SlideShare a Scribd company logo

E8-7 (Purchases Recorded Net) Presented below are transactions relate.pdf

•
•
A
alexleather

E8-7 (Purchases Recorded Net) Presented below are transactions related to Guillen, Inc. May 10 Purchased goods billed at $20,000 subject to cash discount terms of 2/10,n/60. 11 Purchased goods billed at $15,000 subject to terms of 1/15,n/30. 19 Paid invoice of May 10. 24 Purchased goods billed at $11,500 subject to cash discount terms of 2/10,n/30. Instructions (a) Prepare general journal entries for the transactions above under the assumption that purchases are to be recorded at net amounts after cash discounts and that discounts lost are to be treated as financial expense. (b) Assuming no purchase or payment transactions other than those given above, prepare the adjusting entry required on May 31 if financial statements are to be prepared as of that date..

Education
1 of 1
Download to read offline
E8-7 (Purchases Recorded Net) Presented below are transactions related to Guillen, Inc. May 10 Purchased goods billed at $20,000 subject to cash discount terms of 2/10,n/60. 11 Purchased goods billed at $15,000 subject to terms of 1/15,n/30. 19 Paid invoice of May 10. 24 Purchased goods billed at $11,500 subject to cash discount terms of 2/10,n/30. Instructions (a) Prepare general journal entries for the transactions above under the assumption that purchases are to be recorded at net amounts after cash discounts and that discounts lost are to be treated as financial expense. (b) Assuming no purchase or payment transactions other than those given above, prepare the adjusting entry required on May 31 if financial statements are to be prepared as of that date.

Recommended

Ell is part of a team of five optical engineers who are working.pdf
Ell is part of a team of five optical engineers who are working.pdf Ell is part of a team of five optical engineers who are working.pdf
Ell is part of a team of five optical engineers who are working.pdfalexleather
 
El lado oscuro de los grandes datos Las organizaciones de h.pdf
El lado oscuro de los grandes datos Las organizaciones de h.pdf El lado oscuro de los grandes datos Las organizaciones de h.pdf
El lado oscuro de los grandes datos Las organizaciones de h.pdfalexleather
 
Effects of the Respiratory Cycle on Heart Rate When inseirateey mugel.pdf
Effects of the Respiratory Cycle on Heart Rate When inseirateey mugel.pdf Effects of the Respiratory Cycle on Heart Rate When inseirateey mugel.pdf
Effects of the Respiratory Cycle on Heart Rate When inseirateey mugel.pdfalexleather
 
E7-2 (Algo) Inferring Missing Amounts Based on Income Statement Relat.pdf
E7-2 (Algo) Inferring Missing Amounts Based on Income Statement Relat.pdf E7-2 (Algo) Inferring Missing Amounts Based on Income Statement Relat.pdf
E7-2 (Algo) Inferring Missing Amounts Based on Income Statement Relat.pdfalexleather
 
During an El Nino (warm ENSO), ocean fisheries in South America are n.pdf
During an El Nino (warm ENSO), ocean fisheries in South America are n.pdf During an El Nino (warm ENSO), ocean fisheries in South America are n.pdf
During an El Nino (warm ENSO), ocean fisheries in South America are n.pdfalexleather
 
Efficient Business Systems uses a perpetual inventory system. The adj.pdf
Efficient Business Systems uses a perpetual inventory system. The adj.pdf Efficient Business Systems uses a perpetual inventory system. The adj.pdf
Efficient Business Systems uses a perpetual inventory system. The adj.pdfalexleather
 
Economic or locational depreciation Directly reflects the importance .pdf
Economic or locational depreciation Directly reflects the importance .pdf Economic or locational depreciation Directly reflects the importance .pdf
Economic or locational depreciation Directly reflects the importance .pdfalexleather
 
Earl owns and operates a food trailer at the State Fair. After being .pdf
Earl owns and operates a food trailer at the State Fair. After being .pdf Earl owns and operates a food trailer at the State Fair. After being .pdf
Earl owns and operates a food trailer at the State Fair. After being .pdfalexleather
 

Recommended

Ell is part of a team of five optical engineers who are working.pdf
Ell is part of a team of five optical engineers who are working.pdf Ell is part of a team of five optical engineers who are working.pdf
Ell is part of a team of five optical engineers who are working.pdfalexleather
 
El lado oscuro de los grandes datos Las organizaciones de h.pdf
El lado oscuro de los grandes datos Las organizaciones de h.pdf El lado oscuro de los grandes datos Las organizaciones de h.pdf
El lado oscuro de los grandes datos Las organizaciones de h.pdfalexleather
 
Effects of the Respiratory Cycle on Heart Rate When inseirateey mugel.pdf
Effects of the Respiratory Cycle on Heart Rate When inseirateey mugel.pdf Effects of the Respiratory Cycle on Heart Rate When inseirateey mugel.pdf
Effects of the Respiratory Cycle on Heart Rate When inseirateey mugel.pdfalexleather
 
E7-2 (Algo) Inferring Missing Amounts Based on Income Statement Relat.pdf
E7-2 (Algo) Inferring Missing Amounts Based on Income Statement Relat.pdf E7-2 (Algo) Inferring Missing Amounts Based on Income Statement Relat.pdf
E7-2 (Algo) Inferring Missing Amounts Based on Income Statement Relat.pdfalexleather
 
During an El Nino (warm ENSO), ocean fisheries in South America are n.pdf
During an El Nino (warm ENSO), ocean fisheries in South America are n.pdf During an El Nino (warm ENSO), ocean fisheries in South America are n.pdf
During an El Nino (warm ENSO), ocean fisheries in South America are n.pdfalexleather
 
Efficient Business Systems uses a perpetual inventory system. The adj.pdf
Efficient Business Systems uses a perpetual inventory system. The adj.pdf Efficient Business Systems uses a perpetual inventory system. The adj.pdf
Efficient Business Systems uses a perpetual inventory system. The adj.pdfalexleather
 
Economic or locational depreciation Directly reflects the importance .pdf
Economic or locational depreciation Directly reflects the importance .pdf Economic or locational depreciation Directly reflects the importance .pdf
Economic or locational depreciation Directly reflects the importance .pdfalexleather
 
Earl owns and operates a food trailer at the State Fair. After being .pdf
Earl owns and operates a food trailer at the State Fair. After being .pdf Earl owns and operates a food trailer at the State Fair. After being .pdf
Earl owns and operates a food trailer at the State Fair. After being .pdfalexleather
 
Drag and drop the terms associated with hemostasis to match their bes.pdf
Drag and drop the terms associated with hemostasis to match their bes.pdf Drag and drop the terms associated with hemostasis to match their bes.pdf
Drag and drop the terms associated with hemostasis to match their bes.pdfalexleather
 
Dynamics inventory, purchases, and sales for April follow. The compa.pdf
Dynamics inventory, purchases, and sales for April follow. The compa.pdf Dynamics inventory, purchases, and sales for April follow. The compa.pdf
Dynamics inventory, purchases, and sales for April follow. The compa.pdfalexleather
 
Due to a recession, expected inflation this year is only 2.75. Howev.pdf
Due to a recession, expected inflation this year is only 2.75. Howev.pdf Due to a recession, expected inflation this year is only 2.75. Howev.pdf
Due to a recession, expected inflation this year is only 2.75. Howev.pdfalexleather
 
Dr. Mike Douvas is opening a new sports dinic and is wondering how to.pdf
Dr. Mike Douvas is opening a new sports dinic and is wondering how to.pdf Dr. Mike Douvas is opening a new sports dinic and is wondering how to.pdf
Dr. Mike Douvas is opening a new sports dinic and is wondering how to.pdfalexleather
 
Does the Public Support Sin Taxes A survey of 1000 adults in the US .pdf
Does the Public Support Sin Taxes A survey of 1000 adults in the US .pdf Does the Public Support Sin Taxes A survey of 1000 adults in the US .pdf
Does the Public Support Sin Taxes A survey of 1000 adults in the US .pdfalexleather
 
Distinguish between mineralocorticoid and glucocorticoid hormones. Mi.pdf
Distinguish between mineralocorticoid and glucocorticoid hormones. Mi.pdf Distinguish between mineralocorticoid and glucocorticoid hormones. Mi.pdf
Distinguish between mineralocorticoid and glucocorticoid hormones. Mi.pdfalexleather
 
DO ITI 11.2 (LO 2), AP The standard cost of product 777 includes 2 un.pdf
DO ITI 11.2 (LO 2), AP The standard cost of product 777 includes 2 un.pdf DO ITI 11.2 (LO 2), AP The standard cost of product 777 includes 2 un.pdf
DO ITI 11.2 (LO 2), AP The standard cost of product 777 includes 2 un.pdfalexleather
 
Dexter Company uses the direct write-off method. Harch 11 Dexter dete.pdf
Dexter Company uses the direct write-off method. Harch 11 Dexter dete.pdf Dexter Company uses the direct write-off method. Harch 11 Dexter dete.pdf
Dexter Company uses the direct write-off method. Harch 11 Dexter dete.pdfalexleather
 
Do all of the partners in a limited partnership have joint and severa.pdf
Do all of the partners in a limited partnership have joint and severa.pdf Do all of the partners in a limited partnership have joint and severa.pdf
Do all of the partners in a limited partnership have joint and severa.pdfalexleather
 
Direct Materials Purchases Budget Lorenzos Frozen Pizza inc. has det.pdf
Direct Materials Purchases Budget Lorenzos Frozen Pizza inc. has det.pdf Direct Materials Purchases Budget Lorenzos Frozen Pizza inc. has det.pdf
Direct Materials Purchases Budget Lorenzos Frozen Pizza inc. has det.pdfalexleather
 
dobinico meve ir 2007 ir s ralkd feube Dwith Asirer i Actinty teased .pdf
dobinico meve ir 2007 ir s ralkd feube Dwith Asirer i Actinty teased .pdf dobinico meve ir 2007 ir s ralkd feube Dwith Asirer i Actinty teased .pdf
dobinico meve ir 2007 ir s ralkd feube Dwith Asirer i Actinty teased .pdfalexleather
 
Discussion Question(s) After reading the assigned chapter provide so.pdf
Discussion Question(s) After reading the assigned chapter provide so.pdf Discussion Question(s) After reading the assigned chapter provide so.pdf
Discussion Question(s) After reading the assigned chapter provide so.pdfalexleather
 
Discuss why the pancreas, ovaries, testes, thymus gland, digestive or.pdf
Discuss why the pancreas, ovaries, testes, thymus gland, digestive or.pdf Discuss why the pancreas, ovaries, testes, thymus gland, digestive or.pdf
Discuss why the pancreas, ovaries, testes, thymus gland, digestive or.pdfalexleather
 
DO ITI 14.3 (LO 3), AP The condensed financial statements of Murawski.pdf
DO ITI 14.3 (LO 3), AP The condensed financial statements of Murawski.pdf DO ITI 14.3 (LO 3), AP The condensed financial statements of Murawski.pdf
DO ITI 14.3 (LO 3), AP The condensed financial statements of Murawski.pdfalexleather
 
Do interest rates fluctuate in response to the Bank of Canadas actio.pdf
Do interest rates fluctuate in response to the Bank of Canadas actio.pdf Do interest rates fluctuate in response to the Bank of Canadas actio.pdf
Do interest rates fluctuate in response to the Bank of Canadas actio.pdfalexleather
 
Direct costs are defined as Expenditures directly associated with the.pdf
Direct costs are defined as Expenditures directly associated with the.pdf Direct costs are defined as Expenditures directly associated with the.pdf
Direct costs are defined as Expenditures directly associated with the.pdfalexleather
 
Directions Complete this chart by writing your answers in the correc.pdf
Directions Complete this chart by writing your answers in the correc.pdf Directions Complete this chart by writing your answers in the correc.pdf
Directions Complete this chart by writing your answers in the correc.pdfalexleather
 
Dinero ps 50,000 Hanly, capital(30) ps 4,000 .pdf
Dinero ps 50,000 Hanly, capital(30) ps 4,000 .pdf Dinero ps 50,000 Hanly, capital(30) ps 4,000 .pdf
Dinero ps 50,000 Hanly, capital(30) ps 4,000 .pdfalexleather
 
Determine which of the following statements are true and false. Insut.pdf
Determine which of the following statements are true and false. Insut.pdf Determine which of the following statements are true and false. Insut.pdf
Determine which of the following statements are true and false. Insut.pdfalexleather
 
Develop a three-period moving average forecast for April 2019 through.pdf
Develop a three-period moving average forecast for April 2019 through.pdf Develop a three-period moving average forecast for April 2019 through.pdf
Develop a three-period moving average forecast for April 2019 through.pdfalexleather
 
Class 11th Physics NEET formula sheet pdf
Class 11th Physics NEET formula sheet pdfClass 11th Physics NEET formula sheet pdf
Class 11th Physics NEET formula sheet pdfAyushMahapatra5
 
IGNOU MSCCFT and PGDCFT Exam Question Pattern: MCFT003 Counselling and Family...
IGNOU MSCCFT and PGDCFT Exam Question Pattern: MCFT003 Counselling and Family...IGNOU MSCCFT and PGDCFT Exam Question Pattern: MCFT003 Counselling and Family...
IGNOU MSCCFT and PGDCFT Exam Question Pattern: MCFT003 Counselling and Family...PsychoTech Services
 

More Related Content

More from alexleather

Drag and drop the terms associated with hemostasis to match their bes.pdf
Drag and drop the terms associated with hemostasis to match their bes.pdf Drag and drop the terms associated with hemostasis to match their bes.pdf
Drag and drop the terms associated with hemostasis to match their bes.pdfalexleather
 
Dynamics inventory, purchases, and sales for April follow. The compa.pdf
Dynamics inventory, purchases, and sales for April follow. The compa.pdf Dynamics inventory, purchases, and sales for April follow. The compa.pdf
Dynamics inventory, purchases, and sales for April follow. The compa.pdfalexleather
 
Due to a recession, expected inflation this year is only 2.75. Howev.pdf
Due to a recession, expected inflation this year is only 2.75. Howev.pdf Due to a recession, expected inflation this year is only 2.75. Howev.pdf
Due to a recession, expected inflation this year is only 2.75. Howev.pdfalexleather
 
Dr. Mike Douvas is opening a new sports dinic and is wondering how to.pdf
Dr. Mike Douvas is opening a new sports dinic and is wondering how to.pdf Dr. Mike Douvas is opening a new sports dinic and is wondering how to.pdf
Dr. Mike Douvas is opening a new sports dinic and is wondering how to.pdfalexleather
 
Does the Public Support Sin Taxes A survey of 1000 adults in the US .pdf
Does the Public Support Sin Taxes A survey of 1000 adults in the US .pdf Does the Public Support Sin Taxes A survey of 1000 adults in the US .pdf
Does the Public Support Sin Taxes A survey of 1000 adults in the US .pdfalexleather
 
Distinguish between mineralocorticoid and glucocorticoid hormones. Mi.pdf
Distinguish between mineralocorticoid and glucocorticoid hormones. Mi.pdf Distinguish between mineralocorticoid and glucocorticoid hormones. Mi.pdf
Distinguish between mineralocorticoid and glucocorticoid hormones. Mi.pdfalexleather
 
DO ITI 11.2 (LO 2), AP The standard cost of product 777 includes 2 un.pdf
DO ITI 11.2 (LO 2), AP The standard cost of product 777 includes 2 un.pdf DO ITI 11.2 (LO 2), AP The standard cost of product 777 includes 2 un.pdf
DO ITI 11.2 (LO 2), AP The standard cost of product 777 includes 2 un.pdfalexleather
 
Dexter Company uses the direct write-off method. Harch 11 Dexter dete.pdf
Dexter Company uses the direct write-off method. Harch 11 Dexter dete.pdf Dexter Company uses the direct write-off method. Harch 11 Dexter dete.pdf
Dexter Company uses the direct write-off method. Harch 11 Dexter dete.pdfalexleather
 
Do all of the partners in a limited partnership have joint and severa.pdf
Do all of the partners in a limited partnership have joint and severa.pdf Do all of the partners in a limited partnership have joint and severa.pdf
Do all of the partners in a limited partnership have joint and severa.pdfalexleather
 
Direct Materials Purchases Budget Lorenzos Frozen Pizza inc. has det.pdf
Direct Materials Purchases Budget Lorenzos Frozen Pizza inc. has det.pdf Direct Materials Purchases Budget Lorenzos Frozen Pizza inc. has det.pdf
Direct Materials Purchases Budget Lorenzos Frozen Pizza inc. has det.pdfalexleather
 
dobinico meve ir 2007 ir s ralkd feube Dwith Asirer i Actinty teased .pdf
dobinico meve ir 2007 ir s ralkd feube Dwith Asirer i Actinty teased .pdf dobinico meve ir 2007 ir s ralkd feube Dwith Asirer i Actinty teased .pdf
dobinico meve ir 2007 ir s ralkd feube Dwith Asirer i Actinty teased .pdfalexleather
 
Discussion Question(s) After reading the assigned chapter provide so.pdf
Discussion Question(s) After reading the assigned chapter provide so.pdf Discussion Question(s) After reading the assigned chapter provide so.pdf
Discussion Question(s) After reading the assigned chapter provide so.pdfalexleather
 
Discuss why the pancreas, ovaries, testes, thymus gland, digestive or.pdf
Discuss why the pancreas, ovaries, testes, thymus gland, digestive or.pdf Discuss why the pancreas, ovaries, testes, thymus gland, digestive or.pdf
Discuss why the pancreas, ovaries, testes, thymus gland, digestive or.pdfalexleather
 
DO ITI 14.3 (LO 3), AP The condensed financial statements of Murawski.pdf
DO ITI 14.3 (LO 3), AP The condensed financial statements of Murawski.pdf DO ITI 14.3 (LO 3), AP The condensed financial statements of Murawski.pdf
DO ITI 14.3 (LO 3), AP The condensed financial statements of Murawski.pdfalexleather
 
Do interest rates fluctuate in response to the Bank of Canadas actio.pdf
Do interest rates fluctuate in response to the Bank of Canadas actio.pdf Do interest rates fluctuate in response to the Bank of Canadas actio.pdf
Do interest rates fluctuate in response to the Bank of Canadas actio.pdfalexleather
 
Direct costs are defined as Expenditures directly associated with the.pdf
Direct costs are defined as Expenditures directly associated with the.pdf Direct costs are defined as Expenditures directly associated with the.pdf
Direct costs are defined as Expenditures directly associated with the.pdfalexleather
 
Directions Complete this chart by writing your answers in the correc.pdf
Directions Complete this chart by writing your answers in the correc.pdf Directions Complete this chart by writing your answers in the correc.pdf
Directions Complete this chart by writing your answers in the correc.pdfalexleather
 
Dinero ps 50,000 Hanly, capital(30) ps 4,000 .pdf
Dinero ps 50,000 Hanly, capital(30) ps 4,000 .pdf Dinero ps 50,000 Hanly, capital(30) ps 4,000 .pdf
Dinero ps 50,000 Hanly, capital(30) ps 4,000 .pdfalexleather
 
Determine which of the following statements are true and false. Insut.pdf
Determine which of the following statements are true and false. Insut.pdf Determine which of the following statements are true and false. Insut.pdf
Determine which of the following statements are true and false. Insut.pdfalexleather
 
Develop a three-period moving average forecast for April 2019 through.pdf
Develop a three-period moving average forecast for April 2019 through.pdf Develop a three-period moving average forecast for April 2019 through.pdf
Develop a three-period moving average forecast for April 2019 through.pdfalexleather
 

More from alexleather (20)

Drag and drop the terms associated with hemostasis to match their bes.pdf
Drag and drop the terms associated with hemostasis to match their bes.pdf Drag and drop the terms associated with hemostasis to match their bes.pdf
Drag and drop the terms associated with hemostasis to match their bes.pdf
 
Dynamics inventory, purchases, and sales for April follow. The compa.pdf
Dynamics inventory, purchases, and sales for April follow. The compa.pdf Dynamics inventory, purchases, and sales for April follow. The compa.pdf
Dynamics inventory, purchases, and sales for April follow. The compa.pdf
 
Due to a recession, expected inflation this year is only 2.75. Howev.pdf
Due to a recession, expected inflation this year is only 2.75. Howev.pdf Due to a recession, expected inflation this year is only 2.75. Howev.pdf
Due to a recession, expected inflation this year is only 2.75. Howev.pdf
 
Dr. Mike Douvas is opening a new sports dinic and is wondering how to.pdf
Dr. Mike Douvas is opening a new sports dinic and is wondering how to.pdf Dr. Mike Douvas is opening a new sports dinic and is wondering how to.pdf
Dr. Mike Douvas is opening a new sports dinic and is wondering how to.pdf
 
Does the Public Support Sin Taxes A survey of 1000 adults in the US .pdf
Does the Public Support Sin Taxes A survey of 1000 adults in the US .pdf Does the Public Support Sin Taxes A survey of 1000 adults in the US .pdf
Does the Public Support Sin Taxes A survey of 1000 adults in the US .pdf
 
Distinguish between mineralocorticoid and glucocorticoid hormones. Mi.pdf
Distinguish between mineralocorticoid and glucocorticoid hormones. Mi.pdf Distinguish between mineralocorticoid and glucocorticoid hormones. Mi.pdf
Distinguish between mineralocorticoid and glucocorticoid hormones. Mi.pdf
 
DO ITI 11.2 (LO 2), AP The standard cost of product 777 includes 2 un.pdf
DO ITI 11.2 (LO 2), AP The standard cost of product 777 includes 2 un.pdf DO ITI 11.2 (LO 2), AP The standard cost of product 777 includes 2 un.pdf
DO ITI 11.2 (LO 2), AP The standard cost of product 777 includes 2 un.pdf
 
Dexter Company uses the direct write-off method. Harch 11 Dexter dete.pdf
Dexter Company uses the direct write-off method. Harch 11 Dexter dete.pdf Dexter Company uses the direct write-off method. Harch 11 Dexter dete.pdf
Dexter Company uses the direct write-off method. Harch 11 Dexter dete.pdf
 
Do all of the partners in a limited partnership have joint and severa.pdf
Do all of the partners in a limited partnership have joint and severa.pdf Do all of the partners in a limited partnership have joint and severa.pdf
Do all of the partners in a limited partnership have joint and severa.pdf
 
Direct Materials Purchases Budget Lorenzos Frozen Pizza inc. has det.pdf
Direct Materials Purchases Budget Lorenzos Frozen Pizza inc. has det.pdf Direct Materials Purchases Budget Lorenzos Frozen Pizza inc. has det.pdf
Direct Materials Purchases Budget Lorenzos Frozen Pizza inc. has det.pdf
 
dobinico meve ir 2007 ir s ralkd feube Dwith Asirer i Actinty teased .pdf
dobinico meve ir 2007 ir s ralkd feube Dwith Asirer i Actinty teased .pdf dobinico meve ir 2007 ir s ralkd feube Dwith Asirer i Actinty teased .pdf
dobinico meve ir 2007 ir s ralkd feube Dwith Asirer i Actinty teased .pdf
 
Discussion Question(s) After reading the assigned chapter provide so.pdf
Discussion Question(s) After reading the assigned chapter provide so.pdf Discussion Question(s) After reading the assigned chapter provide so.pdf
Discussion Question(s) After reading the assigned chapter provide so.pdf
 
Discuss why the pancreas, ovaries, testes, thymus gland, digestive or.pdf
Discuss why the pancreas, ovaries, testes, thymus gland, digestive or.pdf Discuss why the pancreas, ovaries, testes, thymus gland, digestive or.pdf
Discuss why the pancreas, ovaries, testes, thymus gland, digestive or.pdf
 
DO ITI 14.3 (LO 3), AP The condensed financial statements of Murawski.pdf
DO ITI 14.3 (LO 3), AP The condensed financial statements of Murawski.pdf DO ITI 14.3 (LO 3), AP The condensed financial statements of Murawski.pdf
DO ITI 14.3 (LO 3), AP The condensed financial statements of Murawski.pdf
 
Do interest rates fluctuate in response to the Bank of Canadas actio.pdf
Do interest rates fluctuate in response to the Bank of Canadas actio.pdf Do interest rates fluctuate in response to the Bank of Canadas actio.pdf
Do interest rates fluctuate in response to the Bank of Canadas actio.pdf
 
Direct costs are defined as Expenditures directly associated with the.pdf
Direct costs are defined as Expenditures directly associated with the.pdf Direct costs are defined as Expenditures directly associated with the.pdf
Direct costs are defined as Expenditures directly associated with the.pdf
 
Directions Complete this chart by writing your answers in the correc.pdf
Directions Complete this chart by writing your answers in the correc.pdf Directions Complete this chart by writing your answers in the correc.pdf
Directions Complete this chart by writing your answers in the correc.pdf
 
Dinero ps 50,000 Hanly, capital(30) ps 4,000 .pdf
Dinero ps 50,000 Hanly, capital(30) ps 4,000 .pdf Dinero ps 50,000 Hanly, capital(30) ps 4,000 .pdf
Dinero ps 50,000 Hanly, capital(30) ps 4,000 .pdf
 
Determine which of the following statements are true and false. Insut.pdf
Determine which of the following statements are true and false. Insut.pdf Determine which of the following statements are true and false. Insut.pdf
Determine which of the following statements are true and false. Insut.pdf
 
Develop a three-period moving average forecast for April 2019 through.pdf
Develop a three-period moving average forecast for April 2019 through.pdf Develop a three-period moving average forecast for April 2019 through.pdf
Develop a three-period moving average forecast for April 2019 through.pdf
 

Recently uploaded

Class 11th Physics NEET formula sheet pdf
Class 11th Physics NEET formula sheet pdfClass 11th Physics NEET formula sheet pdf
Class 11th Physics NEET formula sheet pdfAyushMahapatra5
 
IGNOU MSCCFT and PGDCFT Exam Question Pattern: MCFT003 Counselling and Family...
IGNOU MSCCFT and PGDCFT Exam Question Pattern: MCFT003 Counselling and Family...IGNOU MSCCFT and PGDCFT Exam Question Pattern: MCFT003 Counselling and Family...
IGNOU MSCCFT and PGDCFT Exam Question Pattern: MCFT003 Counselling and Family...PsychoTech Services
 
Activity 01 - Artificial Culture (1).pdf
Activity 01 - Artificial Culture (1).pdfActivity 01 - Artificial Culture (1).pdf
Activity 01 - Artificial Culture (1).pdfciinovamais
 
Introduction to Nonprofit Accounting: The Basics
Introduction to Nonprofit Accounting: The BasicsIntroduction to Nonprofit Accounting: The Basics
Introduction to Nonprofit Accounting: The BasicsTechSoup
 
Accessible design: Minimum effort, maximum impact
Accessible design: Minimum effort, maximum impactAccessible design: Minimum effort, maximum impact
Accessible design: Minimum effort, maximum impactdawncurless
 
A Critique of the Proposed National Education Policy Reform
A Critique of the Proposed National Education Policy ReformA Critique of the Proposed National Education Policy Reform
A Critique of the Proposed National Education Policy ReformChameera Dedduwage
 
Measures of Dispersion and Variability: Range, QD, AD and SD
Measures of Dispersion and Variability: Range, QD, AD and SDMeasures of Dispersion and Variability: Range, QD, AD and SD
Measures of Dispersion and Variability: Range, QD, AD and SDThiyagu K
 
Ecosystem Interactions Class Discussion Presentation in Blue Green Lined Styl...
Ecosystem Interactions Class Discussion Presentation in Blue Green Lined Styl...Ecosystem Interactions Class Discussion Presentation in Blue Green Lined Styl...
Ecosystem Interactions Class Discussion Presentation in Blue Green Lined Styl...fonyou31
 
9548086042 for call girls in Indira Nagar with room service
9548086042 for call girls in Indira Nagar with room service9548086042 for call girls in Indira Nagar with room service
9548086042 for call girls in Indira Nagar with room servicediscovermytutordmt
 
SOCIAL AND HISTORICAL CONTEXT - LFTVD.pptx
SOCIAL AND HISTORICAL CONTEXT - LFTVD.pptxSOCIAL AND HISTORICAL CONTEXT - LFTVD.pptx
SOCIAL AND HISTORICAL CONTEXT - LFTVD.pptxiammrhaywood
 
Measures of Central Tendency: Mean, Median and Mode
Measures of Central Tendency: Mean, Median and ModeMeasures of Central Tendency: Mean, Median and Mode
Measures of Central Tendency: Mean, Median and ModeThiyagu K
 
Arihant handbook biology for class 11 .pdf
Arihant handbook biology for class 11 .pdfArihant handbook biology for class 11 .pdf
Arihant handbook biology for class 11 .pdfchloefrazer622
 
Q4-W6-Restating Informational Text Grade 3
Q4-W6-Restating Informational Text Grade 3Q4-W6-Restating Informational Text Grade 3
Q4-W6-Restating Informational Text Grade 3JemimahLaneBuaron
 
The Most Excellent Way | 1 Corinthians 13
The Most Excellent Way | 1 Corinthians 13The Most Excellent Way | 1 Corinthians 13
The Most Excellent Way | 1 Corinthians 13Steve Thomason
 
The basics of sentences session 2pptx copy.pptx
The basics of sentences session 2pptx copy.pptxThe basics of sentences session 2pptx copy.pptx
The basics of sentences session 2pptx copy.pptxheathfieldcps1
 
Beyond the EU: DORA and NIS 2 Directive's Global Impact
Beyond the EU: DORA and NIS 2 Directive's Global ImpactBeyond the EU: DORA and NIS 2 Directive's Global Impact
Beyond the EU: DORA and NIS 2 Directive's Global ImpactPECB
 
microwave assisted reaction. General introduction
microwave assisted reaction. General introductionmicrowave assisted reaction. General introduction
microwave assisted reaction. General introductionMaksud Ahmed
 
Russian Escort Service in Delhi 11k Hotel Foreigner Russian Call Girls in Delhi
Russian Escort Service in Delhi 11k Hotel Foreigner Russian Call Girls in DelhiRussian Escort Service in Delhi 11k Hotel Foreigner Russian Call Girls in Delhi
Russian Escort Service in Delhi 11k Hotel Foreigner Russian Call Girls in Delhikauryashika82
 

Recently uploaded (20)

Class 11th Physics NEET formula sheet pdf
Class 11th Physics NEET formula sheet pdfClass 11th Physics NEET formula sheet pdf
Class 11th Physics NEET formula sheet pdf
 
IGNOU MSCCFT and PGDCFT Exam Question Pattern: MCFT003 Counselling and Family...
IGNOU MSCCFT and PGDCFT Exam Question Pattern: MCFT003 Counselling and Family...IGNOU MSCCFT and PGDCFT Exam Question Pattern: MCFT003 Counselling and Family...
IGNOU MSCCFT and PGDCFT Exam Question Pattern: MCFT003 Counselling and Family...
 
Activity 01 - Artificial Culture (1).pdf
Activity 01 - Artificial Culture (1).pdfActivity 01 - Artificial Culture (1).pdf
Activity 01 - Artificial Culture (1).pdf
 
Introduction to Nonprofit Accounting: The Basics
Introduction to Nonprofit Accounting: The BasicsIntroduction to Nonprofit Accounting: The Basics
Introduction to Nonprofit Accounting: The Basics
 
Accessible design: Minimum effort, maximum impact
Accessible design: Minimum effort, maximum impactAccessible design: Minimum effort, maximum impact
Accessible design: Minimum effort, maximum impact
 
A Critique of the Proposed National Education Policy Reform
A Critique of the Proposed National Education Policy ReformA Critique of the Proposed National Education Policy Reform
A Critique of the Proposed National Education Policy Reform
 
Measures of Dispersion and Variability: Range, QD, AD and SD
Measures of Dispersion and Variability: Range, QD, AD and SDMeasures of Dispersion and Variability: Range, QD, AD and SD
Measures of Dispersion and Variability: Range, QD, AD and SD
 
Ecosystem Interactions Class Discussion Presentation in Blue Green Lined Styl...
Ecosystem Interactions Class Discussion Presentation in Blue Green Lined Styl...Ecosystem Interactions Class Discussion Presentation in Blue Green Lined Styl...
Ecosystem Interactions Class Discussion Presentation in Blue Green Lined Styl...
 
9548086042 for call girls in Indira Nagar with room service
9548086042 for call girls in Indira Nagar with room service9548086042 for call girls in Indira Nagar with room service
9548086042 for call girls in Indira Nagar with room service
 
Código Creativo y Arte de Software | Unidad 1
Código Creativo y Arte de Software | Unidad 1Código Creativo y Arte de Software | Unidad 1
Código Creativo y Arte de Software | Unidad 1
 
SOCIAL AND HISTORICAL CONTEXT - LFTVD.pptx
SOCIAL AND HISTORICAL CONTEXT - LFTVD.pptxSOCIAL AND HISTORICAL CONTEXT - LFTVD.pptx
SOCIAL AND HISTORICAL CONTEXT - LFTVD.pptx
 
Measures of Central Tendency: Mean, Median and Mode
Measures of Central Tendency: Mean, Median and ModeMeasures of Central Tendency: Mean, Median and Mode
Measures of Central Tendency: Mean, Median and Mode
 
Arihant handbook biology for class 11 .pdf
Arihant handbook biology for class 11 .pdfArihant handbook biology for class 11 .pdf
Arihant handbook biology for class 11 .pdf
 
Q4-W6-Restating Informational Text Grade 3
Q4-W6-Restating Informational Text Grade 3Q4-W6-Restating Informational Text Grade 3
Q4-W6-Restating Informational Text Grade 3
 
Mattingly "AI & Prompt Design: Structured Data, Assistants, & RAG"
Mattingly "AI & Prompt Design: Structured Data, Assistants, & RAG"Mattingly "AI & Prompt Design: Structured Data, Assistants, & RAG"
Mattingly "AI & Prompt Design: Structured Data, Assistants, & RAG"
 
The Most Excellent Way | 1 Corinthians 13
The Most Excellent Way | 1 Corinthians 13The Most Excellent Way | 1 Corinthians 13
The Most Excellent Way | 1 Corinthians 13
 
The basics of sentences session 2pptx copy.pptx
The basics of sentences session 2pptx copy.pptxThe basics of sentences session 2pptx copy.pptx
The basics of sentences session 2pptx copy.pptx
 
Beyond the EU: DORA and NIS 2 Directive's Global Impact
Beyond the EU: DORA and NIS 2 Directive's Global ImpactBeyond the EU: DORA and NIS 2 Directive's Global Impact
Beyond the EU: DORA and NIS 2 Directive's Global Impact
 
microwave assisted reaction. General introduction
microwave assisted reaction. General introductionmicrowave assisted reaction. General introduction
microwave assisted reaction. General introduction
 
Russian Escort Service in Delhi 11k Hotel Foreigner Russian Call Girls in Delhi
Russian Escort Service in Delhi 11k Hotel Foreigner Russian Call Girls in DelhiRussian Escort Service in Delhi 11k Hotel Foreigner Russian Call Girls in Delhi
Russian Escort Service in Delhi 11k Hotel Foreigner Russian Call Girls in Delhi
 

E8-7 (Purchases Recorded Net) Presented below are transactions relate.pdf

  • 1. E8-7 (Purchases Recorded Net) Presented below are transactions related to Guillen, Inc. May 10 Purchased goods billed at $20,000 subject to cash discount terms of 2/10,n/60. 11 Purchased goods billed at $15,000 subject to terms of 1/15,n/30. 19 Paid invoice of May 10. 24 Purchased goods billed at $11,500 subject to cash discount terms of 2/10,n/30. Instructions (a) Prepare general journal entries for the transactions above under the assumption that purchases are to be recorded at net amounts after cash discounts and that discounts lost are to be treated as financial expense. (b) Assuming no purchase or payment transactions other than those given above, prepare the adjusting entry required on May 31 if financial statements are to be prepared as of that date.