Question: Hi I need help on what is the answer in my activity, the requirement is to compute for the adjusted balances for sales, purchases and

Hi I need help on what is the answer in my activity, the requirement is to compute for the adjusted balances for sales, purchases and inventories, respectively

Sales Purchases Inventories

I hope that you can help me and I need it also with explanation, Thank you

Hi I need help on what is the answer in my
Test V: Intesting the sale cut 011' for the Myra Co. in connection with an audit for the year ended October 31, 2020, you nd the following information. A physical inventory was taken as of the close of business on October 31, 2020, all customers are within a threeday delivery area of the Myra Co. plant. Vat is billed separately. The unadjusted balance for sales, purchases, and inventories are P3,500,000, PLOODJJOO and P200,000 respectively. Invoice Terms Date Date Sales Cost No. F.O.B Shipped Recorded 0001 Destination 10-20 10-31 10,000 "1,500 0002 Shipping point 10-31 1 1.02 25,000 20,000 0003 Shipping point 10-25 10-31 18,000 12,000 0004 Destination 10-31 10-29 42,000 31,000 0005 Destination 10-31 11-2 92,000 80,000 Invoice Terms Date Date Cost No. F .03 Shipped Recorded 1001 Shipping point 11-02 10-23 51,000 1002 Shipping point 11-05 11.06 25,000 1003 Destination 10-25 11-03 20,000 1004 Destination 10-31 10-29 40,000 1005 Destination 11-05 11-2 25,000 Required: Compute for the adjusted balances for sales, purchases and inventories, respectively: .Salcs Purchases; Inventories

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