FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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(4726) IFRS vs. G x
M Question 14 - Cha
M Chapter 6 Homev x
x
iConnect - Home
X
Inbox (270) - abig x❘M ACC101 Principles
ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fbb.mwcc.edu%252Fwe... ☆
Chapter 6 Homework i
Saved
5
Part 2 of 2
Required information
Use the following information for the Exercises below. (Algo)
[The following information applies to the questions displayed below.]
Tree Seedlings has the following current-year purchases and sales for its only product.
Date
January 1
Activities
Beginning inventory
January 3
February 14
Sales
Purchase
Units Acquired at Cost
170 units
264 units
Units Sold at Retail
February 15
Sales
November 6
November 19
Purchase
Sales
Purchase
Totals
220 units
@ $2 = $ 340
@ $3 = $ 792
@ $4 = $880
114 units
190 units
164 units
@ $ 8
@ $ 8
@ $ 8
72 units
726 units
@ $5 = $360
$
468 units
2,372
10.06
points
Skipped
eBook
Ask
June 30
Print
References
Mc
Graw
Hill
Exercise 6-12 (Algo) Perpetual: Journalizing transactions LO P1
Record journal entries for Tree Seedlings' sales and purchases transactions. Assume for this assignment that the company use
perpetual inventory system and LIFO. All sales and purchases are made on account, and no discounts are offered.
View transaction list
Taxonal at kabant
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Transcribed Image Text:Chrome File Edit View History Bookmarks Profiles Tab Window Help (4726) IFRS vs. G x M Question 14 - Cha M Chapter 6 Homev x x iConnect - Home X Inbox (270) - abig x❘M ACC101 Principles ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fbb.mwcc.edu%252Fwe... ☆ Chapter 6 Homework i Saved 5 Part 2 of 2 Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] Tree Seedlings has the following current-year purchases and sales for its only product. Date January 1 Activities Beginning inventory January 3 February 14 Sales Purchase Units Acquired at Cost 170 units 264 units Units Sold at Retail February 15 Sales November 6 November 19 Purchase Sales Purchase Totals 220 units @ $2 = $ 340 @ $3 = $ 792 @ $4 = $880 114 units 190 units 164 units @ $ 8 @ $ 8 @ $ 8 72 units 726 units @ $5 = $360 $ 468 units 2,372 10.06 points Skipped eBook Ask June 30 Print References Mc Graw Hill Exercise 6-12 (Algo) Perpetual: Journalizing transactions LO P1 Record journal entries for Tree Seedlings' sales and purchases transactions. Assume for this assignment that the company use perpetual inventory system and LIFO. All sales and purchases are made on account, and no discounts are offered. View transaction list Taxonal at kabant < Prev 5 of 16 Next > 12 tv♫ 2
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