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Graduation CI x Bb Course Docun x Can someone x WileyPLUS G You are called x BSG Corporat> Cengage Digit Microsoft Wor x Relaxing King x Secure |...

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Can someone help with this practice problem so I know how to do the real one. I do not know how at all. So step by step would be helpful. I am getting flagged for a violation. Can someone just help explain the steps involved. You don't have to hand me the answer on a silver platter.

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Graduation CI x
Bb Course Docun x
Can someone x
WileyPLUS
G
You are called x
BSG Corporat>
Cengage Digit
Microsoft Wor x
Relaxing King x
Secure | https://edugen.wileyplus.com/edugen/student/mainfr.uni
WileyPLUS
Kieso, Intermediate Accounting, 16e
INTERMEDIATE ACCOUNTING (ACCT 372/373/374)
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ASSIGNMENT RESOURCES
Exercise 9-17
Ch 9 HW practice
Brief Exercise 9-2
x Your answer is incorrect. Try again.
Brief Exercise 9-4
Brief Exercise 9-6
You are called by Tim Duncan of Spurs Co. on July 16 and asked to prepare a claim for insurance as a result of a theft that took place the night before. You suggest that an inventory be
Brief Ex
Exercise 9-10
taken immediately. The following data are available.
Brief Exercise 9-13
Exercise 9-2
Inventory, July 1
$ 38,000
Exercise 9-7
Purchases-goods placed in stock July 1-15
85,000
Exercise 9-9
Exercise 9-14
Sales revenue-goods delivered to customers (gross)
116,000
x Exercise 9-17
Sales returns-goods returned to stock
4,000
Exercise 9-26
Your client reports that the goods on hand on July 16 cost $30,500, but you determine that this figure includes goods of $6,000 received on a consignment basis. Your past records show
Review Score
that sales are made at approximately 40% over cost. Duncan's insurance covers only goods owned.
Review Results by Study
Objective
Compute the claim against the insurance company. (Round ratios for computational purposes to 2 decimal places, e.g. 78.73% and final answer to 0 decimal places, e.g.
28,987.)
Claim against the insurance company
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