so here is the journal entries
• WWC establishes a policy that it will sell inventory at $165 per unit. In January,...
Wally’s Widget Company (WWC) incorporated near the end of 2011. Operations began in January of 2012. WWC prepares adjusting entries and financial statements at the end of each month. Balances in the accounts at the end of January are as follows: Cash $ 21,020 Unearned Revenue (35 units) $ 5,150 Accounts Receivable $ 12,050 Accounts Payable (Jan Rent) $ 2,900 Allowance for Doubtful Accounts $ (1,700) Notes Payable $ 14,000 Inventory (40 units) $ 3,400 Contributed Capital...
Journal Entries 4.WWC paid Federal Express $360 to have the 180 units of inventory delivered overnight. Delivery occurred on 02/06. 6.Record the cost of goods sold for 150 units. 8.Record the cost of goods sold for 25 units. 9.Record the 20 units of inventory returned 10.Record the sales return and allowance. 12.Paid in full the amount owed for the 2/05 purchase of inventory. WWC records purchase discounts in the current period rather than as a reduction of inventory costs. 13.Wrote...
Edit question Wally’s Widget Company (WWC) incorporated near the end of 2011. Operations began in January of 2012. WWC prepares adjusting entries and financial statements at the end of each month. Balances in the accounts at the end of January are as follows need help starting these t accounts Project 2: Review of Merchandising Cycle The following information applies to the questions displayed below] Wally's Widget Company (WWC) incorporated near the end of 2011. Operations began in January of 2012....
Wally’s Widget Company (WWC) incorporated near the end of 2011. Operations began in January of 2012. WWC prepares adjusting entries and financial statements at the end of each month. Balances in the accounts at the end of January are as follows: Cash $ 19,220 Unearned Revenue (40 units) $ 4,550 Accounts Receivable $ 10,250 Accounts Payable (Jan Rent) $ 1,700 Allowance for Doubtful Accounts $ (1,100) Notes Payable $ 15,500 Inventory (45 units) $ 3,600 Contributed Capital...
Wally’s Widget Company (WWC) incorporated near the end of 2011. Operations began in January of 2012. WWC prepares adjusting entries and financial statements at the end of each month. Balances in the accounts at the end of January are as follows: Cash $ 20,120 Unearned Revenue (25 units) $ 4,850 Accounts Receivable $ 11,150 Accounts Payable (Jan Rent) $ 2,300 Allowance for Doubtful Accounts $ (1,400) Notes Payable $ 15,000 Inventory (30 units) $ 2,700 Contributed Capital...
Wally’s Widget Company (WWC) incorporated near the end of 2011. Operations began in January of 2012. WWC prepares adjusting entries and financial statements at the end of each month. Balances in the accounts at the end of January are as follows: Cash $ 20,870 Unearned Revenue (30 units) $ 5,100 Accounts Receivable $ 11,900 Accounts Payable (Jan Rent) $ 2,800 Allowance for Doubtful Accounts $ (1,650) Notes Payable $ 13,500 Inventory (35 units) $ 2,975 Contributed Capital...
How to fix fix the statements and balance sheet? Wally's Widget Company ( WWC) incorporated near the end of 2011. Operations began in January of 2012. WWC prepares adjusting entries and financial statements at the end of each month. Balances in the accounts at the end of January are as follows: Cash $20,120 Unearned Revenue (25 units) $ 4,850 $ 11,150 Accounts Payable (Jan Rent) $ Accounts Receivable Allowance for Doubtful Accounts Inventory (30 units) $(1,400) Notes Payable $ 2,700...
Wally’s Widget Company (WWC) incorporated near the end of 2011. Operations began in January of 2012. WWC prepares adjusting entries and financial statements at the end of each month. Balances in the accounts at the end of January are as follows: Cash $ 19,820 Unearned Revenue (35 units) $ 4,750 Accounts Receivable $ 10,850 Accounts Payable (Jan Rent) $ 2,100 Allowance for Doubtful Accounts $ (1,300) Notes Payable $ 14,000 Inventory (40 units) $ 2,800 Contributed Capital...
Wally’s Widget Company (WWC) incorporated near the end of 2011. Operations began in January of 2012. WWC prepares adjusting entries and financial statements at the end of each month. Balances in the accounts at the end of January are as follows: Cash $ 19,820 Unearned Revenue (35 units) $ 4,750 Accounts Receivable $ 10,850 Accounts Payable (Jan Rent) $ 2,100 Allowance for Doubtful Accounts $ (1,300) Notes Payable $ 14,000 Inventory (40 units) $ 2,800 Contributed Capital $ 5,800 Retained...
Need Journal entries please Wally’s Widget Company (WWC) incorporated near the end of 2011. Operations began in January of 2012. WWC prepares adjusting entries and financial statements at the end of each month. Balances in the accounts at the end of January are as follows: Cash $ 19,670 Unearned Revenue (30 units) $ 4,700 Accounts Receivable $ 10,700 Accounts Payable (Jan Rent) $ 2,000 Allowance for Doubtful Accounts $ (1,250) Notes Payable $ 13,500 Inventory (35 units)...