DC ehensive Problem Part 8 Saved Help Save & Exit Submit Check my work 1 During Year 8. Pacilio Security Services experienced the following transactions 1. Pald the salaries payable from Year 7 2. Purchased equipment and a van for a lump sum of $36,000 cash on January 2 Year 8. The equipment was appraised for $10,000 and the van was appraised for $30,000 3. Pald $9.000 on May 1 Year 8. for one year's office rent in advance 4. Purchased $300 of supplies on account. 5. Purchased 120 alarm systems at a cost of $280 wach Paid cash for the purchase 6. After numerous attempts to collect from customers, wrote off $2,350 of uncollectible accounts receivable 7. Sold 115 alarm systems for $580 each. All sales were on account 8. Record the cost of goods sold related to the sale from Event 7 using the FIFO method 9. Billed $86,000 of monitoring services for the year. Credit card sales amounted to $36,000, and the credit card company charged 4 percent fee. The remaining $50,000 were sales raw Pey 1 of 1 11 NE OWO o DC ehensive Problem Part 8 Saved Help Save & Exit Submit Check my work 1 During Year 8. Pacilio Security Services experienced the following transactions 1. Pald the salaries payable from Year 7 2. Purchased equipment and a van for a lump sum of $36,000 cash on January 2 Year 8. The equipment was appraised for $10,000 and the van was appraised for $30,000 3. Pald $9.000 on May 1 Year 8. for one year's office rent in advance 4. Purchased $300 of supplies on account. 5. Purchased 120 alarm systems at a cost of $280 wach Paid cash for the purchase 6. After numerous attempts to collect from customers, wrote off $2,350 of uncollectible accounts receivable 7. Sold 115 alarm systems for $580 each. All sales were on account 8. Record the cost of goods sold related to the sale from Event 7 using the FIFO method 9. Billed $86,000 of monitoring services for the year. Credit card sales amounted to $36,000, and the credit card company charged 4 percent fee. The remaining $50,000 were sales raw Pey 1 of 1 11 NE OWO o