as soon as it becomes available to complete the order. When this happens some or all the items ordered are placed on backorder unless you (the customer) decide to cancel the balance of the order. June 19 Received Invoice #27520 for $ 1,760.00 from Ozzie Trailblazers for goods ordered. Items received were - 4 only Z12PT @ $380.00 each plus GST. The remaining quantity has been put on backorder and will be supplied as soon as available, The freight charge added was $ 80.00. Terms 5% 10/N30. Go to the Purchases menu select Purchase orders. Click on PO number 00002010 and it will display on your screen. Purchase Order 0000201040.00 Fuct ase croce arsu*0009201000/08/2028 Nino detaTos aecio 5000$0,00HovencoryCathEmonMusemen NA 6199 Aesour Le\deg NolaToxfode How to do in myob

Stacy's Dress Shop received a $1,230 invoice dated July 26 with 4/10, 3/15, n/60 terms. On August 09, Stacy's sent a $260 partial payment. (If more than one discount, assume date of last discount.) a. What credit should Stacy's receive? Note: Round your answer to the nearest cent. Credit Answer is complete and correct. $ 268.04 b. What is Stacy's outstanding balance? Note: Round your answer to the nearest cent. Answer is complete but not entirely correct. $ 962.00 X Outstanding balance

On May 6, Pharoah Depot returns goods (not defective) with a selling price of $150 and a cost of $75 to Shamrock and receives a credit on account. Record the transaction for Shamrock. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.) Date Account Titles and Explanation May 6 Debit Credit (To record credit granted to Pharoah Depot for returned goods.) (To record cost of goods returned.)

Goods costing $2,200 are purchased on account on July 15 with credit terms of 2/10, n/30. On July 18, a $300 credit memo is received from the supplier for damaged goods. Give the journal entry on July 24 to record payment of the balance due within the discount period using a perpetual inventory system. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit

BUS 038 : Business Computatns4. You buy goods on an invoice dated October 28, with terms of 2/20, n/45. What is the last day of the discount period?

A credit sale is made on July 10 for $800, terms 4/10, n/30. On July 12, $150 of goods are returned for credit. Give the journal entry on July 19 to record the receipt of the balance due within the discount period. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation July 19 Debit Credit

system. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Jan. 2 5 e to search 6 11 Sarasota sold $39,000 of goods to Xtra Inc., terms n/45, FOB destination. The cost of the goods sold was $21,840. Sarasota expected a return rate of 15%. The appropriate company paid freight costs of $780. Xtra returned $5,100 of the merchandise purchased from Sarasota on January 2, because it was not needed. The cost of the merchandise returned was $2,856, and it was restored to inventory. Sarasota received the balance due from Xtra. Date Account Titles and Explanation Jan. 2 Accounts Receivable (To record credit cale) JU! Debit 39000 Credit 22°C Sunny AGE

PLEASE SHOW ALL WORK You purchase goods on an invoice dated July 27 with terms of 3/10 EOM. Determine (a) the last day of the discount period, and (b) the last day of the credit period.

Complete the following: (Use Table 7.1) Invoice Date goods are received Terms Last day of discount period Final day bill is due (end of credit period) June 18   1/10, n/30

BUS 038 : Business Computations9. You purchase goods on an invoice dated July 5 with terms of 4/15, n/45 ROG. If you receive the goods on July 23, calculate (a) the last day of the discount period, and (b) the last day of the credit period. b. Last day of credit period: