Maurice Tutor

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Teaching Since: May 2017
Last Sign in: 401 Weeks Ago, 3 Days Ago
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 07 Aug 2017 My Price 4.00

Jackie, Inc

Presented here are two independent situations.

(a) On January 6, Bennett Catering sells food and services on account to Jackie, Inc., for $7,000, terms 2/10, n/30. On January 16, Jackie, Inc. pays the amount due. Prepare the entries on Bennett’s books to record the sale and related collection.

(b) On January 10, Erin By bee uses her Sheridan Co. credit card to purchase kitchen supplies from Sheridan Co. for $9,000. On February 10, By bee is billed for the amount due of $9,000. On February 12, By bee pays $6,000 on the balance due. On March 10, By bee is billed for the amount due, including interest at 2 percent per month on the unpaid balance as of February 12. Prepare the entries on Sheridan Co.’s books related to the transactions that occurred on January 10, February 12, and March 10.

Answers

Maurice Tutor
(5)
Status NEW Posted 07 Aug 2017 12:08 AM My Price 4.00

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