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1. On December 13, 2019, a company sold goods on account and acquired a 15% note receivable from a customer. The principal amount of the
1. On December 13, 2019, a company sold goods on account and acquired a 15% note receivable from a customer. The principal amount of the note was $6,700. The note was due on February 13, 2020. On December 15, 2019, the company sold goods to another customer on account and acquired a 11% note receivable from that customer. The principal amount of the note was $5,700. The note was due on February 15, 2020. On February 13, 2020 the cash increased by: 3. The bank correctly charged Coconut Company's account for $450.50 for a check that was erroneously recorded by Coconut Company as $540.50. To reconcile the bank account of Coconut Company at the end of the month, you would: 4. Yellow Sand Company used perpetual inventory system. At August 31, the ending inventory included 178 units a unit cost of $3.9. The company made four purchases on September 4, September 8, September 15, and September 20. Each purchase included 213 units. The unit cost of purchases were $4.3, $4.4, $4.6, and $4.7 for the purchases made on September 4, September 8, September 15, and September 20, respectively. The company sold 233, 223, and 303 units on September 7, September 13, and September 19 respectively. The goods sold on September 7 and September 13 are sold for $9.5 per unit. The goods sold on September 19, on the other hand, are sold for $9.5 per unit. 5. Yellow Sand Company used perpetual inventory system. At August 31, the ending inventory included 178 units a unit cost of $3.9. The company made four purchases on September 4, September 8, September 15, and September 20. Each purchase included 213 units. The unit cost of purchases were $4.3, $4.4, $4.6, and $4.7 for the purchases made on September 4, September 8, September 15, and September 20, respectively. The company sold 233, 223, and 303 units on September 7, September 13, and September 19 respectively. The goods sold on September 7 and September 13 are sold for $9.5 per unit. The goods sold on September 19, on the other hand, are sold for $9.5 per unit
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