Which of the following line items will show up on the revenue statement the a merchandiser but not the a service​ company?A.Depreciation ExpenseB.Salaries ExpenseC.Cost of goods SoldD.Supplies Inventory
Merchandise inventory accountancy systems deserve to be generally categorized into two types. They are​ ________.

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a debit to accounts Payable because that $63,000​, a credit to merchandise Inventory for $1,260​, and a credit to Cash because that $61,740
A company that offers the perpetual inventory mechanism purchases inventory for $63,000 on​ account, with regards to 2​/10, ​n/30. I beg your pardon of the following is the journal entry to record the payment made within 10​ days?
A agency that provides the perpetual inventory mechanism purchased inventory for $920,000 top top account with terms of 3​/7, ​n/20. I beg your pardon of the following correctly documents the payment do 15 days after the date of​ invoice?
An invoice of $1,000 because that merchandise purchase is reflecting 2​/15, ​n/30 as regards to credit. If the invoice is payment on or before the fifteenth job after the invoice​ date, the amount to be paid is​ ________.
An​ invoice, with payment regards to 6​/10​, ​n/30, was issued on April 28 because that $235.00. If the payment to be made on May​ 12, the quantity of payment will be​ ________. (Round her answer to the nearest​ cent.)
Under the perpetual inventory​ system, discounts tackled an invoice through the buyer would certainly be​ ________.
A agency that provides a perpetual inventory system purchased perform on account and also later returned items worth $ 500 come the vendor. I beg your pardon of the adhering to would it is in the correct journal entry to document these​ returns?
A firm using the perpetual inventory system purchased inventory worth $20,000 on account with terms of 2​/10, ​n/30. Defective inventory of $3,000 was went back two days​ later, and the accounts were accordingly adjusted. If the invoice is paid 10 days after the invoice​ date, the quantity of the acquisition discount that would be obtainable to the company is​ ________.

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A agency using the perpetual inventory mechanism purchased inventory worth $520,000 on account through credit regards to 2​/15, ​n/45. Defective list of $60,000 was returned 2 days​ later, and also the account were as necessary adjusted. If the agency paid the invoice 25 days​ later, the newspaper entry to document the payment would certainly be​ ________.
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