Other review questionstest3fall2009

Other review questionstest3fall2009 - 80,000 Freight-in...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Your test will be multiple choice but these are good practice questions. Other review questions: Periodic method: 1. You purchase 1000 units of inventory at $10, 2/10, n/30. Make the entry. 2. You return 100 units of the above inventory. Make the entry. 3. You pay the freight on the above entry, $100. Make the entry. 4. The pay the invoice for the above purchase within the invoice period. Make the entry. 5. Find the Cost of Goods Sold: Beginning inventory 100,000 Ending inventory 20,000 Purchases
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: 80,000 Freight-in 1,000 Shipping expense 3,000 Purchases Returns and Allow 5,000 6. Ch 7 go back over the quizzes 7. Ch 8 Redo to 8-4B Notes Payable and Receivable Redo E8-3, E8-4 8. Ch 9 If I try to sell a bond with a stated rate of 4% and the market rate is 5%, will there Be a discount or premium? If I try to see a bond with a stated rate of 4% and the market rate is 3%, will there Be a discount or premium? 9. Appendix C See my extra time value problems....
View Full Document

{[ snackBarMessage ]}

Ask a homework question - tutors are online