$6.-$ Consider the following information about some events held during the accounting

period:

$1.1$st October year $1,$ the company bought a machine for $12,000.$ The estimated

machine$$s useful service life is $5$ years. It will be pay four months later. The

Company has paid in cash $5,000$ for the machine$$ installation process.

$2.$ In November year $1,$ the manager decided to pay the machine because he has

received a $10\%$ discount for early payment.

$3.1$st February year $2,$ the company sold $250,000$ worth of finished products, with

a $2\%$ discount in invoice $($trade discounts are not entered in the accounts

records$)$ and $60$ days to receive payment. $20$th February the company reached the

following new payment agreement with its customers: in addition a $6\%$ discount

for early payment if the customers paid immediately. The customer sing the new

payment agreement.

$4.$ In September year $2,$ the company purchased Raw material $10,000$ kg$.$ at $1\mathrm{.}10$

per kilo. They will be pay two months later. The company assumed and paid in

cash the freight in expenses: $600.$

$5.$ In December year $2,$ the Raw material ending inventory was $2,000$ kg$.$