Question: please answer within the format by providing formula the detailed working Please provide answer in text (Without image) Please provide answer in text (Without image)
please answer within the format by providing formula the detailed working Please provide answer in text (Without image) Please provide answer in text (Without image) Please provide answer in text (Without image)
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Periodic Assignment Winter 23 Business Bookkeeping Name Thomas Jones is the owner of STUFF & SUPPLIES LTD. He has hired you to update the transactions for his business. Jones has provided you with a list of transactions for the month of March. The company uses a Periodic Inventory System. 30-Apr An inventory count determined there was $15,000 of inventory in the store. $15,000 Transactions for the month of March: 1-Mar Z-Mar 3Mar S-Mar _ 7-IVIar customer A returned $500 worth of products $500 17-Mar made sale to customer B, $14,000, terms 3/5 net 30 $14,000 24-Mar customer B pays outstanding balance. - 31-Mar An inventory count determined there was $16,920 of inventory in the store. $16,920 a) Record the Transactions for Stuff and Supplies LTD. For March. b) Caluclate the Gross Prot for March
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