Maurice Tutor

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About Maurice Tutor

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 398 Weeks Ago, 1 Day Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 25 Oct 2017 My Price 5.00

Ainge Printing

On December 3, Ainge Printing purchased inventory listed at $7,400 from Craig Paper Supply. Terms of the purchase were 3/10, n/20. Ainge Printing also purchased inventory from Tippetts Ink Wholesale on December 10 for a list price of $10,300. Terms of the purchase were 3/10, n/30. On December 16, Ainge paid both suppliers for these purchases. Ainge does not use a perpetual inventory system.
1. Give the entries to record the purchases and invoice payments assuming that
(a) The net method is used and
(b) The gross method is used.
2. Assume that Ainge has not paid either of the invoices at December 31. Give the year-end adjusting entry if the net method is used.

Answers

Maurice Tutor
(5)
Status NEW Posted 25 Oct 2017 03:10 PM My Price 5.00

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