Student: Alondra Carreon
Total Time spent:
Score for selected take:
Time spent on selected
Yes No No No Yes Yes No 381360 -451200 180000 110160 350160Your an
The following information applies to the questions displayed below.]
At the beginning of July, CD City has a balance in inventory of $2,600. The following transactions
occur during the month of July.
July 3 Purchase CDs on account from Wholesale Music for
4. The write-down of inventory from cost to net realizable value reduces total assets and increases
total expenses, leading to lower net income and lower retained earnings.
[The following information applies to the questions displayed below.]