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Terms in this set (21)Sets found in the same folderOther sets by this creatorVerified questions
finance Prepare journal entries to record the following merchandising transactions of Bask Company, which uses the perpetual inventory system. (Hint: It will help to identify each receivable and payable; for example, record the purchase on July 1 in Accounts Payable — Black.) July 1 Purchased merchandise from Black Company for $6,000 under credit terms of 1/15, n/30, FOB shipping point, invoice dated July 1.  2 Sold merchandise to Coke Co. for$800 under credit terms of 2/10, n/60, FOB shipping point, invoice dated July 2. The merchandise had cost $500.  3 Paid$100 cash for freight charges on the purchase of July 1.  8 Sold merchandise that had cost $1,200 for$1,600 cash.  9 Purchased merchandise from Lane Co. for $2,300 under credit terms of 2/15, n/60, FOB destination, invoice dated July 9.  11 Received a$200 credit memorandum from Lane Co. for the return of part of the merchandise purchased on July 9.  12 Received the balance due from Coke Co. for the invoice dated July 2, net of the discount.  16 Paid the balance due to Black Company within the discount period.  19 Sold merchandise that cost $900 to AKP Co. for$1,250 under credit terms of 2/15, n/60, FOB shipping point, invoice dated July 19.  21 Issued a $150 credit memorandum to AKP Co. for an allowance on goods sold on July 19.  24 Paid Lane Co. the balance due after deducting the discount.  30 Received the balance due from AKP Co. for the invoice dated July 19, net of discount.  31 Sold merchandise that cost$3,200 to Coke Co. for $5,000 under credit terms of 2/10, n/60, FOB shipping point, invoice dated July 31. Verified answer Recommended textbook solutions
Other Quizlet setsWhat is a family formed by a married couple and their children called?nuclear family, also called elementary family, in sociology and anthropology, a group of people who are united by ties of partnership and parenthood and consisting of a pair of adults and their socially recognized children. Typically, but not always, the adults in a nuclear family are married.
What kind of family consists of husband wife and children quizlet?A nuclear family consists of a husband-wife pair and their dependent children. Monogamy allows for more than one wife.
What is a blended family quizlet?What is a blended family? A family consisting of parents who had been previously married and may have children that are brought together or a family that fosters/adopts a child.
Is a conjugal family?A “conjugal” family includes only a husband, a wife, and unmarried children who are not of age. In sociological literature, the most common form of this family is often referred to as a nuclear family. In contrast, a “consanguineal” family consists of a parent, his or her children, and other relatives.
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What is the family formed by a married couple and their children called quizlet?
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