Tiered Invoice

1.3 Before going to the next account, let’s analyze the Accounts Payable account closer. This account is special. Look at the Control data tab

The transactions completed by Franklin Company during January, its first month of operations, are listed below. Assume that Franklin Company uses the following journals: Cash Receipts (CR), Cash Payments (CP), Revenue (R), Purchases (P), and

If, at year end, 2 months have elapsed, what adjusting entry do you record? 2,000 A. Prepaid Legal Expense Legal Expense 2,000 2,000 B. Legal Expense Prepaid Legal Expense 2,000 Legal Expense 3,000 C. Prepaid Legal Expense 3,000 12,000 D. Prepaid Legal Expense Cash 12,000 [10]BASIC BANK10 - COAE 010 On September 1, your firm incurs a routine $82 expense, mistakenly recording it as follows: Office Expense Accounts Payable 28 28

I/We (the Customer) agree to pay (our) account, which is the amount stated on the invoice as “Total Invoice Amount,” within the terms mutually agreed upon by Randal Optimal Nutrients, LLC. (Seller) and Customer. Our standard terms are 1% 10, Net 30 from the invoice date. Past due accounts are subject to a service charge of 1.5% per month (18% annual percentage rate). Customer will provide to Seller a valid resale license, and as such will be responsible for all taxes related to the purchase, use and sale of product sold to Customer.

The following is the statement we send to DTF through our collection process for the outstanding A/R balances. We were not aware that DTF was a memo bill agency until this fiscal year. The billing staff are in the process of crediting out the current year direct bills to DTF. If we needed to credit out the bills from 2009 on words for DTF in SFS, please let me know, I can advise the staff to do so.

* headcount reductions and related charges as announced in October and December 2008, the details of which are described in Note 4, “Restructuring and Other Charges” to these unaudited consolidated financial statements, and a 62% decline in the Company’s per share stock

Although a customer declared bankruptcy in the previous quarter and did not prepay for services, Grass Man lawn service company provided services for the entire 4th Quarter. While Grass Man did not learn of the bankruptcy until the next fiscal year, the assumption that the customer never agreed to pay for the services provided is valid. Assuming that customers request additional services during the prepaid month which generate occasional accounts receivable for Grass Man, the accounting estimate of a 4% allowance is reasonable. In consideration of provided background and assumptions, the question is whether revenue was inappropriately recognized leading to erroneous financial reports or if accounting estimates should be adjusted to reflect

Read each transaction and record the appropriate journal entry for Morrison Consultants, which has a June 30 year end. Explanations are NOT required. 1. On June 30 2011, Morrison prepares an aging schedule of accounts receivable that shows estimated uncollectible accounts of $5,200. Before journal entries, the Allowance for Doubtful accounts has a debit balance of $300 and Accounts Receivable has a balance of $85,000. 2. On July 5, Morrison was notified that Sperry Ltd has declared bankruptcy and Morrison writes off its A/R

Pricing strategy associated with services is typically more complex than the pricing of tangible goods. As a consumer, what pricing issues do you consider when purchasing services? How difficult is it to compare prices among competing services, or to determine the complete price of the service before purchase? What could service providers do to solve these issues?

A Pro-Forma Invoice is used to provide buyers with the price, quantity, and description of the merchandise included in the transaction and is commonly used by custom officials to inspect the shipment and determine duties (Importer- What is a Pro Forma Invoice, n.d). This document also includes the terms of sale which outline the risks, rights and obligations of both the buyer and the seller when delivering the merchandise to its destination and a section that states the date and conditions that must be met before the shipment can be sent to the buyer (Importer- What is a Pro Forma Invoice, n.d).

For the vast majority of traditional payment processors, chargebacks translate into unsustainability or even untrustworthiness.

As part of Compliance for Service Invoices (CSI) group, we are reviewing contract rates versus billed rates from FY 2014 to current date for above referenced vendor. At this point, none of the invoices coincides with rates in contract, but last records located from 1998. Logically rates have change, I need fee rates that is relevant to compare from contract. I forward Gerald Luster (BNSF) and owner your contact information about two weeks ago. Have you had an opportunity to update fee schedule or rate sheet? Please, forward any pertinent information to update

A result of the discussion led to the discovery that a large percentage of quotes are considered useless. This finding will assist in the analysis of the Pricing Desk process.

Filed in 2005, Visa Interchange primarily challenged the legality of three credit card practices: mandatory default interchange fees that merchants must pay for every transaction; the Honor all Cards/Issuers rules that require merchants that accept and Visa- or MasterCard-branded credit cards to accept all cards of that brand; and, anti-steering restraints that prohibit merchants from using price signals at the point of sale to steer customers to less costly forms of payment (e.g., discounting and surcharging). .

Credit transactions in the Original Production appear as “Discounts Straws:GRI.” For these transactions, quantities are listed as positive but the revenue associated with the transactions is $0. In contrast, transactions with “Inventory” in the name field in the Original Production seem to account for over $4 million in sorting revenue. What do these transactions represent? Are they actual sales? Why do these transactions no longer appear in the 2011-2015 data?