Y6 Show how to solve the following in excel Aspire Excellent Inc. is a book publisher. On
Question:
Y6
Show how to solve the following in excel Aspire Excellent Inc. is a book publisher. On March 1, Aspire sells $25, 000 of books to Get Your Books Inc. (YBI), a large bookstore chain. The sale is made on account with terms net 60. Aspire's customers usually take the full 60 days to pay their invoices. The books cost Aspire $10,000 to manufacture. Below, summarize the effect on the accounts on March 1 from the standpoint of the seller, Aspire Excellent Inc., and the buyer, YBI. A table shows the line items accounts receivable, inventory, and sales for Aspire's accounts. A space is provided to indicate the change (amount and direction of change: positive or negative) in the account. The line items accounts: payable and inventory are shown for YBI's accounts. A space is provided to indicate the change (amount and direction of change: positive or negative) in the account.