Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. t15-3 (similar to) question help 8. best buy compu

T15-3 (similar to) Question Help 8. Best Buy Computers has the following transactions in June...

90.2K

Verified Solution

Question

Accounting

image
image
T15-3 (similar to) Question Help 8. Best Buy Computers has the following transactions in June related to the sale of merchandise inventory (Click the icon to view the transactions.) Journalize the sales transactions for Best Buy Computers assuming the company uses the perpetual inventory system. (Record debits first, then credits. Select the explanation on the last line of the journal entry table. Assume the company records sales at the net amount) Jun. 12: Sold computers on account for $8,500 to a customer, terms 1/15, n/45. The cost of the computers is $5,100. Begin by preparing the entry to joumalize the sale portion of the transaction. Do not record the expense related to the sale. We will do that in the following step. Accounts and Explanation Date Debit Credit Jun. 12 ntry to pt in the follo More Info June 12 Sold computers on account for $8,500 to a customer, terms 1/15, n/45. The cost of the computers is $5,100. 26 Received payment from the customer on balance due. Print Done

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

Medical Sciences
1.2K views

Mammalian fetuses develop in conditions dubbed ‘Everest in utero’. Explain what ‘Everest in utero’ refers to...

Psychology
1.2K views

Introduction to Speech Just Need the questions answerd in paraged format. Thanks! Cultural Diversity in the United...

Psychology
1.2K views

i need a scenario for factorial design

Basic Math
1.2K views

Twenty students belong to a summer baseball team, Included Sam and Jose. Each day at...

Algebra
1.2K views

Evaluate the following expression for x= -2, y=4, and z= -1.3x - 5y-6z3x-5y-6z= 0

Algebra
1.2K views

Simplify the complex rational expression by using the LCD Be sure to remove any common...

Accounting
1.2K views

Parkovash, Incorporated, obtained 100 percent of Salerno Companys common stock on January 1, 2023, by...

Accounting
1.2K views

Midland Company buys tiles and prints different...

Accounting
1.2K views

Each of the four independent situabons below dest bes a finance lease in which annuat...

Accounting
1.2K views

Only need the answers for the 2 red X's Pleae...

Accounting
1.2K views

Retail Cost 347,900 784,000 980,000 730,100 39,200 Beginning inventory Purchases Freight in Mark ups Mark...

Accounting
1.2K views

Question 2: (16 marks) (B1, CI) The Fruity Bakers specialize in making delicious cakes. Their...