Review the inventory asset transaction report. why would its total (10,756.25) differ from the inventory valuation detail
Fantastic news! We've Found the answer you've been seeking!
Question:
Review the inventory asset transaction report. why would its total (10,756.25) differ from the inventory valuation detail total (9,756.25) for the same date range?
A: 1,000$ of rock fountains were purchased without using a product or service
B: the reports are for all dates, not a specific point in time (wrong tried it)
C: one thousand sprinkler heads were purchases without using a product or service
D: a negative quantity of pumps was sold
Transcribed Image Text:
Cheryl's Design and Landscaping Services Inventory Asset Transaction Report All Dates Date Transaction Type Num Name Memo/Description Split Amount Inventory Asset OS/03/2021 Bill 8112 Earthco Landscape Supplies Fountain Pump Accounts Payable (A/P) 80.00 O5/03/2021 Bill 8112 Earthco Landscape Supplies Rock Fountain Accounts Payable (A/P) 125.00 05/03/2021 Invoice 1036 Wildemess Sporting Goods:Store 5217 Fountain Pump Accounts Receivable (A/R) -10.00 OS/03/2021 Invoice 1036 Wildemess Sporting Goods:Store 5217 Rock Fountain Accounts Receivable (A/R) -125.00 05/03/2021 Cheque 75 Rockland Gravel & Supply Co Fountain Pump Chequing 30.00 05/03/2021 Cheque 75 Rockland Gravel & Supply Ca Sprinkler Pipes Chequing 62.50 05/03/2021 Cheque 75 Rockland Gravel & Supply Co Sprinkler Heads Chequing 11.25 05/03/2021 Cheque 75 Rockland Gravel & Supply Co Rock Fountain Chequing 125.00 05/03/2021 Invoice 1035 Jane Goldsby Sprinkler Pipes Accounts Receivable (A/R) -10.00 05/03/2021 Invoice 1035 Jane Goldsby Rock Fountain Accounts Receivable (A/R) -125.00 05/03/2021 Inventory Qty Adjust START Opening inventory for Rock Fountain Opening Balance Equity 375.00 OS/03/2021 Inventory Qty Adjust START Opening inventory for Rock Fountain Opening Balance Equity 05/03/2021 Invoice 1037 Brees Brothers Family Store Rock Fountain Accounts Receivable (A/R) -125.00 05/03/2021 Invoice 1037 Brees Brothers Family Store Fountain Pump Accounts Receivable (A/R) -10.00 OS/03/2021 Inventory Qty Adjust START Opening inventory for Pump Opening Balance Equity 160.00 05/03/2021 Inventory Qty Adjust START Opening inventory for Pump Opening Balance Equity 05/03/2021 Inventory Qty Adjust START Opening inventory for Sprinkler Heads Opening Balance Equity 7.50 OS/03/2021 Inventory Qty Adjust START Opening inventory for Sprinkler Heads Opening Balance Equity 05/03/2021 Inventory Qty Adjust START Opening inventory for Sprinkler Pipes Opening Balance Equity 25 05/03/2021 Inventory Qty Adjust START Opening inventory for Sprinkler Pipes Opening Balance Equity 17/03/2021 Bill 1234 Whiterack Landscaping Supplies 8 Rock Fountains Accounts Payable (A/P) 1,000.00 25/03/2021 Invoice 1038 Sorrel Golf Course Rock Fountain Accounts Receivable (A/R) -140.00 25/03/2021 Invoice 1038 Sorrel Golf Course Rock Fountain Accounts Receivable (A/R) -80.00 25/03/2021 Invoice 1038 Sorrel Golf Course Rock Fountain Accounts Receivable (A/R) -30.00 25/03/2021 Invoice 1038 Sorrel Golf Course Rock Fountain Accounts Receivable (A/R) -80.00 25/03/2021 Invoice 1038 Sorrel Golf Course Rock Fountain Accounts Receivable (A/R) -80.00 25/03/2021 Invoice 1038 Sorrel Golf Course Rock Fountain Accounts Receivable (A/R) -90.00 25/03/2021 Bill 8767 Earthco Landscape Supplies Fountain Pump Accounts Payable (A/P) 80.00 25/03/2021 Bill 8767 Earthco Landscape Supplies Sprinkler Heads Accounts Payable (A/P) 750.00 3D/03/2021 Earthco Landscape Supplies Sprinkler Pipes Accounts Payable (A/P) 8,750.00 Bill 8795 30/03/2021 Bill 8795 Earthco Landscape Supplies Fountain Pump Accounts Payable (A/P) 80.00 Total for Inventory Asset $ 10,756.25 ТOTAL 10,756.25 Cheryl's Design and Landscaping Services Inventory Asset Transaction Report All Dates Date Transaction Type Num Name Memo/Description Split Amount Inventory Asset OS/03/2021 Bill 8112 Earthco Landscape Supplies Fountain Pump Accounts Payable (A/P) 80.00 O5/03/2021 Bill 8112 Earthco Landscape Supplies Rock Fountain Accounts Payable (A/P) 125.00 05/03/2021 Invoice 1036 Wildemess Sporting Goods:Store 5217 Fountain Pump Accounts Receivable (A/R) -10.00 OS/03/2021 Invoice 1036 Wildemess Sporting Goods:Store 5217 Rock Fountain Accounts Receivable (A/R) -125.00 05/03/2021 Cheque 75 Rockland Gravel & Supply Co Fountain Pump Chequing 30.00 05/03/2021 Cheque 75 Rockland Gravel & Supply Ca Sprinkler Pipes Chequing 62.50 05/03/2021 Cheque 75 Rockland Gravel & Supply Co Sprinkler Heads Chequing 11.25 05/03/2021 Cheque 75 Rockland Gravel & Supply Co Rock Fountain Chequing 125.00 05/03/2021 Invoice 1035 Jane Goldsby Sprinkler Pipes Accounts Receivable (A/R) -10.00 05/03/2021 Invoice 1035 Jane Goldsby Rock Fountain Accounts Receivable (A/R) -125.00 05/03/2021 Inventory Qty Adjust START Opening inventory for Rock Fountain Opening Balance Equity 375.00 OS/03/2021 Inventory Qty Adjust START Opening inventory for Rock Fountain Opening Balance Equity 05/03/2021 Invoice 1037 Brees Brothers Family Store Rock Fountain Accounts Receivable (A/R) -125.00 05/03/2021 Invoice 1037 Brees Brothers Family Store Fountain Pump Accounts Receivable (A/R) -10.00 OS/03/2021 Inventory Qty Adjust START Opening inventory for Pump Opening Balance Equity 160.00 05/03/2021 Inventory Qty Adjust START Opening inventory for Pump Opening Balance Equity 05/03/2021 Inventory Qty Adjust START Opening inventory for Sprinkler Heads Opening Balance Equity 7.50 OS/03/2021 Inventory Qty Adjust START Opening inventory for Sprinkler Heads Opening Balance Equity 05/03/2021 Inventory Qty Adjust START Opening inventory for Sprinkler Pipes Opening Balance Equity 25 05/03/2021 Inventory Qty Adjust START Opening inventory for Sprinkler Pipes Opening Balance Equity 17/03/2021 Bill 1234 Whiterack Landscaping Supplies 8 Rock Fountains Accounts Payable (A/P) 1,000.00 25/03/2021 Invoice 1038 Sorrel Golf Course Rock Fountain Accounts Receivable (A/R) -140.00 25/03/2021 Invoice 1038 Sorrel Golf Course Rock Fountain Accounts Receivable (A/R) -80.00 25/03/2021 Invoice 1038 Sorrel Golf Course Rock Fountain Accounts Receivable (A/R) -30.00 25/03/2021 Invoice 1038 Sorrel Golf Course Rock Fountain Accounts Receivable (A/R) -80.00 25/03/2021 Invoice 1038 Sorrel Golf Course Rock Fountain Accounts Receivable (A/R) -80.00 25/03/2021 Invoice 1038 Sorrel Golf Course Rock Fountain Accounts Receivable (A/R) -90.00 25/03/2021 Bill 8767 Earthco Landscape Supplies Fountain Pump Accounts Payable (A/P) 80.00 25/03/2021 Bill 8767 Earthco Landscape Supplies Sprinkler Heads Accounts Payable (A/P) 750.00 3D/03/2021 Earthco Landscape Supplies Sprinkler Pipes Accounts Payable (A/P) 8,750.00 Bill 8795 30/03/2021 Bill 8795 Earthco Landscape Supplies Fountain Pump Accounts Payable (A/P) 80.00 Total for Inventory Asset $ 10,756.25 ТOTAL 10,756.25
Expert Answer:
Answer rating: 100% (QA)
ANSWER B the reports are for all dates not a specific point in time wrong tried it The minimum datas... View the full answer
Related Book For
Fundamentals of corporate finance
ISBN: 978-0470876442
2nd Edition
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
Posted Date:
Students also viewed these accounting questions
-
How many bricks are there in one wall of a classroom? The whole school? Use Fermi estimation to get an estimate of the number of bricks. Your estimate doesn't need to be precise. Document any...
-
Inventory that was purchased for $5,000 should not be sold for less than $5,000 because such a sale would result in a loss. Do you agree? Explain.
-
Product C is assembled from components D and E. Item D is made from item F and Item G. Item F is made from item J and item K. Item E is made from item H and item I. Item H is made from Item J. All...
-
The receiver most commonly used in AM and FM radio broadcast is the so-called superheterodyne receiver. Answer the following questions about this receiver. a. Draw the block diagram of a...
-
The U.S. Census Bureau publishes data on factory orders for all manufacturing, durable goods, and nondurable goods industries. Shown here are factory orders in the United States over a 13-year period...
-
The Earths radius is about 6370 km. An object that has a mass of 20 kg is taken to a height of 160 km above the Earths surface. (a) What is the objects mass at this height? (b) How much does the...
-
Refer to the data set in Exercise 26 and the box-andwhisker plot you drew that represents the data set. (a) About 50% of the companies made less than what amount of annual profits? (b) What percent...
-
Farrior Fashions needs to replace a beltloop attacher that currently costs the company $40,000 in annual cash operating costs. This machine is of no use to another company, but it could be sold as...
-
How can the organization ensure that this piece of infrastructure is positioned as strategic and not just administrative?
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
The auto parts department of an automotive dealership sends out a mean of 5.9 special orders daily. What is the probability that, for any day, the number of special orders sent out will be no more...
-
Design a circuit that determines the two's complement of a binary number in a serial fashion.
-
Draw a simple circular flow diagram to illustrate the structure of a market economy. Include businesses and households, input and output markets, and real and money flows.
-
Consumers who want to eat fresh, local produce and small farmers looking for more predictable revenue have found a match in community-supported agriculture (CSA). CSA is essentially a subscription...
-
Find the centroid of a rod of length L, and mass M, using the first principle.
-
Research and write a short paper (two pages maximum) describing how organizations use aggregate planning options in Exhibit 14.3. EXHIBIT 14.3 Example Aggregate Planning Variables and Revenue/Cost...
-
Jena and Michelle decide to form a partnership to invest in Real estate. On June 30th, they purchased a 40-unit residential building with 10,000 square feet of retail space on the ground floor for...
-
6 (a) Briefly develop a mathematical model of the behaviour of a copper-twisted pair cable (b) Derive the magnetic energy from: w given that: K + w, where the - - k symbols have their usual meaning...
-
What is the trade-off theory of capital structure?
-
Calculate the present value of the following perpetuities: a. $1,250 discounted to the present at 7 percent. b. $7,250 discounted to the present at 6.33 percent. c. $850 discounted to the present at...
-
Swan Specialty Cycles is currently financed with 50 percent debt and 50 percent equity. The firm pays $125 each year to its debt investors (at a 10 percent cost of debt), and the debt has no maturity...
-
Give some examples of how CRM-enabled sales analytics can provide valuable insights at each of these stages of the customer journey: prospect (lead), initial customer contact, engagement with the...
-
Someone says: Our firm focuses on maintaining long-term relationships with our customers. We dont have to do any prospecting. Evaluate this statement.
-
Why do some salespeople not immediately embrace the use of the newest technologies? What are some ways in which a salesperson who is reluctant to adopt new technologies might be influenced to do so?
Study smarter with the SolutionInn App