On November 30, 2019, the General Ledger of Hinges and More

question 34

Short Answer

On November 30, 2019, the general ledger of Hinges and More Hardware, a retail store, showed the following balances: Purchases, $163,570; Freight In, $5,200; Purchases Returns and Allowances,
$8,000.
Determine the following:
A)What was the delivered cost of purchases for November?
B)What was the net delivered cost of purchases for November?

• A)What was the delivered cost of purchases for November?
• B)What was the net delivered cost of purchases for November?

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Definitions:

Extrasensory Perception

The claimed ability to perceive or acquire information beyond the use of the normal sensory channels.

Clairvoyance

A form of extrasensory perception wherein an individual claims to gain information about an object, person, location, or physical event through means other than the known human senses.

Precognition

The ability or belief in the ability to perceive or predict future events before they occur.

Telepathy

The claimed conveyance of thoughts or ideas by methods not involving the conventional senses.