Question: this is ACC 1093. Please give answer in general entries for all the accounts (a,b) The Barton Corporation company has the following purchases and sales

 this is ACC 1093. Please give answer in general entries for

this is ACC 1093. Please give answer in general entries for all the accounts (a,b)

The Barton Corporation company has the following purchases and sales during the year ended December 31,2014. a) Please fill in the table by calculating the dollar value of cost of goods sold and ending inventory, as well as the gross profit earned by Barton Corporation using the FIFO system. b) Prepare joumal entries to record the following (assuming all sales and purchases are for cash): (a) The purchase on February 21 , (b) The sale on November 7 . Enter the transaction letter as the description when preparing a journal entry. When a transaction requires two separate journal entries, use the same letter for both descriptions. Dates must be entered in the format dd/mmm (ie. 15/Jan)

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