Maurice Tutor

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Teaching Since: May 2017
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 14 Oct 2017 My Price 4.00

Revenue recognition

Revenue recognition at and after time of sale. A customer shopping at Bed, Bath & Beyond, a home products retailer in the United States, made the following purchases:
$100 for bath towels, $135 for a top-of-the-line iron, $45 for an ironing board, and $250 for a gift certificate sent as a wedding gift. Sales taxes on the purchase amounted to 5% of the total order. The customer paid with cash. What journal entry will Bed, Bath & Beyond make to recognize revenue on this transaction? Ignore the journal entries to recognize the expenses.

Answers

Maurice Tutor
(5)
Status NEW Posted 14 Oct 2017 09:10 PM My Price 4.00

Hel-----------lo -----------Sir-----------/Ma-----------dam-----------Tha-----------nk -----------You----------- fo-----------r u-----------sin-----------g o-----------ur -----------web-----------sit-----------e a-----------nd -----------and----------- ac-----------qui-----------sit-----------ion----------- of----------- my----------- po-----------ste-----------d s-----------olu-----------tio-----------n.P-----------lea-----------se -----------pin-----------g m-----------e o-----------n c-----------hat----------- I -----------am -----------onl-----------ine----------- or----------- in-----------box----------- me----------- a -----------mes-----------sag-----------e I----------- wi-----------ll

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