Information related to Bramble Co. Is presented below. 1. On April 5, purchased merchandise on account from Tamarisk Company for $41,700, terms 2/10, net/30, FOB shipping point. 2. On April 6, paid freight costs of $790 on merchandise purchased from Tamarisk. 3. On April 7, purchased equipment on account for $27,100. 4. On April 8, returned damaged merchandise to Tamarisk Company and was granted a $5,700 credit for returned merchandise. 5. On April 15, paid the amount due to Tamarisk Company in full.

Answers

Answer 1

Answer:

See below for the journals.

Step-by-step explanation:

Note: The instructions of the question are as follows:

Instructions

(a) Prepare the journal entries to record these transactions on the books of Bramble Co. using a periodic inventory system.

(b) Assume that Bramble Co. paid the balance due to Tamarisk Company on May 4 instead of April 15. Prepare the journal entry to record this payment.

The journal entries will look as follows:

(a) Prepare the journal entries to record these transactions on the books of Bramble Co. using a periodic inventory system.

Date       Details                                    Debit ($)         Credit ($)            

April 5    Inventory - merchandise        41,700

               Accounts Payable                                             41,700

               (To record the purchase of merchandise inventory on account from Tamarisk.)

April 6      Inventory                                     790

                Cash credit                                                          790

                 (To record the payment of freight costs on merchandise.)    

April 7       Equipment                              27,100

                 Accounts Payable                                            27,100

                 (To record the purchase equipment on account.)                      

April 8       Accounts Payable                    5,700

                  Inventory                                                            5,700

                  (To record the return of damaged merchandise to Tamarisk.)

April 15       Accounts Payable (w.1.)         36,000

                   Cash (w.3.)                                                       35,280

                   Inventory (discount) (w.2.)                                    720

                    (To record the payment of the amount due to Tamarisk Company in full.)

(b) Assume that Bramble Co. paid the balance due to Tamarisk Company on May 4 instead of April 15. Prepare the journal entry to record this payment.

Date       Details                                    Debit ($)         Credit ($)                

May 04  Accounts payable (w.1.)         36,000

              Cash                                                                 36,000

              (To record the payment of the amount due to Tamarisk Company in full.)

Working:

For the payment made on April 15, this implies the payment was made within 10 days and that Bramble Co. will enjoy 2% discount. Therefore, we have:

w.1. Accounts payable = Beginning inventory – Returns = $41,700 - $5,700 = $36,000

w.2. Discount = w.1. * 2% = $36,000 * 2% = $720

w.3. Cash = w.1. – w.2. = $36,000 - $720 = $35,280


Related Questions

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Answer:

10 hours

Step-by-step explanation:

450 ÷ 45 = 10 hours

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Consider the quadratic function y = 1/5(x - 2)2 + 5.
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Answers

Answer:

Step-by-step explanation:

There are no real roots and the graph contains point (2,5). Notice it is in vertex form. So there must be a point at x = 2 and y = 5. However, if it is the vertex and it opens upwards, that means it cannot intersect the x axis. So 2 and 4 are the correct answers I believe.

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2X
[tex]2x + 4 = 0[/tex]

Answers

Answer:

The value of x = -2

Step-by-step explanation:

Given equation:

2x + 4 = 0

Find:

The value of x

Computation:

We know that given equation 2x + 4 = 0 is a liner equation with only one variable.

So, we can solve this by elimination method

2x + 4 = 0

Step 1 :

Subtract 4 from both side

2x + 4 - 4 = 0 - 4

2x = -4

Divide 2 from both side

2x / 2 = -4 / 2

x = -2

The value of x = -2

Unit 7: Polygons & Quadrilaterals
Homework 3: Rectangles
a 2-page document! **

Answers

Answer:

VW = 31

WX = 19

YW = [tex]\sqrt{1322}[/tex]

ZX = ([tex]\sqrt{1322}[/tex]) / 2

VX = [tex]\sqrt{1322}[/tex]

Step-by-step explanation:

[tex]YW^{2}[/tex] = [tex]19^{2}[/tex] + [tex]31^{2}[/tex]

[tex]19^{2}[/tex] + [tex]31^{2}[/tex] = 1322

ZX = YW/2 = VX/2

 Measures of the different sides of the rectangle will be,

YX = 31 units

WX = 19 units

VW = 36.36 units

ZX = 18.18 units

VX = 36.36 units

Quadrilateral VWXY is a rectangle.

Properties of a rectangle,

Opposite sides of a rectangle are equal.Diagonals of a rectangle bisect each other.Diagonals are equal in measure.

YX = VW = 31 units

VY = WX = 19 units

By applying Pythagoras Theorem in right triangle ΔWXY,

(Hypotenuse)² = (Leg 1)² + (Leg 2)²

(WY)² = (WX)² + (XY)²

YW = [tex]\sqrt{19^2+31^2}[/tex]

      = [tex]\sqrt{1322}[/tex]

      = 36.36 units

ZX = [tex]\frac{1}{2}(YW)[/tex]

     = [tex]\frac{1}{2}(36.36)[/tex]

     = 18.18 units

VX = YW = 36.36 units

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https://brainly.com/question/9655204

Gabriele's Pie Shop sold 80 pies last month: 7/10 were apple pies and 1/10 were peach pies. How many pies were neither apple nor peach?
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Answers

Answer:

16 pies were neither apple nor peach.

Step-by-step explanation:

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Answers

Answer:

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Step-by-step explanation:

I used a calculator. :)

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Answer:

Tangent

Step-by-step explanation:

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Tangent

Step-by-step explanation:

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I believe it is 15 I am using trigonometry but I’m not 100% sure

Select the correct answer.
Consider this equation.
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OB.
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OD
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Answer:

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Step-by-step explanation:

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What is trigonometry?

A right-angle triangle's sides, angles, and relationship to each other are the subject of the mathematical discipline of trigonometry. The pair ratio of a right-angled triangle is known as the trigonometric ratio.

It is given that, sinΘ= -4√29 / 29

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Each length of the side of square B is twice the length of the side of square A.
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yes

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Answer:

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Answers

Answer:

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Answers

Answer:

[tex]2x^2 + 2a^2[/tex]

Step-by-step explanation:

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Hi there!

[tex]\large\boxed{\text{ sum = 180(n - 2)}}[/tex]

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We can also prove this from the table:

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Answers

Answer:

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Step-by-step explanation:

.8x+4=.6x+6

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Step-by-step explanation:

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Answers

Answer:

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Step-by-step explanation:

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sdmfdskhc

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Answers

Answer:

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Step-by-step explanation:

x^2 = 285.61

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Step-by-step explanation:

18÷(−23)×4÷(−7)×(−3)÷(14)
18÷−23×4÷−7×(−3)÷14

Answers

Answer:

 -  0.1499375256

Step-by-step explanation:

have a good day /night

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Answer:

V=120cm³

Step-by-step explanation:

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Answer:

22 + 2|/2

Step-by-step explanation:

24 - 4|/2 + 6|/2 - |/4

24 + 2|/2 - 2

24 - 2 + 2|/2

22 + 2|/2

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Answer:

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Step-by-step explanation:

The area of a square is 128x3y4 cm2. What is the length of one side of the square in simplest form

Answers

Answer:

We know that the area of the square of side length L is:

A = L*L = L^2

In this case, we know that the area is:

A = 128*x^3*y^4 cm^2

Then we have:

L^2 = 128*x^3*y^4 cm^2

If we apply the square root to both sides we get:

√(L^2) = √( 128*x^3*y^4 cm^2)

L = √(128)*(√x^3)*(√y^4) cm

Here we can replace:

(√x^3) = x^(3/2)

(√y^4)  = y^(4/2) = y^2

Replacing these two, we get:

L = √(128)*x^(3/2)*y^2 cm

This is the simplest form of L.

What is the value of x?

Answers

In a 45 · 45 · 90 triangle, the hypotenuse is √2 · legs, because a 45 · 45 · 90 triangle is isosceles, so the legs are the same length. So, we have 3√2 · √2 = 6, so the hypotenuse is 6.

x=6

The cafeteria bought 200 French bread pizzas for lunch next week. If they had bought the pizza last week while it was on sale, it would only have cost $ 2.00 per pizza. Now, 7 days later, the price is $ 3.78 per pizza. How much money could they have saved if they bought the pizza last week?

Answers

Answer:

$356

Step-by-step explanation:

To solve this problem, use this: (200 * 3.78) - (200 * 2)

(200 * 3.78) - (200 * 2)

200 * 3.78 is the same as 2 * 378, which is 756.

756 - (200 * 2)

200 * 2 is the same as 4 * 100, which is 400.

756 - 400

Subtract 400 from 756 to get 356.

356

If they brought the pizza last week, the school could have saved $356.

Elana gets on a horse 15 feet from the center of a
merry-go-round. She travels 288° around the circle,
then the ride stops. The merry-go-round travels of
the way around, then stops. About how far did Elana
travel? Use 3.14 for pi.


37.68
75.36
150.72
565.2

Answers

B sorry if i’m wrong btw

Answer:

b.) 75.36

Step-by-step explanation:

Got it right on edge

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