Quiz Essay example - 902 Words

1. Turnadot Sons is a small wholesaler of decorative cast iron objects. The following events, related to a special customer order, occur as described below;? August 5, 2005: Turnadot receives the special order for 200 outdoor planters at a selling price of $50 each, including delivery at a future convenient time and location. The customer, with whom Turnadot has had a long-term, trouble-free relationship, pays $3,000 as a deposit and agrees to pay the rest on delivery. Turnadot immediately orders $4,000 worth of planters from its supplier and pays a $1,000 deposit for them.;? August 27, 2005: Turnadot pays $3,000 balance due to the supplier upon delivery of the planters to its warehouse.;? September 5, 2005: The customer calls for†¦show more content†¦Debit the current asset advances to suppliers $1,000, credit cash $1,000;? Debit inventory $1,000, credit cash $1,000;? Debit cost of goods sold $4,000, credit cash $1,000, credit accounts payable $3,000;? Debit cost of goods sold $1,000, credit revenues $1,000;3. Turnadot Sons is a small wholesaler of decorative cast iron objects. The following events, related to a special customer order, occur as described below;? August 5, 2005: Turnadot receives the special order for 200 outdoor planters at a selling price of $50 each, including delivery at a future convenient time and location. The customer, with whom Turnadot has had a long-term, trouble-free relationship, pays $3,000 as a deposit and agrees to pay the rest on delivery. Turnadot immediately orders $4,000 worth of planters from its supplier and pays a $1,000 deposit for them.;? August 27, 2005: Turnadot pays $3,000 balance due to the supplier upon delivery of the planters to its warehouse.;? September 5, 2005: The customer calls for delivery of the planters, and pays the balance of $7,000 when they arrive at the customer site.;On August 27, 2005, upon delivery of planters to Turnadots warehouse and payment of $3,000Show MoreRelatedEssay The Quiz Sh ow1015 Words   |  5 Pages The film, â€Å"The Quiz Show† is about the famous public revealing of a rigged television production called Twenty-One during the 1950s. The shows main attraction, a Jewish Queen’s resident named Herbert Stempel, rose to fame as families around the county watched the bright contestant correctly answer question after question, week after week. As ratings and profits began to plateau sponsors and producers felt a change of face was necessary. 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