WP_problemsAR81 - PR Debit Credit A&R Problem...

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Sales Journal Page 1 Date Account Debited Invoic e No. PR A/R Dr. Sales Cr. PR COGS Dr. Merchandise Inventory Cr. Purchases Journal Page 1 Date Account Credited Date of Invoic e Terms PR A/P CR PR Merchand ise Inventory DR Office Suppli es Dr. Other Accoun ts DR Note: An additional PR column has been added to the Sales and Purchases Journals to facilitate the referencing of inventory entries into the inventory subledger.
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A&R Problem 8-1 (continued) Cash Disbursements Journal Page 1 Date Ch # Payee Account Debited PR Cash Cr. PR Merchand ise Inventory Cr. Other Accounts Dr. A/P Dr. General Journal Page: G1 Date Account Titles and Explanations
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Unformatted text preview: PR Debit Credit A&R Problem 8-1 (concluded) Inventory Subledger Record Weighted-Average Perpetual Inventory Balance Date PR Purchases Sales (at cost) (a) (b) (a) (b) Units Unit Cost Total Cost Unit s Unit Cost Total Cost Tota l Unit s Avera ge Cost/ Unit Total Cost Inventory Balance Calculations Total Cost of goods available for sale = Cost of goods sold + Ending inventory Note: An additional PR column has been added to the Inventory Subledger Record to facilitate referencing of inventory entries....
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WP_problemsAR81 - PR Debit Credit A&R Problem...

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