Information related to Bramble Co. Is presented below. 1. On April 5, purchased merchandise on account from Tamarisk Company for $41,700, terms 2/10, net/30, FOB shipping point. 2. On April 6, paid freight costs of $790 on merchandise purchased from Tamarisk. 3. On April 7, purchased equipment on account for $27,100. 4. On April 8, returned damaged merchandise to Tamarisk Company and was granted a $5,700 credit for returned merchandise. 5. On April 15, paid the amount due to Tamarisk Company in full.

Answers

Answer 1

Answer:

See below for the journals.

Step-by-step explanation:

Note: The instructions of the question are as follows:

Instructions

(a) Prepare the journal entries to record these transactions on the books of Bramble Co. using a periodic inventory system.

(b) Assume that Bramble Co. paid the balance due to Tamarisk Company on May 4 instead of April 15. Prepare the journal entry to record this payment.

The journal entries will look as follows:

(a) Prepare the journal entries to record these transactions on the books of Bramble Co. using a periodic inventory system.

Date       Details                                    Debit ($)         Credit ($)            

April 5    Inventory - merchandise        41,700

               Accounts Payable                                             41,700

               (To record the purchase of merchandise inventory on account from Tamarisk.)

April 6      Inventory                                     790

                Cash credit                                                          790

                 (To record the payment of freight costs on merchandise.)    

April 7       Equipment                              27,100

                 Accounts Payable                                            27,100

                 (To record the purchase equipment on account.)                      

April 8       Accounts Payable                    5,700

                  Inventory                                                            5,700

                  (To record the return of damaged merchandise to Tamarisk.)

April 15       Accounts Payable (w.1.)         36,000

                   Cash (w.3.)                                                       35,280

                   Inventory (discount) (w.2.)                                    720

                    (To record the payment of the amount due to Tamarisk Company in full.)

(b) Assume that Bramble Co. paid the balance due to Tamarisk Company on May 4 instead of April 15. Prepare the journal entry to record this payment.

Date       Details                                    Debit ($)         Credit ($)                

May 04  Accounts payable (w.1.)         36,000

              Cash                                                                 36,000

              (To record the payment of the amount due to Tamarisk Company in full.)

Working:

For the payment made on April 15, this implies the payment was made within 10 days and that Bramble Co. will enjoy 2% discount. Therefore, we have:

w.1. Accounts payable = Beginning inventory – Returns = $41,700 - $5,700 = $36,000

w.2. Discount = w.1. * 2% = $36,000 * 2% = $720

w.3. Cash = w.1. – w.2. = $36,000 - $720 = $35,280


Related Questions

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Answers

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(I) Free fall is a linear motion.
(II) Free fall is a uniformly accelerated motion.
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D) I, II, and III

Answers

Answer:

D) all are true

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Answers

Answer:

1: 9

2: i dont know sorry

3: 21/2

Step-by-step explanation:

1: know that the bottom portion of the triangle is 18  the bottom left is 12 and the top left is 6. Now you could say that its six because they look the same size but we cant be sure, and six isnt an option. i dont know how to solve so we're using process of elimination so bare with me. we alread have 12 and 18 and theyre way bigger, it cant be 11 because it wouldnt be that small. so in my mind its 9.  

2:  n/A

3: because i said so

Answer:

#1

AQ/QC = AP/PBAQ / 18 = 6 / 12AQ = 18/2AQ = 9

Option D

#2

x/ 12 = 10 / 24x = 12*10/24x = 5

#3

(x - 8)/5 = 2/42(x - 8) = 52x - 16 = 52x = 21x = 21/2

Option B

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Answers

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Step-by-step explanation: By working out the problem this is what I ended up with.

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Answers

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Answer:

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Answer:

D. The probability of selecting an orange is ³/₅.

Step-by-step explanation:

A is incorrect because there would be 4 apples combined (3 from bag one, 1 from bag two). That makes the chance of selecting an apple 2/5 (40%), not 3/10 (30%).

B & C are incorrect because 4/10 (40%) is less than 6/10 (60%)

That leaves D, which state that you have a 60% (3/5) chance selecting an orange, as our answer. That is correct as 3/5 = 6/10 = 60%.

Christina is making a necklace using beads. She has 20 red, 14 blue, 10 purple, 28 green, and 8 yellow beads. She randomly chooses a bead to start the necklace. What is the probability of Christina choosing a bead that is not green?

Answers

Answer: 13/20

Step-by-step explanation:

Total number of beads: 20+14+10+28+8=80

Green beads out of the total 80: 28

Non-green beads out of the total 80: 80-28=52

The probability of Christina choosing a bead that is not green is the number if non-green beads divided by the total number of beads, so 52/80, which simplifies to 13/20

The probability of Christina choosing a bead that is not green is the number if non-green beads divided by the total number of beads is 13/20.

What is the probability?

It is a branch of mathematics that deals with the occurrence of a random event. The value is expressed from zero to one.

Total number of beads

=20+14+10+28+8

=80

Green beads out of the total 80: 28

Non-green beads out of the total 80:

=80-28

=52

The probability of Christina choosing a bead that is not green is the number if non-green beads divided by the total number of beads, so 52/80, which simplifies to 13/20.

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https://brainly.com/question/25870256

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Answer:

C

Step-by-step explanation:

C is the correct answer

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Answers

Answer:

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Step-by-step explanation:

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Answers

Answer:

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Step-by-step explanation:

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Given:
[tex]fi = (3x - 5) \: cm[/tex]
[tex]ir = (2y - 7) \: cm[/tex]
[tex]re = (x + 7) \: cm[/tex]
[tex]ef = (y + 3) \: cm[/tex]
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Answers

Answer:

See the solutions below

Step-by-step explanation:

First note that the opposite side of a parallelogram are equal, hence;

For Parallelogram FIRE

fi = re

ef = ir

Given

fi = (3x-5)cm

ir = (2y -7)cm

re = (x+7)cm

ef = (y+3)cm\

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Answers

Answer:

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Step-by-step explanation:

From the question,

s = d/t................. Equation 1

Where s = speed of the space shuttle, d = distance traveled by the shuttle in an hour, t = time taken to travel the distance

make d the subject of the equation,

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Answers

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Step-by-step explanation:

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Answers

Answer:

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Step-by-step explanation:

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Answers

Answer:

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Answers

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Step-by-step explanation:

Given that,

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Answers

Answer:

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Step-by-step explanation:

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Answers

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Answers

Answer:

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Answers

Answer:

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Step-by-step explanation:

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Step-by-step explanation:

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Answers

Answer:

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Answers

Answer:

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Step-by-step explanation:

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Answers

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Step-by-step explanation:

Answer:

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Answer:

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Step-by-step explanation:

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Answers

Answer:

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Step-by-step explanation:

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