Cutter enterprises purchased equipment for $72,000 on january 1, 2013. the equipment is expected to have a five-year life and a residual value of $6,000. using the straight-line method, the book value at december 31, 2013, would be
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On November 10 of the current year, Flores Mills sold carpet to a customer for $8,000 with credit terms 2/10, n/30. How would Flores record the sale on November 10? A.) Accounts receivable 7,840Sales 7,840B.) Accounts receivable 8,000Sales 8,000C.
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