Question: PAM'S CREATIONS Beginning inventory 60 items @ $ 350 $ Date Mar. 5 Apr. 10 Jun. 19 Sep. 16 Nov. 28 Transaction Purchased Sold Sold

PAM'S CREATIONS Beginning inventory 60 items @ $ 350 $ Date Mar. 5 Apr. 10 Jun. 19 Sep. 16 Nov. 28 Transaction Purchased

PAM'S CREATIONS Beginning inventory 60 items @ $ 350 $ Date Mar. 5 Apr. 10 Jun. 19 Sep. 16 Nov. 28 Transaction Purchased Sold Sold Purchased Sold Description 50 items @ 30 items @ 60 items @ 70 items @ 45 items @ A A A A A $ 370 450 450 390 480 $ Problem 05-20A Requirements: a. PAM'S CREATIONS Effects of Events on Financial Statements Retained Earnings Cash + Inventory = Revenue Expenses = Net Income Cash Flows Event 3/5 4/10 4/10 6/19 6/19 9/16 11/28 11/28 Bal b. Sales Cost of Goods Sold Gross Margin C. Ending Inventory

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