Solved: Sales on account were 532100 and cost of goods sold was, Accounting Basics

+44 141 628 6080
[email protected]

Sales on account were 532100 and cost of goods sold was

Question - Fertilizer Incorporated reports an increase in Accounts Payable of $9,200 and an increase in inventory of $45,000 for the current year. Accounts Payable relates solely to the purchase of merchandise. Sales on account were $532,100 and cost of goods sold was $358,000. The total purchases of merchandise for the period were:

A. $358,000

B. $174,100

C. $403,000

D. $313,000

Solution Preview :

Prepared by a verified Expert

Accounting Basics: Sales on account were 532100 and cost of goods sold was

Reference No:- TGS02472263

Now Priced at $25 (50% Discount)

Recommended (91%)

Rated (4.3/5)

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Asked Questions

Review a social, behavioral, or cultural factor

Bearing in mind that there may be several, choose a social, behavioral, or cultural factor associated with your selected domestic violence

Outline a social issue that is important to you

Outline a social issue that is important to you. Describe why it is important to you, why it is important from a societal perspective and how you think

Discuss three ethical guidelines that are important

Identify and discuss three ethical guidelines that are important to consider when designing an 8-week group for adolescents who are referred

Identify a specific theory of cognitive or moral development

Problem 1: Identify a specific theory of cognitive or moral development, and summarize the major assumptions.

Problem regarding the america youth and social media

Think about where you were the most and least engaged when reading a classmate's draft. Think about what captured your attention

Identify a true statement about validity

Question: Identify a true statement about validity as applied to a test. Multiple choice question

Describe some of your personality traits

Adler believed that your birth order determines, to a large extent, your personality. He stated that your traits reflect, somehow, how you have achieved

Solution Preview :

Prepared by a verified Expert

Accounting Basics: Sales on account were 532100 and cost of goods sold was

Reference No:- TGS02472263

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Where is mount pinatubo located part of the world and

Q : Are there any potential unintended consequences or negative

Q : Discuss the allegorical content of the canterbury tales by

Q : Gather information regarding support systems and community

Q : Sales on account were 532100 and cost of goods sold was

Q : Lluvia and paraguas lluvia manufacturing and paraguas

Q : Discussion prompt 1 - interest rate risk is the risk that

Q : 1 list the strengths and weaknesses of group

Q : Cedalion corporation had 360000 shares of common stock