Messages
Proposals
Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.
Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support
Organic Growth Company is presently testing a number of new agricultural seeds that it has recently harvested. To stimulate interest, it has decided to grant to five of its largest customers the unconditional right of return to these products if not fully satisfied. The right of return extends for 4 months. Organic Growth estimates returns of 20%. Organic Growth sells these seeds on account for $1,500,000 (cost $750,000) on January 2, 2019. Customers are required to pay the full amount due by March 15, 2019.
Instructions
a. Prepare the journal entry for Organic Growth at January 2, 2019.
b. Assume that one customer returns the seeds on March 1, 2019, due to unsatisfactory performance. Prepare the journal entry to record this transaction, assuming this customer purchased $100,000 of seeds from Organic Growth. The other receivables are collected.
c. Assume Organic Growth prepares financial statements quarterly. Prepare the necessary entries (if any) to adjust Organic Growth's financial results for the above transactions on March 31, 2019, assuming remaining expected returns of $200,000.
| Writer | Writer Name | Amount | Client Comments & Rating |
|---|---|---|---|
ONLINE |
Instant Homework Helper |
$36 |
She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up! |
Custom Original Solution And Get A+ Grades
Custom Original Solution And Get A+ Grades
Custom Original Solution And Get A+ Grades
| Writer | Writer Name | Offer | Chat |
|---|---|---|---|
ONLINE |
Top Writing GuruI have read your project details. I can do this within your deadline. |
$56 | Chat With Writer |
ONLINE |
Math SpecialistI have read your project details. I can do this within your deadline. |
$24 | Chat With Writer |
ONLINE |
Homework GuruGive me a chance, i will do this with my best efforts |
$59 | Chat With Writer |
ONLINE |
Math Exam SuccessI will cover all the points which you have mentioned in your project details. |
$94 | Chat With Writer |
ONLINE |
Best Coursework HelpYou can award me any time as I am ready to start your project curiously. Waiting for your positive response. Thank you! |
$42 | Chat With Writer |
ONLINE |
Smart Homework HelperI have read and understood all your initial requirements, and I am very professional in this task. |
$109 | Chat With Writer |
Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.