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# E ?

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

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LINTERMEDIATEACOOUNDNG 131A. FALL2014
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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;
4i
a; REQUIRED: WHAT Is THE AMOUNT OF AR WRITTEN OFF DURING THE ACCOUNTING PERIOD? [5 POINTS) 7
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