Question: how do i do this? groeuw Pruus REQUI Required information PA6-1 Reporting Purchase Transactions between Wholesale and Retail Merchandisers Using Perpetual Inventory Systems (LO 6-3)

how do i do this?  how do i do this? groeuw Pruus REQUI Required information PA6-1
Reporting Purchase Transactions between Wholesale and Retail Merchandisers Using Perpetual Inventory Systems

groeuw Pruus REQUI Required information PA6-1 Reporting Purchase Transactions between Wholesale and Retail Merchandisers Using Perpetual Inventory Systems (LO 6-3) [The following information applies to the questions displayed below.) The transactions listed below are typical of those involving New Books Inc. and Readers' Corner. New Books is a wholesale merchandiser and Readers' Corner is a retail merchandiser. Assume all sales of merchandise from New Books to Readers' Corner are made with terms n/30, and the two companies use perpetual inventory systems. Assume the following transactions between the two companies occurred in the order listed during the year ended August 31. a New Books sold merchandise to Readers' Corner at a selling price of $550,000. The merchandise had cost New Books $415,000. b. Two days later, Readers' Corner complained to New Books that some of the merchandise differed from what Readers' Corner had ordered. New Books agreed to give an allowance of $10,000 to Readers' Corner. Readers' Corner also returned some books, which had cost New Books $2,000 and had been sold to Readers' Corner for $3,500. Just three days later, Readers' Corner paid New Books, which settled all amounts owed. PA6-1 Part 1 Required: Indirate the amount and direction of the effort for increace - darrence and Efnrnn effectif each trandartinn on the 1990 1XO TU PA6-1 Part 1 Required: 1. Indicate the amount and direction of the effect (+ for increase, - for decrease, and NE for no effect) of each transaction on the Inventory balance of Readers' Corner. (Enter all amounts as positive values.) Effect on Transaction Invatory Balance MacBook Air

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