DS Unlimited has the following transactions during August August 6 Purchases 56 handheld game devices on...
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DS Unlimited has the following transactions during August August 6 Purchases 56 handheld game devices on account trom GameGirl, Inc., for $130 each, terma 1/10, n/60. August 7 Paya $330 to Sure Shipping for freight charges associatod with the August 6 purchane. Auguat 10 Returna to GaneGirl s1x game devices that were defective. August 14 Pays the full amount due to GaneGirl. Auguat 23 Sells 36 game devices purchased on Auguat 6 for $150 each to customers on account. The total cost of the 36 gamo devices aold is $4,871.00. 2. Record the period-end adjustment to cost of goods sold on August 31, assuming the company has no beginning inventory and ending inventory has a cost of $1,894. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first ccount field.) View transaction list View journal entry worksheet No Date General Journal Debit Credit 1 August 31 Accounts Payable Irnventory (ending) Cash DS Unlimited has the following transactions during August August 6 Purchases 56 handheld game devices on account trom GameGirl, Inc., for $130 each, terma 1/10, n/60. August 7 Paya $330 to Sure Shipping for freight charges associatod with the August 6 purchane. Auguat 10 Returna to GaneGirl s1x game devices that were defective. August 14 Pays the full amount due to GaneGirl. Auguat 23 Sells 36 game devices purchased on Auguat 6 for $150 each to customers on account. The total cost of the 36 gamo devices aold is $4,871.00. 2. Record the period-end adjustment to cost of goods sold on August 31, assuming the company has no beginning inventory and ending inventory has a cost of $1,894. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first ccount field.) View transaction list View journal entry worksheet No Date General Journal Debit Credit 1 August 31 Accounts Payable Irnventory (ending) Cash
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solulion Dale Cueneral Jounnal Debit cnedit Inven tor... View the full answer
Related Book For
Financial Accounting
ISBN: 978-0077862268
2nd edition
Authors: J. David Spiceland, Wayne Thomas, Don Herrmann
Posted Date:
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