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FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Fix the wrong one in red
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ignment > Open Assignment
CALCULATOR
FULL
Assume that on September 1, Ofice Depot had an inventory that included a variety of calculators. The company uses a perpetual invente
transactions occurred.
SSIGNMENT RESOURCES
Chapter 5 Homework
Brief Exercise 5-01
Exercise S-03
Brief Exercise 5-05
Exercise 5-04
Exercise 5-02
Exercise S-11
Exercise 5-06
Brief Exercise S-03
Sept. 6
Purchased calculators from Wildhorse Co. at a total cost of $1,680, terms n/30.
Paid freight of $60 on calculators purchased from Wildhorse Co.
10 Returned calculators to Wildhorse Co. for $65 credit because they did not meet specifications.
Sold calculators costing $520 for $670 to Fryer Book Store, terms n/30.
Granted credit of $35 to Fryer Book Store for the return of one calculator that was not ordered. The calculator cost $22.
20 Sold calculators costing $540 for $7do to Heasley Card Shop, terms n/30.
12
14
Journalize the September transactions. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.
automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the pre
Review Score
Review Results by Study
Objective
Date
Account Titles and Explanation
Debit
Credit
Sept. 6
Inventory
1,680
Accounts Payable
1,680
Sept. 9
Inventory
60
Cash
60
Sept. 10
Accounts Payable
65
Sales Returns and Allowances
Accounts Recelvable
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Transcribed Image Text:WileyPLUS
New Tab
i edugen.wileyplus.com/edugen/student/mainfr.uni
Apps M Gmail
O YouTube R Maps
Welcome, Joseph -.
O New Tab
ignment > Open Assignment
CALCULATOR
FULL
Assume that on September 1, Ofice Depot had an inventory that included a variety of calculators. The company uses a perpetual invente
transactions occurred.
SSIGNMENT RESOURCES
Chapter 5 Homework
Brief Exercise 5-01
Exercise S-03
Brief Exercise 5-05
Exercise 5-04
Exercise 5-02
Exercise S-11
Exercise 5-06
Brief Exercise S-03
Sept. 6
Purchased calculators from Wildhorse Co. at a total cost of $1,680, terms n/30.
Paid freight of $60 on calculators purchased from Wildhorse Co.
10 Returned calculators to Wildhorse Co. for $65 credit because they did not meet specifications.
Sold calculators costing $520 for $670 to Fryer Book Store, terms n/30.
Granted credit of $35 to Fryer Book Store for the return of one calculator that was not ordered. The calculator cost $22.
20 Sold calculators costing $540 for $7do to Heasley Card Shop, terms n/30.
12
14
Journalize the September transactions. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.
automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the pre
Review Score
Review Results by Study
Objective
Date
Account Titles and Explanation
Debit
Credit
Sept. 6
Inventory
1,680
Accounts Payable
1,680
Sept. 9
Inventory
60
Cash
60
Sept. 10
Accounts Payable
65
Sales Returns and Allowances
Accounts Recelvable
O Homework 4 Quespdf
O Homework 47A G. pdt
Type here to search
esc
4+
144
@
#
24
4.
&
2.
3.
5.
6.
8.
6.
W
E
R
T.
Y
tab
os lock
A
D
JK
V
M.
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- Describe the steps to be taken to correct an error.arrow_forwardIn 2018, Bax had revenues of 008.38M, cost of revenue of $173 50M, R&D expenses of $163 75M, and other expenses of $405 65M What is the net profe margin for the company? Ⓒa. (22.13%) Ob (12 13%) OC 44.35% Od 0122%3arrow_forwardComplete this question by entering your answers in the tabs below. Analysis Analysis Bal Sheet Inc Stmt Prepare a vertical analysis of an income statements for Year 4 and Year 3. (Percentages may not add exactly due to rounding. Round your answers to 2 decimal places. (i.e., .2345 should be entered as 23.45).) Revenues Sales (net) Other revenues Total revenues Expenses Cost of goods sold FANNING COMPANY Vertical Analysis of Income Statements Year 4 Selling, general, and administrative expense Interest expense Income tax expense Total expenses Net income Amount $ 231,900 9,300 241,200 118,800 54,200 6,800 22,800 202,600 $ 38,600 Percentage of Total Analysis Bal Sheet % % Year 3 Amount $ 211,200 6,400 217,600 102,100 49,100 6,000 21,800 179,000 $ Percentage of Total % % 38,600 Analysis Inc Stmt > Show lessarrow_forward
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