Maurice Tutor

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Teaching Since: May 2017
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Education

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

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 20 Feb 2018 My Price 6.00

Epic Co

The following selected transactions were completed by Epic Co. during August of the current year:

Aug. 3. Purchased merchandise for $33,400, terms FOB destination, 2/10, n/30.

 9. Issued debit memorandum for $7,000 of merchandise returned from purchase on August 3.

 10. Purchased merchandise, $25,000, terms FOB shipping point, n/eom. Paid freight of $600 on purchase.

 13. Paid for invoice of August 3, less debit memorandum of August 9 and discount.

 31. Paid for invoice of August 10.

Instructions

Illustrate the effects of each of the preceding transactions on the accounts and financial statements of Epic Co. Identify each transaction by date.

Answers

Maurice Tutor
(5)
Status NEW Posted 20 Feb 2018 06:02 PM My Price 6.00

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