View the step-by-step solution to:

E ?

I am not sure where did 450*8 is from C27. anyone can explain this?

131 Q1.png

131 Q1.png

E ? Insin 039::me meula; Um Anal v To . A‘ A' 3/v :EwIame AccoUntIng v WEI 1/ NoImaI Bad Good Neutral Calculation en:- rgyg 3‘: Enutmm v QT p
T FIII‘
.‘ ”mmpmfl I H v 7 ~ b Av : 4-: a: — MchthCcMfl . s v «x. ¢ mg :3 $223231 Rafa Explanatow. Input LInkEd CQII Note : Infert DeIcIe MTG: ’C‘fiv Hiya: if:
CIiflbnald IT- Funt IT- NIgnmrnl I1 Numb“ IT- SI‘UIES CEIIS EdIlIng 6
C27 v a I; =(1sa’7)+[aso‘a) v
A A IBICIDIEIFIGIHI IJIKILIMINIOIPIQIRISITIUIVIWIXIVIZIMIABIACA
L NAME
L
3L
L
5_
LINTERMEDIATEACOOUNDNG 131A. FALL2014
LEXAMI
L
971) SMITH HAS THE FOLLOWING TWO TRANSACTIONS
10
1E - BEGINNING INVENTORY OF150 UNITS AT 57,00/UNIT
I; , PURCHASED 500 UNITS OF INVENTORY AT .00 uU/UNIT
11 , SOLD 600 UNITS OF INVENTORY FOR 525IUNIT
14
15 ASSUME UNITS PURCHASED ON CREDIT.
13 ASSUME UNITS SOLD ON CREDIT
1L ASSUME FIFO METHOD
16
13 REQUIRED: PREPARE ALL CORRESPONDING JOURNAL ENTRIES UNDER THE PERPETUAL METHOD. (6 POINTS)
2:)
2: INVENTORY 4,000
2; AP 4.000
Q
21 AR 15,000
1: REVENUE 15,000
g
E COGS A550 _
21 INVENTORY 4.650
21
30
3L
3;
3; REQUIRED: WHAT IS ENDING INVENTORV? (4 POINTS) 400
31
3E
33
3L 2) JONES HAS THE FOLLOWING DATA REGARDING BAD DEBT EXPENSE AND THE
33 ALLOWANCE FOR DOUBTFULACCOUNTS:
39
a3 BEGINNING ALLOWANCE 5,200
a; ENDING ALLOWANCE 5,500
A; BAD DEBT EXPENSE 5,600
a;
4i
a; REQUIRED: WHAT Is THE AMOUNT OF AR WRITTEN OFF DURING THE ACCOUNTING PERIOD? [5 POINTS) 7
Sheet! SheeLZ I sheets I Shasta I Sheets I © 5 i ,

Top Answer

From the cost of inventory... View the full answer

Sign up to view the full answer

Why Join Course Hero?

Course Hero has all the homework and study help you need to succeed! We’ve got course-specific notes, study guides, and practice tests along with expert tutors.

-

Educational Resources
  • -

    Study Documents

    Find the best study resources around, tagged to your specific courses. Share your own to gain free Course Hero access.

    Browse Documents
  • -

    Question & Answers

    Get one-on-one homework help from our expert tutors—available online 24/7. Ask your own questions or browse existing Q&A threads. Satisfaction guaranteed!

    Ask a Question
Ask a homework question - tutors are online