Journalize the entry to record the receipt of payment beyond the discount period of 10 days. If an amount box does not require an entry, leave it blank.
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- When the customer pays the money to the company after the discount period, which one of the following journal entry is made by the company? Which one of the following documents is used to record notes receivable? Register Voucher Promissory note Invoice ull lis isl TOSHIBAExamine the summary section of a monthly credit card statement above and find the New Balance. (Disregard the minimum paymentIn the Invoice Lookup, when viewing recorded invoices, The Sage 50 Accounting program will display a: a Invoices not fully paid symbol. b Paid stamp for invoices paid in full. Discount symbol for invoices not paid that have a discount. d Credit terms.
- Show a journal entry writing off an account using both the allowance method and the direct write-off method. NOTE: YOU CAN INCLUDE ANY AMOUNTS AS LONG AS THEY MAKE SENSE, BUT DO NOT FORGET TO INCLUDE ACTUAL NUMBERS FOR THIS JOURNAL SHOWING BOTH METHODS AS STATED ABOVE. THIS CAN BE MADE UP BUT DO NOT FORGET THE NUMBERS.Oriole Products uses both special journals and a general journal. Oriole also posts customers' accounts in the accounts receivable subsidiary ledger. The postings for the most recent month are included in the subsidiary T-accounts below. Estes Bal. 305 245 Truong 0 Bal. 225 Gehrke Bal. 275 170 Weiser Bal. 155 310 160 230 225 275 155 Determine the correct amount of the end-of-month posting from the sales journal to the Accounts Receivable control account.Journalize the following entries for the seller using the perpetual method. On March 15, Monroe Sales sells $9,525 on account to Garrison Brewer with terms of 2/10, n/30. The cost of merchandise sold was $6,905. On March 20, a S125 credit memo is given to Garrison Brewer due to merchandise that was the wrong color. The cost of the returned merchandise was S65. If required, round your answers to two decimal places. On March 25, Garrison Brewer submits payment in full. If required, round your answers to two decimal places.
- The type of cash discount where the discount period is counted from the date of invoice is ___. a. Ordinary dating b. Credit period c. Receipt of goods d. End of the monthComplete the aging of receivables schedule by adding the omitted accounts to the bottom of the schedule and updating the totals. If an amount box does not require an entry, leave it blank. Wig Creations CompanyAging of Receivables ScheduleDecember 31, 20Y1 Customer Balance NotPastDue DaysPastDue 1-30 DaysPastDue 31-60 DaysPastDue 61-90 DaysPastDue 91-120 DaysPast DueOver 120 Subtotals fill in the blank f8971cfe306afa1_1 fill in the blank f8971cfe306afa1_2 fill in the blank f8971cfe306afa1_3 fill in the blank f8971cfe306afa1_4 fill in the blank f8971cfe306afa1_5 fill in the blank f8971cfe306afa1_6 fill in the blank f8971cfe306afa1_7 Arcade Beauty fill in the blank f8971cfe306afa1_8 fill in the blank f8971cfe306afa1_9 fill in the blank f8971cfe306afa1_10 fill in the blank f8971cfe306afa1_11 fill in the blank f8971cfe306afa1_12 fill in the blank f8971cfe306afa1_13 fill in the blank f8971cfe306afa1_14 Creative Images fill in the blank f8971cfe306afa1_15 fill in the blank…In the Payments Journal window, invoices being paid will display the: Select an answer and submit. For keyboard navigation, use the up/down arrow keys to sele a b с d Number of items sold on the invoice. The transaction due date. Credit terms. All of the above.
- Prepare the journal entry to record second interest paymentA customer issued a note for an overdue account. Which of the following procedures is correct? A. The note is credited in the general journal by a debit to accounts receivable B. The amount will be posted to the credit side of the customer's card C. The amount will be posted to the debit side of the customer's card D. This will be posted to the accounts receivable general ledger on the debit side.The terms of an invoice are 3/10, n/30 E.O.M. The invoice date is April 10. The last date on which the discount can be taken is: Select one: O a. April 30 O b. April 20 O c. May 30 O d. May 10