Accounting 225

CheckPoint: stock list Systems and Calculating Revenues, Expenses, and Income Resource: Fundamental business relationship Principles, pp. 206, 208, and 209. overdue Date: Day 5 [Individual] forum collar dissolute Study question 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 Contrasting periodic and staring(a) systems Identify whether by the piece commentary best applies to a periodic or a perpetual stock list system. a. Provides more timely information to managers. changeless b. Requires an adjusting entry to playscript inventory shrinkage. Perpetual c. Markedly increase in frequency and popularity in business within the ultimo decade. Perpetual d. Records cost of goods change each time a gross 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 pur chases a) 36,000 b) 1550c)33750d)32,000 e) 5,600 Merchandise inventory (ending) a) (7950) b)(2,700) c) (9,000) No figure e) (2560_ cost of goods sold a)34,050 b)15,900 c)32250 d)?

e)5,600 Gross good 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 balance is not given. Exercise 5-13 PeriodicPerpetual 1 procures Dr. 1400Inventory Dr1400 scotchs payable Cr 1400Accounts payable Cr.1400 2. Accounts Payable Dr.1400 Accounts Payable Dr.14 00 silver Cr.1372 funds Cr 1372 acquire ! deductive reasoning Cr 28Inventory Cr 28 3. Cash Dr. 100Cash Dr 100 Purchase return and allowance Cr100Inventory Cr 100 4. Freight 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 want to get a full essay, enjoin it on our website: BestEssayCheap.com

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