Question

中级财务会计的3道题 求英文答案

1： Cash discount
On March 12,2011, Admiral Electronics sold 20 fax machines to Cool Stuff Co. for $10,000,subject to terms 2/10, n30. Admiral uses the gross method of accounting forsales discounts.
Required:
1. Prepare the journal entry to record the sale.
2. Prepare the journal entry to record receipt of the payment, assuming thecorrect amount was received on March 20, 2011.
3. Prepare the journal entry to record receipt of the payment, assuming thecorrect amount was received on April 5, 2011.

2：Valuing Inventory and Costof Goods Sold
Altira Corporation uses a periodic inventory system. The followinginformation related to its merchandise inventory during the month of August2011 is available:
Aug. 1 Inventory onhand—2,000 units; cost $6.10 each.
8 Purchased 10,000 units for $5.50 each.
14 Sold 8,000 units for $12.00 each.
18 Purchased 6,000 units for $5.00 each.
25 Sold 7,000 units for $11.00 each.
31 Inventory on hand—3,000 units.
Required:
Determine the inventory balance and the cost of goods soldusing FIFO (first-in, first-out)

3： Straight-Line depreciationmethod
A company purchased a building on Jan.1 at $40.2 million. Thisbuilding had a residual value of $0.2 million and a 20-year useful life.Suppose the company uses straight-line depreciation method.
Required:
1. Compute the building’s annual depreciation.
2. Make the journal entry to record the depreciationfor the first year.
有中文答案也可以呀 求帮助 有差不多的答案就给分 关闭错了 在线等

Answer 1

来个答案呀