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Quiz Ch 6 Help Save 23 QS 6-22B Estimating inventories-gross profit method LO P4 Confucius Bookstore's...
Looking for a solution to this question Confucius Bookstore's inventory is destroyed by a fire on...
Looking for a solution to this question
Confucius Bookstore's inventory is destroyed by a fire on September 5. The following data for the current year are available from the accounting records. Beginning inventory, Jan. 1 Jan. 1 through Sept. 5 purchases (net) Jan. 1 through Sept. 5 sales (net) Current year's estimated gross profit rate $190,000 $352,000 $685,000 448 Estimate the cost of the inventory destroyed. Beginning inventory $ 190,000 Estimated September 5 inventory destroyed
Seved Exercise 17.4 Estimating inventory cost under the gross profit method. LO 17-4 Average gross profit...
Seved Exercise 17.4 Estimating inventory cost under the gross profit method. LO 17-4 Average gross profit rate: 40% of sales Inventory on January 1 (at cost): $216,000 Purchases from January 1 to date of inventory estimate: $900,000 Net sales for period: $1,160,000 Kipped eBook Use the above data to compute the estimated Inventory cost for Sloan Company under the gross profit method. eferences $ Beginning inventory, January 1 Purchases Cost of goods available for sale 216,000 900,000 1,116,000 $ Estimated...
CHAPTER 6 Inventory Costing and Valuation Pro Problem 6-13B Estimating ending inventory-gross profit method LO6 CHECK...
CHAPTER 6 Inventory Costing and Valuation Pro Problem 6-13B Estimating ending inventory-gross profit method LO6 CHECK FIGURE: $81,380.50 The Zeon Company had a flood on July 5, 2020, that destroyed all of its inventory. The salvao records contained the following information: Рон ins $ 737,650 414.900 Sales, January 1 to July 5...... Net merchandise purchased Jan. 1 to July 5......... Additional information was determined from the 2019 annual report: Income statement: $2,122,550 1,337,175 Sales... Cost of goods sold................ Balance sheet:...
Cr. P9.7 (LO 4) Groupwork (Gross Profit Method) On April 15, 2021, fire damaged the office and warehouse of Stan...
Cr. P9.7 (LO 4) Groupwork (Gross Profit Method) On April 15, 2021, fire damaged the office and warehouse of Stanislaw Corporation. The only accounting record saved was the general ledger, from which the balance sheet data below was prepared. Stanislaw Corporation March 31, 2021 Dr. Cash $ 20,000 Accounts receivable 40,000 Inventory, December 31, 2020 75,000 Land 35,000 Buildings 110,000 Accumulated depreciation $ 41,300 Equipment Accounts payable 23,700 Other accrued expenses 10,200 Common stock 100,000 3,600 Equipment 3,600 Accounts payable...
4 Algorithmic Saved Help Save & Exit Subm Check my work Problem 6-4AA Periodic: Alternative cost...
4 Algorithmic Saved Help Save & Exit Subm Check my work Problem 6-4AA Periodic: Alternative cost flows LO P3 Montoure Company uses a periodic inventory system. It entered into the following calendar-year purchases and sales transactions. Date Activities Units Acquired at Cost Units sold at Retail Jan. 1 Beginning inventory 768 units @ $70.00 per unit Feb. 10 Purchase 480 units @ $67.00 per unit Mar. 13 Purchase 280 units @ $52.00 per unit Mar. 15 Sales 880 units@ $100.00...
Required Information Serial Problem Business Solutions LO P1, P2, P3, P4 [The following Information applies to...
Required Information Serial Problem Business Solutions LO P1, P2, P3, P4 [The following Information applies to the questions displayed below.) Santana Rey created Business Solutions on October 1, 2019. The company has been successful, and its list of customers has grown. To accommodate the growth, the accounting system is modified to set up separate accounts for each customer. The following chart of accounts Includes the account number used for each account and any balance as of December 31, 2019. Santana...
>Save On DT Ch 9 Student Assign Ch 9 Recording liabilities US Edition at Aug 29_18...
>Save On DT Ch 9 Student Assign Ch 9 Recording liabilities US Edition at Aug 29_18 (1) (1) - Protected Home Insert Draw Page Layout Formulas Data Review View Help "ROTECTED VIEW Be careful--files from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View. ✓ fx A B E F G H Before you begin, print out all the pages in this workbook. The unadjusted trial balance of Morgan Manufacturing Corp. at...
I need help on questions 2 through 8. All necessary information is included below. Thank you....
I need help on questions 2 through 8. All necessary information
is included below. Thank you. I
Balance Sheet (previous month) Liabilities Assets Accounts Payable Salaries Payable Unearned Revenues Long-term Debt Total Liabilities Cash 53,000 31,000 9,000 2,000 Accounts Receivable Allow For Doubtful Accts Office Supplies Inventory Prepaid Rent Equipment Accumulated Depreciation (3,000) 7,000 20,000 27,000 18,000 58,000 48,000 Equities Common Stock 100,000 (35,000) 111,000 Retained Earnings Total Equities Total Liab and Equities 50,000 161,000 219,000 Total Assets 219,000 Income...
i need the income statement and balnce sheet only....please help!!! Version 1 Company -Matisse Company Reporting Year- 2016 (Corporation Uses a Calendar Year Jan. 1 through Dec. 31st List of...
i
need the income statement and balnce sheet only....please
help!!!
Version 1 Company -Matisse Company Reporting Year- 2016 (Corporation Uses a Calendar Year Jan. 1 through Dec. 31st List of Accounts Common Stock, Total Dividends Other Expense Trading Securities Sales Tax Payable Purchase Discounts General Expense Rent Revenue Purchase Returns & Allowances Accounts Payable Interest Payable (Current) Estimated Warranty Liability Deferred Income Tax Unearned Revenue Capital Lease Obligation 8S 132.00 苓982. CO $1,200.0 1315.00 2.000.0O Chapter Material of Education redesigned...
Please answer all questions listed. Whatever I can do to help, by giving a positive rating,...
Please answer all questions listed. Whatever I can do to help, by
giving a positive rating, thumbs up, etc. Let me know! Very
desperate for help!
Use the information contained in these financial statements and notes to complete this case. All answers should be for the most current year (September 24, 2016) unless asked otherwise. Many companies show amounts in the thousands or millions please state amounts as shown on the financial statements. Do not add zeros. You do not...
Looking for a solution to this question
Confucius Bookstore's inventory is destroyed by a fire on September 5. The following data for the current year are available from the accounting records. Beginning inventory, Jan. 1 Jan. 1 through Sept. 5 purchases (net) Jan. 1 through Sept. 5 sales (net) Current year's estimated gross profit rate $190,000 $352,000 $685,000 448 Estimate the cost of the inventory destroyed. Beginning inventory $ 190,000 Estimated September 5 inventory destroyed
Seved Exercise 17.4 Estimating inventory cost under the gross profit method. LO 17-4 Average gross profit rate: 40% of sales Inventory on January 1 (at cost): $216,000 Purchases from January 1 to date of inventory estimate: $900,000 Net sales for period: $1,160,000 Kipped eBook Use the above data to compute the estimated Inventory cost for Sloan Company under the gross profit method. eferences $ Beginning inventory, January 1 Purchases Cost of goods available for sale 216,000 900,000 1,116,000 $ Estimated...
CHAPTER 6 Inventory Costing and Valuation Pro Problem 6-13B Estimating ending inventory-gross profit method LO6 CHECK FIGURE: $81,380.50 The Zeon Company had a flood on July 5, 2020, that destroyed all of its inventory. The salvao records contained the following information: Рон ins $ 737,650 414.900 Sales, January 1 to July 5...... Net merchandise purchased Jan. 1 to July 5......... Additional information was determined from the 2019 annual report: Income statement: $2,122,550 1,337,175 Sales... Cost of goods sold................ Balance sheet:...
Cr. P9.7 (LO 4) Groupwork (Gross Profit Method) On April 15, 2021, fire damaged the office and warehouse of Stanislaw Corporation. The only accounting record saved was the general ledger, from which the balance sheet data below was prepared. Stanislaw Corporation March 31, 2021 Dr. Cash $ 20,000 Accounts receivable 40,000 Inventory, December 31, 2020 75,000 Land 35,000 Buildings 110,000 Accumulated depreciation $ 41,300 Equipment Accounts payable 23,700 Other accrued expenses 10,200 Common stock 100,000 3,600 Equipment 3,600 Accounts payable...
4 Algorithmic Saved Help Save & Exit Subm Check my work Problem 6-4AA Periodic: Alternative cost flows LO P3 Montoure Company uses a periodic inventory system. It entered into the following calendar-year purchases and sales transactions. Date Activities Units Acquired at Cost Units sold at Retail Jan. 1 Beginning inventory 768 units @ $70.00 per unit Feb. 10 Purchase 480 units @ $67.00 per unit Mar. 13 Purchase 280 units @ $52.00 per unit Mar. 15 Sales 880 units@ $100.00...
Required Information Serial Problem Business Solutions LO P1, P2, P3, P4 [The following Information applies to the questions displayed below.) Santana Rey created Business Solutions on October 1, 2019. The company has been successful, and its list of customers has grown. To accommodate the growth, the accounting system is modified to set up separate accounts for each customer. The following chart of accounts Includes the account number used for each account and any balance as of December 31, 2019. Santana...
>Save On DT Ch 9 Student Assign Ch 9 Recording liabilities US Edition at Aug 29_18 (1) (1) - Protected Home Insert Draw Page Layout Formulas Data Review View Help "ROTECTED VIEW Be careful--files from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View. ✓ fx A B E F G H Before you begin, print out all the pages in this workbook. The unadjusted trial balance of Morgan Manufacturing Corp. at...
I need help on questions 2 through 8. All necessary information
is included below. Thank you. I
Balance Sheet (previous month) Liabilities Assets Accounts Payable Salaries Payable Unearned Revenues Long-term Debt Total Liabilities Cash 53,000 31,000 9,000 2,000 Accounts Receivable Allow For Doubtful Accts Office Supplies Inventory Prepaid Rent Equipment Accumulated Depreciation (3,000) 7,000 20,000 27,000 18,000 58,000 48,000 Equities Common Stock 100,000 (35,000) 111,000 Retained Earnings Total Equities Total Liab and Equities 50,000 161,000 219,000 Total Assets 219,000 Income...
i
need the income statement and balnce sheet only....please
help!!!
Version 1 Company -Matisse Company Reporting Year- 2016 (Corporation Uses a Calendar Year Jan. 1 through Dec. 31st List of Accounts Common Stock, Total Dividends Other Expense Trading Securities Sales Tax Payable Purchase Discounts General Expense Rent Revenue Purchase Returns & Allowances Accounts Payable Interest Payable (Current) Estimated Warranty Liability Deferred Income Tax Unearned Revenue Capital Lease Obligation 8S 132.00 苓982. CO $1,200.0 1315.00 2.000.0O Chapter Material of Education redesigned...
Please answer all questions listed. Whatever I can do to help, by
giving a positive rating, thumbs up, etc. Let me know! Very
desperate for help!
Use the information contained in these financial statements and notes to complete this case. All answers should be for the most current year (September 24, 2016) unless asked otherwise. Many companies show amounts in the thousands or millions please state amounts as shown on the financial statements. Do not add zeros. You do not...
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