Skip to main content

Questions tagged 'journal entry'

2 questions

A
Anonymous

Dec 21, 2024

LOL Music Store uses the periodic inventory system to account for its merchandise. On November 17, it purchased $1,000 of merchandise

LOL Music Store uses the periodic inventory system to account for its merchandise. On November 17, the store purchased $1,000 worth of merchandise with terms of 2/5, n/60. If payment is made on Novemb...

A
Anonymous

Oct 31, 2024

The following data pertain to the Oneida Restaurant Supply Company for the year just ended. Budgeted sales revenue $205,000 Actual

The following data pertains to the Oneida Restaurant Supply Company for the most recently completed fiscal year: Budgeted Sales Revenue: $205,000 Actual Manufacturing Overhead: $336,000 Budgeted...