Which that the complying with line items will appear on the income statement the a merchandiser however not that a service​ company?A.Depreciation ExpenseB.Salaries ExpenseC.Cost of products SoldD.Supplies Inventory
Merchandise inventory audit systems deserve to be generally categorized right into two types. Castle are​ ________.

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a debit to accounts Payable because that $63,000​, a credit to was Inventory for $1,260​, and also a credit to Cash because that $61,740
A firm that uses the perpetual inventory device purchases inventory because that $63,000 on​ account, with regards to 2​/10, ​n/30. Which of the complying with is the newspaper entry to document the payment made within 10​ days?
A agency that provides the perpetual inventory mechanism purchased inventory because that $920,000 on account with terms of 3​/7, ​n/20. I beg your pardon of the adhering to correctly documents the payment make 15 job after the date of​ invoice?
An invoice the $1,000 because that merchandise purchased is showing 2​/15, ​n/30 as terms of credit. If the invoice is paid on or prior to the fifteenth job after the invoice​ date, the amount come be payment is​ ________.
An​ invoice, through payment regards to 6​/10​, ​n/30, to be issued top top April 28 because that $235.00. If the payment was made top top May​ 12, the lot of payment will certainly be​ ________. (Round her answer to the nearest​ cent.)
Under the perpetual inventory​ system, discounts handled an invoice by the buyer would certainly be​ ________.
A firm that supplies a perpetual inventory system purchased list on account and also later returned products worth $ 500 come the vendor. I m sorry of the adhering to would it is in the correct journal entry to record these​ returns?
A agency using the perpetual inventory device purchased inventory worth $20,000 ~ above account with terms of 2​/10, ​n/30. Defective list of $3,000 was changed two days​ later, and the account were as necessary adjusted. If the invoice is paid 10 job after the invoice​ date, the quantity of the acquisition discount that would be available to the firm is​ ________.

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A agency using the perpetual inventory device purchased inventory worth $520,000 ~ above account with credit terms of 2​/15, ​n/45. Defective list of $60,000 was returned 2 days​ later, and also the account were appropriately adjusted. If the agency paid the invoice 25 days​ later, the newspaper entry to document the payment would certainly be​ ________.
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