please take below trial balance information for january 2020, conver it into financial statements. questions 1- make an income statement for this month 2- make a statement of equity for this month 3- make a balance sheet for this month

Find the On Balance Volume(photo) 1. What is the OBV on 10 May?2. What is the OBV on 05 May?

What is the value of the ending inventory using the FIFO cost assumption if 600 units remain on hand at October 31.

Oahu Kiki tracks the number of units purchased and sold throughout each accounting period but applies its inventory costing method at the end of each month, as if it uses a periodic inventory system. Assume Oahu Kiki’s records show the following for the month of January. Sales totaled 260 units.     Date Units Unit Cost Total Cost Beginning Inventory January 1 100 $ 75 $ 7,500 Purchase January 15 360 95 34,200 Purchase January 24 240 115 27,600   Required: Calculate the number and cost of goods available for sale. Calculate the number of units in ending inventory. Calculate the cost of ending inventory and cost of goods sold using the (a) FIFO, (b) LIFO, and (c) weighted average cost methods.

I just need help with journalizing the transactions. thank you

You have been provided with the following information for Lns Shoe Outlet which accounts for its inventory using the periodic system. Its financial year ends September 30. All purchases and sales are made on account. Physical count at beginning of September 30, 2020 valued inventory of shoes at $469,780. Included in the physical count was shoes purchased for $20,840 on September 17 from Kmart. The shoes were shipped f.o.b. destination point on September 30 and arrived October 7. The invoice was received and recorded on appropriately. Shoes purchased from Walmart on September 25 for $17,080 and shipped f.o.b. destination were received on September 30 after inventory had been counted. The invoice was received and recorded appropriately. On September 29, shoes were received from Leather Made with an invoice price of 531,260. The shoes were shipped to Lns Shoe Outlet f.o.b. destination. The invoice, which had not yet arrived, had not been recorded on September 30. Chef shoes sold to…

The units of an item available for sale during the year were as follows: Date Line Item Description Value Jan. 1   Inventory 2,900 units at $5 Feb. 17   Purchase 2,800 units at $7 Jul. 21   Purchase 3,200 units at $9 Nov. 23   Purchase 1,100 units at $11 There are 1,400 units of the item in the physical inventory at December 31. The periodic inventory system is used. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below.     a. Determine the inventory cost by the first-in, first-out method.                                                                                    b. Determine the inventory cost by the last-in, first-out method.                                                                                         c. Determine the inventory cost by the weighted average cost method. Round your answer to the nearest dollar

Apply mathematical skills around cost structures and appropriate equations to answer the following, inclusive of all associated workings to maximise marks:  The inventory value for the financial statements of Zyon for the year ended 31st Oct 2022 was based on an inventory count on 3rd Nov 2022, which gave a total inventory value of $836,200.Between 31st Oct and 3rd Nov, the following transactions took place:Purchases of goods $8,600. Sales of goods (profit margin 35% on sales $14,000). Goods returned by Zyon to supplier $878. What adjusted figure should be included in the financial statements for inventories at 31st Oct 2022 to nearest hundred?

Luke's Lamps had a beginning inventory January 1, 2020 of $970,000.  They sold goods that cost $770,000 and purchased $300,000 during the month.   What should Luke expect its ending inventory balance is at the end of month (January 31, 2020)?   a. $1,770,000   b. $500,000   c. $300,000   d. $1,270,000

Complete the table: (Round your "Unit cost" answers to the nearest cent.)         Units Cost Dollar cost Beginning inventory Jan 1 20 $8.00     May 10 15 $11.00     June 30 17 $20.00     Dec 10 12 $21.00