24. A firm starts the month with 1,000 units in inventory at a cost of $12 per unit. They have the following transactions during the month of January 1/14/23: Purchase 500 units on account at a cost of $13 per unit, terms 2/10, n/30 1/20/23: Sell goods costing $100 for $140, cash. 1/22/23: Pay for purchase made on 1/14/23 1/27/23: Customers from 1/20/23 returned some merchandise. Gave $14 refund, and put goods costing $10 back in inventory. Required: Prepare entries to record the above transactions assuming the firm uses the PERPETUAL inventory method

Logo Gear purchased $2,250 worth of merchandise during the month, and its monthly income statement shows cost of goods sold of $2,000. What was the beginning inventory if the ending inventory was $1,000?

Amusement tickets estimated sales are: What are the balances in accounts receivable for April, May, and June if 60% of sales are collected in the month of sale, 30% are collected the month after the sale, and 10% are collected the second month after the sale?

1.  DeForest Company had the following transactions for the month. Sales for the month are $85 per unit.                                             Number of Units             Cost per Unit              Total  Beginning inventory                  500                                     $40                  $20,000 Purchased Apr.  30                    600                                       45                    27,000 Purchased Aug. 15                    650                                       40                    26,000 Purchased Dec. 10                    700                                       35                    24,500 Totals (goods available)           2,450                                                              97,500 Ending Inventory                       550                                          ?                 In the table below, calculate the dollar value for the period for each of the following items using the listed cost allocation methods and using…