Bonus 3 - ACCT 2001 SPRING 2009 BONUS PROBLEM #3 Maximum 3...

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Unformatted text preview: ACCT 2001 SPRING 2009 BONUS PROBLEM #3 Maximum 3 points Please answer the questions below. In preparing your memo, follow these directions: • Bonus Problem due in-class only. See your class schedule for date due (papers will not be accepted after class) • Answer must be typed on the answer sheet provided. • Address your Memo as follows : • TO: Your Professor (Name) • FROM: Your Name_____ Your ID#______ Signature____________ • Sign your name to state that you did your own work. (Note: You will have points deducted if you do not sign your name) ************************************************************************** Use the following information for the next two questions. Beginning inventory for Sweeney Company at January 1, 2009, under the periodic inventory system is $25,000. Other information includes: ending inventory (12/31/09) was $20,000; purchases during 2009 were $40,000; purchases returns and allowances for 2009 were $1,500; purchase discounts for 2009 were $500; transportation-in was $500, and...
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This note was uploaded on 11/16/2011 for the course ACCT 2001 taught by Professor Kochanek during the Spring '09 term at UConn.

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Bonus 3 - ACCT 2001 SPRING 2009 BONUS PROBLEM #3 Maximum 3...

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