Question

Great Adventures Problem 6-1 The following information applies to the questions displayed below Now that operations for outdoor clinics and TEAM events are running smoothly, Suzie thinks of another area for business expansion. She notices that a few clinic participants wear multiuse (MU) watches. Beyond the normal timekeeping features of most watches, MU watches are able to report temperature, altitude, and barometric pressure. MU watches are waterproof, so moisture from kayaking, rain, fishing, or even diving up to 100 feet won't damage hem. Suzie decides to have MU watches available or sale at he start o each clinic The ollowing ransactions reate to purchases and sales of atc es dur g the second half of 019. A 1 atches are sold for $296 each. Jul. 17 Purchased 46 watches for $6,716 ($146 per watch) on account. Jul. 31 Sold 36 watches for $10,656 cash. Aug. 12 Purchased 36 watches for $5,616 ($156 per watch) cash. Aug. 22 Sold 26 watches for $7,696 on account Sep. 19 Paid for watches ordered on July 17 Sep. 27 Received full payment for watches sold on account on August 22. Oct. 27 Purchased 76 watches for $12,616 ($166 per watch) cash. Nov. 20 Sold 86 watches for $25,456 cash. Dec. 4 Purchased 112 watches for $19,712 ($176 per watch) cash. Dec. 8 Sold 36 watches for $10,656 on account