Beginning inventory, purchases, and sales data for tennis rackets are as follows April 3 Inventory 19 units $15 11 Purchase 12 units $19 14 Sale 26 units 21 Purchase 12 units $15 25 Sale 10 units Complete the subsidiary inventory ledger assuming the business maintains a perpetual inventory system a...

Stock Ledger Date Receipts Issues Balance April Qnty Rate Amount Qnty Rate Amount Qnty R ...

Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 19 units

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Beginning inventory, purchases, and sales data for tennis rackets are as follows:

April	3	Inventory	19 units	@	$15
	11	Purchase	12 units	@	$19
	14	Sale	26 units
	21	Purchase	12 units	@	$15
	25	Sale	10 units

Complete the subsidiary inventory ledger assuming the business maintains a perpetual inventory system and computes the cost of merchandise sold and ending inventory using FIFO.

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Accounting and Financial Analysis in the Hospitality Industry

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Authors: Johnathan Hales

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Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 19 units

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Accounting and Financial Analysis in the Hospitality Industry

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