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* Great Adventures Problem AP6-1 (GL) [The following information applies to the questions displayed below) Now that operations for outdoor clinics and TEAM events are running smoothly, Suzie thinks of another area for business expansion She notices that a few clinic participants wear multiuse (MU) watches. Beyond the normal timekeeping features of most watches, MU watches are able to report temperature, altitude, and barometric pressure MU watches are waterproof, so moisture from Kayaking. rain, fishing, or even diving up to 100 feet won't damage them Suzie decides to have MU watches available for sale at the start of each Clinic The following transactions relate to purchases and sales of watches during the second half of 2022 All watches are sold for $740 each Jul 12 Purchased 36 watches for $12,000 ($150 per watch) on account. Jul 31 Sold 34 watches for 562,160 cash Aug. 12 Purchased 64 watches for $10.240 ($160 per watch) cash Aug. 22 Sold 54 watches for $39,960 on account. Sep. 19 Paid for watches purchased on July 17. Sep. 27 Receive cash of $23,976 for watches sold on account on August 22 Oct. 27 Purchased 140 watches for $23,500 (5170 per watch) cash Nov. 20 Sold 114 watches for $84,360 cash. Dec. 4 Purchased 124 watches for $22,320 (5180 per watch on account. Dec. Sold 64 watches for 547,360 on account. Late in December the next generation of multiuse (MUI) watches is released. In addition to all of the features of the MU watch, the MU I watches are equipped with a global positioning system (GPS) and have the ability to download and play songs and videos of the Internet. The demand for the original MU watches is greatly reduced. As of December 31, the estimated net realizable value of MU watches is only $100 per watch 1 View transaction list 100 points Journal entry worksheet 6 7 8 17