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Complete the Adjustments column of the work sheet represented
below. Ending merchandise inventory is $92,000. If...
I can't seem to get my numbers to match up the way they should on this. Help, please? Chapter 14 Adjustments for a Merch...
I can't seem to get my numbers
to match up the way they should on this. Help, please?
Chapter 14 Adjustments for a Merchandising Business 64. Complete the Adjustments column of the work sheet represented below. Ending merchandise inventory is $92,000. Work Sheet (partial) Trial Balance Adjustments Debit Credit Debit Credit 81,000 Account Title Merchandise Inventory Income Summary Purchases Purchases Returns and Allowances Purchases Discounts Freight-In 273,000 12,100 21,000 5,300
Completion of a Work Sheet Showing a Net Loss 1. Complete the Adjustments columns. 2. Complete...
Completion of a Work Sheet Showing a Net Loss 1. Complete the Adjustments columns. 2. Complete the work sheet. 3. Enter the adjustments in a general journal. If an amount box does not require an entry, leave it blank. The trial balance for Cascade Bicycle Shop, a business owned by David Lamond, is shown below. Cascade Bicycle Shop Trial Balance December 31, 20 -- ACCOUNT TITLE DEBIT BALANCE CREDIT BALANCE Cash 23,105 Accounts Receivable 15,325 Merchandise Inventory 30,635 Supplies 7,000...
Completion of a Work Sheet Showing a Net Loss 1. Complete the Adjustments columns. 2. Complete...
Completion of a Work Sheet Showing a Net Loss 1. Complete the Adjustments columns. 2. Complete the work sheet. 3. Enter the adjustments in a general journal. If an amount box does not require an entry, leave it blank. The trial balance for Cascade Bicycle Shop, a business owned by David Lamond, is shown below. Cascade Bicycle Shop Trial Balance December 31, 20 ACCOUNT TITLE DEBIT BALANCE CREDIT BALANCE Cash Accounts Receivable Merchandise Inventory Supplies Prepaid Insurance Land Building Accumulated...
Work Sheet Extensions for Merchandise Inventory Adjustments:Periodic Inventory System1. Complete the Adjustments columns for...
Work Sheet Extensions for Merchandise Inventory Adjustments:
Periodic Inventory System1. Complete the Adjustments columns for the merchandise
inventory.2. Extend the merchandise inventory to the Adjusted Trial
Balance and Balance Sheet columns.3. Extend the remaining accounts to the Adjusted Trial Balance
and Income Statement columns.4. Prepare a cost of goods sold section from the partial worksheet.The following partial worksheet is taken from Kevin's Gift
Shop for the year ended December 31, 20--. The ending merchandise
inventory is $51,330.Merchandising Inventory:1. Complete the...
Following are the adjustment data for Bruno Company: a-b. Merchandise inventory (ending), $1,0...
Following are the adjustment data for Bruno Company: a-b. Merchandise inventory (ending), $1,045. c. Professional fees earned, $32,100. d. Supplies inventory (on hand), $1,415. e. Insurance expired, $750. f. Depreciation of office equipment, $300. g. Wages accrued, $630. Record these data in the Adjustments column of the following work sheet. If an amount is zero, enter "0". Bruno Company Worksheet TRIAL BALANCE ADJUSTMENTS ACCOUNT NAME DEBIT CREDIT DEBIT CREDIT Cash 32,725 Accounts Receivable 960 Merchandise Inventory 1,250 Supplies 1,525 Prepaid...
The trial balance and adjusted trial balance represented below were entered on the work sheet of...
The trial balance and adjusted trial balance represented below were entered on the work sheet of Blue Grass Notes for the year ended December 31, 20--. Work Sheet (partial) Trial Balance Adjusted Trial Balance Account Title Debit Credit Debit Credit Cash 18,040 18,040 Accounts Receivable 4,400 4,400 Merchandise Inventory 42,600 40,400 Supplies 2,530 2,530 Prepaid Insurance 6,900 3,850 Store Equipment 118,800 118,800 Accumulated Depreciation—Store Equipment 46,530 64,130 Building 132,000 132,000 Accumulated Depreciation—Building 68,200 74,800 Land 69,000 69,000 Accounts Payable 8,280...
Stylon Co., a women's clothing store, purchased $26,000 of merchandise from a supplier on account
Purchase-Related TransactionsStylon Co., a women's clothing store, purchased $26,000 of merchandise from a supplier on account, terms FOB destination, 2/10, n/30, using the net method under a perpetual inventory system. Stylon returned merchandise with an invoice amount of $4,400, receiving a credit memo.a. Journalize Stylon’s entry to record the purchase. If an amount box does not require an entry, leave it blank.b. Journalize Stylon’s entry to record the merchandise return. If an amount box does not require an entry, leave...
Purchase-Related Transactions Poff's Co., a women's clothing store, purchased $19,000 of merchandise from a supplier on...
Purchase-Related Transactions Poff's Co., a women's clothing store, purchased $19,000 of merchandise from a supplier on account, terms FOB destination, 1/10, n/30. Poff's returned $2,700 of the merchandise, receiving a credit memo, and then paid the amount due within the discount period. a. Journalize Poff's Co.'s entry to record the purchase. If an amount box does not require an entry, leave it blank. b. Journalize Poff's Co.'s entry to record the merchandise return. If an amount box does not require...
Journalize the following transactions assuming the perpetual inventory system: July 3. Sold merchandise on account for...
Journalize the following transactions assuming the perpetual
inventory system:
July 3. Sold merchandise on account for $3,750 terms n/eom.
The cost of the goods sold was 2,00.
July 5. Issued credit memo for $1,050 for merchandise returned
from sale on July 3. The cost of the merchandise returned from sale
on july 3. The cost of the merchandise returned was $610.
July 12. Received check for the amount due for sale on July 3
less return on July 5.
July...
pls solve for all Transactions for Buyer and Seller Grayson Co. sold merchandise to Vargas Co....
pls solve for all
Transactions for Buyer and Seller Grayson Co. sold merchandise to Vargas Co. on account, $152,900, terms FOB shipping point, 2/10, 1/30. The cost of the merchandise sold is $91,740. Grayson Co. paid freight of $2,900. Assume that all discounts are taken Journalize Grayson Co.'s entries for the (a) sale, (b) purchase, and (c) payment of amount due. If an amount box does not require an entry, leave it blank. (a) Accounts Receivable Vargas Co. 149,842 Sales...
I can't seem to get my numbers
to match up the way they should on this. Help, please?
Chapter 14 Adjustments for a Merchandising Business 64. Complete the Adjustments column of the work sheet represented below. Ending merchandise inventory is $92,000. Work Sheet (partial) Trial Balance Adjustments Debit Credit Debit Credit 81,000 Account Title Merchandise Inventory Income Summary Purchases Purchases Returns and Allowances Purchases Discounts Freight-In 273,000 12,100 21,000 5,300
Completion of a Work Sheet Showing a Net Loss 1. Complete the Adjustments columns. 2. Complete the work sheet. 3. Enter the adjustments in a general journal. If an amount box does not require an entry, leave it blank. The trial balance for Cascade Bicycle Shop, a business owned by David Lamond, is shown below. Cascade Bicycle Shop Trial Balance December 31, 20 ACCOUNT TITLE DEBIT BALANCE CREDIT BALANCE Cash Accounts Receivable Merchandise Inventory Supplies Prepaid Insurance Land Building Accumulated...
Work Sheet Extensions for Merchandise Inventory Adjustments:
Periodic Inventory System1. Complete the Adjustments columns for the merchandise
inventory.2. Extend the merchandise inventory to the Adjusted Trial
Balance and Balance Sheet columns.3. Extend the remaining accounts to the Adjusted Trial Balance
and Income Statement columns.4. Prepare a cost of goods sold section from the partial worksheet.The following partial worksheet is taken from Kevin's Gift
Shop for the year ended December 31, 20--. The ending merchandise
inventory is $51,330.Merchandising Inventory:1. Complete the...
Purchase-Related Transactions Poff's Co., a women's clothing store, purchased $19,000 of merchandise from a supplier on account, terms FOB destination, 1/10, n/30. Poff's returned $2,700 of the merchandise, receiving a credit memo, and then paid the amount due within the discount period. a. Journalize Poff's Co.'s entry to record the purchase. If an amount box does not require an entry, leave it blank. b. Journalize Poff's Co.'s entry to record the merchandise return. If an amount box does not require...
Journalize the following transactions assuming the perpetual
inventory system:
July 3. Sold merchandise on account for $3,750 terms n/eom.
The cost of the goods sold was 2,00.
July 5. Issued credit memo for $1,050 for merchandise returned
from sale on July 3. The cost of the merchandise returned from sale
on july 3. The cost of the merchandise returned was $610.
July 12. Received check for the amount due for sale on July 3
less return on July 5.
July...
pls solve for all
Transactions for Buyer and Seller Grayson Co. sold merchandise to Vargas Co. on account, $152,900, terms FOB shipping point, 2/10, 1/30. The cost of the merchandise sold is $91,740. Grayson Co. paid freight of $2,900. Assume that all discounts are taken Journalize Grayson Co.'s entries for the (a) sale, (b) purchase, and (c) payment of amount due. If an amount box does not require an entry, leave it blank. (a) Accounts Receivable Vargas Co. 149,842 Sales...
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