Mgmt 200 Assignment Soln 2-11-11

Mgmt 200 Assignment Soln 2-11-11 - ) Requirement 2 April 27...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Management 200 – Introductory Financial Accounting– Spring 2011 Krannert School of Management - Purdue University Solutions to class assignment for February 11, 2011 Exercise 5-2 May 1 Debit Credit Cash 180 Service Revenue 180 ( Provide services of $200 with a 10% trade discount ) Exercise 5-6 Requirement 1 April 25 Debit Credit Accounts Receivable 2,500 Service Revenue 2,500 ( Provide services on account
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: ) Requirement 2 April 27 Debit Credit Sales Allowance 500 Accounts Receivable 500 ( Sales allowance for credit sale ) Requirement 3 April 30 Debit Credit Cash 2,000 Accounts Receivable 2,000 ( Cash collection on account less sales allowance ) Requirement 4 Service revenue $2,500 Less: Sales allowances 500 Net sales $2,000...
View Full Document

This note was uploaded on 02/27/2012 for the course MGMT 200 taught by Professor Greigg during the Spring '08 term at Purdue.

Ask a homework question - tutors are online