0% Plagiarism Guaranteed & Custom Written

Junket Corp. sold to Sharper Co. merchandise having a sales price of 21000 with term 1/10 , net/60. junket records its sales and receivables net.

05 / 03 / 2018 Assignment

This paper circulates around the core theme of Junket Corp. sold to Sharper Co. merchandise having a sales price of 21000 with term 1/10 , net/60. junket records its sales and receivables net. together with its essential aspects. It has been reviewed and purchased by the majority of students thus, this paper is rated 4.8 out of 5 points by the students. In addition to this, the price of this paper commences from £ 45. To get this paper written from the scratch, order this assignment now. 100% confidential, 100% plagiarism-free.

Presented below is information related to junket Corp. 

1. Junket Corp. sold to Sharper Co. merchandise having a sales price of 21000 with term 1/10 , net/60. junket records its sales and receivables net.
 2.Accounts receivable of 57000(gross) are factored
with Easy credit Corp. with recourse at a financing charge of 5%.Cash is received for the proceeds, collections are handled by the finance company.( these accounts were all past the discount period) 
3. Specific accounts receivable of 30000( gross) are pledged
to Second corp. as security for loan of 20000 at a finance charge of 6% of the amount of the loan.The finance company will make the collections. ( All the accounts receivable are past the discount period)  4. Sharper Co. notifies Junket that it is bankrupt
and will pay only 20% of its account. Prepare all all necessary entries in general journal form for Junker Corp.



100% Plagiarism Free & Custom Written


International House, 12 Constance Street, London, United Kingdom,
E16 2DQ

Company # 11483120

STILL NOT CONVINCED?

We've produced some samples of what you can expect from our Academic Writing Service - these are created by our writers to show you the kind of high-quality work you'll receive. Take a look for yourself!

View Our Samples

Benefits You Get

  • Free Turnitin Report
  • Unlimited Revisions
  • Installment Plan
  • 24/7 Customer Support
  • Plagiarism Free Guarantee
  • 100% Confidentiality
  • 100% Satisfaction Guarantee
  • 100% Money-Back Guarantee
  • On-Time Delivery Guarantee
FLAT 25% OFF ON EVERY ORDER. Use "FLAT25" as your promo code during checkout