Presented is information related to Rogers Co. for the month of January 2010. Instructions(a) Prepare the necessary

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Presented is information related to Rogers Co. for the month of January 2010.

Instructions(a) Prepare the necessary adjusting entry for inventory.(b) Prepare the necessary closingentries.

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Accounting Principles

ISBN: 978-0470533475

9th Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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Question Posted: Sep 20, 2011 09:08 AM

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Presented is information related to Rogers Co. for the month of January 2010. Instructions(a) Prepare the necessary

Question:

Ending inventory per perpetual records Ending inventory actually Insurance expense $ 12,000 20.000 61.000 $ 21.600 Rent expense Salary expense Sales discounts Sales returns and allowances Sales on hand Cost of goods sold Freight-out 21.000 10,000 13,000 350,000 218.000 7.000

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a Cost of Goods Sold 600 Merchandise Inventory 600 b Sales 350000 Income Summ...View the full answer

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