: Quiz Submissions - Homework 3 - ACCT 220 6381 Principles of Accounting I (2225) - UMGC Learning Ma

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2022-06-06, 7:34 PM: Quiz Submissions - Homework 3 - ACCT 220 6381 Principles of Accounting I (2225) - UMGC Learning Management SystemQuiz Submissions - Homework 3Michael Roberts (username: MROBERTS115)Attempt 1Written: Jun 6, 2022 9:04 AM - Jun 6, 2022 10:03 AMSubmission ViewQuestion 15 / 5 pointsYour quiz has been submitted successfully.Calculate income from operations for Jonas Company based on the following data:Sales$766,000Operating expenses72,500Cost of merchandise sold555,000
Page 1 of 11…pup=0&isprv=0&dnb=0&cfql=0&fromQB=0&d2l_body_type=1&ou=683052View question 1 feedbackQuestion 25 / 5 pointsDollar Co. sold merchandise to Pound Co. on account, $37,500, terms 2/15, net 45. Pound Co. paid theinvoice within the discount period.What is the amount that Pound Company paid?Answer:36,750
2022-06-06, 7:34 PM: Quiz Submissions - Homework 3 - ACCT 220 6381 Principles of Accounting I (2225) - UMGC Learning Management SystemView question 2 feedbackQuestion 35 / 5 pointsUsing a perpetual inventory system, the entry to record the return from a customer of merchandise sold onaccount includes a
Page 2 of 11…pup=0&isprv=0&dnb=0&cfql=0&fromQB=0&d2l_body_type=1&ou=683052View question 4 feedbackQuestion 50 / 5 points
View question 3 feedbackQuestion 45 / 5 pointsWhen purchases of merchandise are made on account with a perpetual inventory system, the transaction isrecorded with which entry?

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Term
Fall
Professor
Manal Omar
Tags
Merchandise Sold

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