WebInclude an explanation with each journal entry. Transcribed Image Text: Performed services for customers on account, $7,500. 30 Received cash on account from customers, $8,000. 31 Received a utility bill, $220, which will be paid during February. 31 Paid monthly salary to salesman, $2,500. Received $2,310 for three months of consulting service ... Web18 de nov. de 2024 · On May 31, 2024, Oriole Company consigned 150 freezers, costing $700 each, to Sheffield Company. The cost of shipping the freezers amounted to $560 and was paid by Oriole Company. ... On May 3, 2014, Eisler Company consigned 104 freezers, costing $670 each, to Remmers Company.
[SOLVED] On May 3, 2012, Eisler Company consigned
WebSolution: (a) This transaction is a bill-and-hold situation. Delivery of the counters is delayed at the buyer’s request, but the buyer takes title and accepts billing. Thus, the agreement must be evaluated to determine if revenue can be recognized before delivery. (b) Revenue is reported at the time title passes if the following conditions are met: (1) The … Web28 de out. de 2024 · On May 3, 2014, Eisler Company consigned 80 freezers, costing $500 each, to Remmers Company. The cost of shipping the freezers amounted to $840 and … poppy handcrafted popcorn locations
Solved On May 3, 2014, Eisler Company consigned 80 freezers,
WebOn May 3, 2024, Eisler Company consigned 80 freezers, costing $500 each, to Remmers Company. The cost of shipping the freezers amounted to$840 and was paid by Eisler Company. On December 30, 2024, a report was received from the consignee, indicating that 40 freezers had been sold for $750 each. WebOn May 3, 2024, Eisler Company consigned 80 freezers, costing $500 each, to Remmers Company. The cost of shipping the freezers amounted to $840 and was paid by Eisler Company. On December 30, 2024, a report was received from the consignee, indicating that 40 freezers had been sold for $750 each. Web20 de nov. de 2024 · On May 3, 2014, Eisler Company consigned 104 freezers, costing $670 each, to Remmers Company. The cost of shipping the freezers amounted to $870 … poppy hammond