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Russell Retail Group begins the year with inventory of $56,000 and ends the year with inventory of $46,000. During the year, the company has four purchases for the following amounts. Purchase on February 17 Purchase on May 6 Purchase on September 8 Purchase on December 4 $ 211,000 131,000 161,000 411,000 Required: Calculate cost of goods sold for the year. Beginning inventory Cost of goods available for sale Cost of goods sold Russell Retail Group begins the year with inventory of $56,000 and ends the year with inventory of $46,000. During the year, the company has four purchases for the following amounts. Purchase on February 17 Purchase on May 6 Purchase on September 8 Purchase on December 4 $ 211,000 131,000 161,000 411,000 Required: Calculate cost of goods sold for the year. Beginning inventory Cost of goods available for sale of conde cold Add: Ending inventory Less: Ending inventory Russell Retail Group begins the year with inventory of $56,000 and ends the year with inventory of $46,000. During the year, the company has four purchases for the following amounts. Purchase on February 17 Purchase on May 6 Purchase on September 8 Purchase on December 4 $ 211,000 131,000 161,000 411,000 Required: Calculate cost of goods sold for the year. Beginning inventory ca of anode ausilable for cola Add: Purchases Less: Purchases Gamegirl Inc., has the following transactions during August. August 6 Sold 56 handheld game devices for $130 each to DS Unlimited on account, terms 1/10, net 60. The cost of the 56 game devices sold, was $110 each. August 10 DS Unlimited returned six game devices purchased on 6th August since they were defective. August 14 Received full amount due from DS Unlimited. Required: Prepare the transactions for GameGirl, Inc., assuming the company uses a perpetual inventory system. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 4 > Record the sale of inventory on account. Note: Enter debits before credits. Date General journal Debit Credit August 06 Gamegirl Inc., has the following transactions during August. August 6 Sold 56 handheld game devices for $130 each to DS Unlimited on account, terms 1/10, net 60. The cost of the 56 game devices sold, was $110 each. August 10 DS Unlimited returned six game devices purchased on 6th August since they were defective. August 14 Received full amount due from DS Unlimited. Required: Prepare the transactions for GameGirl, Inc., assuming the company uses a perpetual inventory system. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 4 > Record the cost of inventory sold. Note: Enter debits before credits. Date General journal Debit Credit August 06 Gamegirl Inc., has the following transactions during August. August 6 Sold 56 handheld game devices for $130 each to DS Unlimited on account, terms 1/10, net 60. The cost of the 56 game devices sold, was $110 each. August 10 DS Unlimited returned six game devices purchased on 6th August since they were defective. August 14 Received full amount due from DS Unlimited. Required: Prepare the transactions for GameGirl, Inc., assuming the company uses a perpetual inventory system. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet DS Unlimited returned six game devices purchased on 6th August since they were defective. Note: Enter debits before credits. Date General journal Debit Credit August 10 Gamegirl Inc., has the following transactions during August. August 6 Sold 56 handheld game devices for $130 each to DS Unlimited on account, terms 1/10, net 60. The cost of the 56 game devices sold, was $110 each. August 10 DS Unlimited returned six game devices purchased on 6th August since they were defective. August 14 Received full amount due from DS Unlimited. Required: Prepare the transactions for GameGirl, Inc., assuming the company uses a perpetual inventory system. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Received full amount due from DS Unlimited. Note: Enter debits before credits. Date General journal Debit Credit August 14
