[u03a1] Unit 3 Assignment 1.docx

[u03a1] Unit 3 Assignment 1.docx - U03a3 unit 3 Assignment...

This preview shows 1 out of 3 pages.

U03a3 unit 3 Assignment 1 Problem 28. Chapter 9 2/1/15 Equipment $17,600 Accounts Payable (40,000 x $.44) $17,600 4/1/15 Accounts Payable (L) $17,600 Foreign Exchange Loss 400 Cash (40,000 x $.45) $18,000 6/1/15 Inventory $14,100 Accounts Payable (L) (30,000 x $.47) $14,100 8/1/15 Accounts Receivable (L) (40,000 x $.48) $19,200 Sales $19,200 Cost-of-Goods Sold $9,870 Inventory ($14,100 x 70%) $9,870 10/1/15 Cash (30,000 x $.49) $14,700 Accounts Receivable (L)($19,200 x3/4) $14,400 Foreign Exchange Gain 300 11/1/15 Accounts Payable (L) $9,400 Foreign Exchange Loss ($14,100 x 2/3) 600 Cash (20,000 x $.50) $10,000
Image of page 1

Subscribe to view the full document.

12/31/15 Foreign Exchange Loss $500 Accounts Payable (L) (10,000 x ($.52 – $.47)) $500 Accounts Receivable (L) (10,000 x ($.52 – $.48)
Image of page 2
Image of page 3
You've reached the end of this preview.
  • Winter '15
  • Tim Price
  • Depreciation, Generally Accepted Accounting Principles

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern