Maurice Tutor

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Teaching Since: May 2017
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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 06 May 2018 My Price 7.00

Richardson Inc

Exercise 18-3 On May 1, 2017, Richardson Inc. entered into a contract to deliver one of its specialty mowers to Kickapoo Landscaping Co. The contract requires Kickapoo to pay the contract price of $900 in advance on May 15, 2017. Kickapoo pays Richardson on May 15, 2017, and Richardson delivers the mower (with cost at $575) on May 31, 2017. a) Prepare the journal entry on May 1, 2017 for Richardson. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If entry is required, select No entry for the account titles and enter 0 for the no Account Titles and Expla May ir 2017 b) Prepare the journal entry on May 15, 2017, for Richardson. (Credit account titles are automatically Indented when the amount is entered. Do not indent manually. If no entry is required, select No entry for the account titles and enter o for the Date Account Tites and Explanatlon Credit May 15, 2017 (c) Prepare the journal entry on May 31, 2017, for Richardson. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select No entry for the account titles and enter o for the Date Account Tites and Explanation Credit May 3 2017 (To record sales) st of goods sold

On May 1, 2017, Richardson Inc. entered into a contract to deliver one of its specialty mowers to Kickapoo Landscaping Co. The contract requires Kickapoo to pay the contract price of $900 in advance on May 15, 2017. Kickapoo pays Richardson on May 15, 2017, and Richardson delivers the mover (with cost or $575) on May 31, 2017. Prepare the journal entry on May 1, 2017, for Richardson. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts.) Prepare the journal entry on May 15, 2017, for Richardson. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts.) Prepare the journal entry on May 31, 2017, for Richardson. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts.)

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Maurice Tutor
(5)
Status NEW Posted 06 May 2018 05:05 PM My Price 7.00

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