Accounting 225

CheckPoint: stock list Systems and sharp Revenues, Expenses, and Income Resource: Fundamental chronicle Principles, pp. 206, 208, and 209. over delinquent Date: solar day 5 [Individual] forum concluded dissolute Study headland QS 5-8 on p. 206 and doings 5-9 and 5-13 on pp. 208-209. Post your answers as an attachment. QS 5-8A secern periodic and staring(a) systems Identify whether separately commentary best applies to a periodic or a perpetual inventory system. a. Provides much timely information to managers. Perpetual b. Requires an adjusting unveiling to playscript inventory shrinkage. Perpetual c. markedly increased in frequency and popularity in business within the past decade. Perpetual d. Records be of goods interchange each time a gross sales transaction occurs. Perpetual : Exercise 5-9 sales a)$60,000 b)$42,500 c)$36,000 d)? e)23,600 cost of goods sold merchandise inventory a) $6,000 b) 17,050 c) 7,500 d) 7,000 e)2,560 purchases a) 36,000 b) 1550c)33750d)32,000 e) 5,600 mathematical product inventory (ending) a) (7950) b)(2,700) c) (9,000) No bit e) (2560_ cost of goods sold a)34,050 b)15,900 c)32250 d)?

e)5,600 primitive profit a)25950 b)26600c) 3,750 d) 45,600) e)18000 Expenses a) 9,000 b)10,650 c) 12,150 d)2,600 e) 6,000 network income (loss) a)16950 b)15,950 c)(8,400) d)43,000e)12000 d figure can non be metric as inventory ending residue is not given. Exercise 5-13 PeriodicPerpetual 1 procures Dr. 1400Inventory Dr1400 Accounts Payable Cr 1400Accounts due Cr.1400 2. Accounts Payable Dr.1400 Accounts Payable Dr.1400 currency Cr.1372 funds Cr 1372 barter for discount Cr 28Inventory Cr 28 3. Cash Dr. 100Cash Dr 100 Purchase invert and allowance Cr100Inventory Cr 100 4. transport in Dr. 80Inventory Dr. 80 Cash Cr 80Cash Cr 80 5. Account due Dr 1500Account Receivable Dr. 1500 Sales Cr 1500Sales Cr. 1500 hail of goods sold Dr 750 Inventory...If you insufficiency to get a safe essay, enjoin it on our website: Ordercustompaper.com

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