike purchases a new jet ski at 7 200 After researching online he discovers that...

Calculus
1.2K views

The data in the table below represents the percentage of patients who have survived after...

Accounting
1.2K views

Dave and Sarah Stevens 2020 Individual Income Tax Return Form...

Accounting
1.2K views

Discuss why an organization may use different bases for evaluating the performance of managers...

Accounting
1.2K views

Question 3 (or 5 20.00 points M9-3 Computing Interest Expense LO9-3 Kioso Company bo owed...

Accounting
1.2K views

Which options do you select on the Requisition Preferences page? (Choose two) Preferred...

Accounting
1.2K views

Feb. 1 The board of directors declared a stock split which reduced the par of...

Finance
1.2K views

Test Problems/Analytical Thinking Questions 1. Future value: Zainab Ali Yahya received a graduation present of...