Question: Current Attempt in Progress Retro Productions Ltd. is a Vancouver-based furniture marnfacturer. The company reported the following information on its trial balance for 11 months

 Current Attempt in Progress Retro Productions Ltd. is a Vancouver-based furniture
marnfacturer. The company reported the following information on its trial balance for
11 months of the year ended November 30,2021 . Question 1 of
1 150 Retro reported the following transactions for the month of December.
The company uses a perpetual inventory system and cowned 10.000 units of
inventory on December 1. Dec 1 Received $315,000 on account from a
major customer. 1 Paid $14,000 in rent for the month of December.

Current Attempt in Progress Retro Productions Ltd. is a Vancouver-based furniture marnfacturer. The company reported the following information on its trial balance for 11 months of the year ended November 30,2021 . Question 1 of 1 150 Retro reported the following transactions for the month of December. The company uses a perpetual inventory system and cowned 10.000 units of inventory on December 1. Dec 1 Received $315,000 on account from a major customer. 1 Paid $14,000 in rent for the month of December. 4 Paid $375,000 owing to a supplier from a purchase made in Novembec: 6 Sold 4,200 units of merchandise to a Canadian furniture retailer for $2,121,000 on crecit, FO8 shipping point. 15 Purchased 6,000 units of merchandise from a supplier at a cost of $290 per unit on credit. FOB shipping point. 18 Paidsalaries of $125.000 21 Sold 8,000 units of merchandise for $4,092,000 on account, FOE shipping point. 24 Paid 532.000 for advertising expenses incurred in the month. 27 Purchased 5,000 units of inventory from a supplier at a cost of $300 per unit on credit. FOB shipping point. Record the December transactions. The company uses the FIFO cost formula. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Round answers to 0 decimal places, es. 5,275. Record joumal entries in the order presented in the problem.) Question 1 of 1 150 (To record sale) (To record cost of merchandise sold) (To record cost of merchandise sold) (To record sale) (To record cost of merchandse sold) (To record cost of merchandise sold)

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