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October 23, 2014

Homework Help: bookkeeping

Posted by susue on Saturday, April 7, 2012 at 8:16am.

bought 153units (unassembled)at 15.76
bought 105 units (assembled)at 25.76
what is the ammount that should be entered in the accounts payable column
(a)484.38
(b)518.59
(c)528.76
(d)549.71
my answ245 brackets at .46 each
less2%discount taken
what amount should be debited to accounts payable?
(a)2.25
(b)110.45
(c)112.70
(d)114.95
my answer is c
what amount should be credited to puchase returns and allowances ?
(a)2.25
(b)110.45
(c)112.70
(d)114.95
my answer is 2.25

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