Company A purchases goods for cash on January 15.  They purchase 10 items at a cost of $50 per item.  5 of these items are sold on January 29 for $700 cash.  What is/(are) the entry/(ies) on January 29 to record the sale of the goods?

ABC is a reseller of goods.  The following transactions took place during March for ABC as it pertains to inventory: March 1     Inventory Balance of 200 units purchased at $20/Unit March 7     Purchased 200 units at $22/Unit March 10   Sold 300 units at a price of $40/Unit March 15   Purchased 100 units at $23/Unit March 21   Sold 150 units at a price of $40/Unit March 25   Purchased 100 units at $24/Unit What is the COGS for the month of March assuming the company is using the Perpetual – FIFO methodology for inventory valuation?

Assuming that prices do rise over time (i.e., inflation), which inventory valuation methodology will always result in the lowest net income for a company?

What is the impact on the income statement and cash flow from writing off an account receivable?

The net book value of a fixed asset that was acquired three years ago is equal to

Company A had the following information available at the end of the year: Cash Flow from Operations:  $1,000 Depreciation Expense $400 Decrease in A/R  $200 Decrease is A/P $300 What was the net income for the year?

On October 1, ABC purchases 100 units of inventory from XYZ for $30 per unit.  The terms of the sale were 1/20 n/45.  On October 5, ABC returns 10 of the units to XYZ (the products did not have any defects).  On October 11, ABC pays for the goods purchased.  How much cash does ABC pay to XYZ on October 11?  

Company A had the following events during 2021: 1)  Purchased a new piece of equipment for $20,000 2)  Issued stock for $12,000 3)  Borrowed $6,000 from a local bank 4)  Sold an old machine for $2,000 (there was no gain or loss on the sale) 5)  Repaid an old loan of $2,000 What is the cash flow from investing activities as a result of these events?  

If you needed $5,000 in 5 years and the annual interest rate was 8%, how much would you have to invest today to have the $5,000 in 5 years? (assume interest is compounded MONTHLY and round your answer to the nearest dollar)?

Company A borrows $100,000 from Company Z on July 1, 2021.  The loan is a 1 year loan with repayment due on June 30, 2022.  The annual interest rate for the loan is 12%.     Assuming the appropriate adjusting entry was made by Company A on December 31, 2021 to record the interest expense for the first 6 months of the loan, what is the entry that Company A makes on June 30, 2022 to reflect the payment to Company Z when the loan becomes due (assume no other entries have been made in 2022)?