added all the available heading. must use from this list. thanks
Question 1(14 points] The Holden Corp. company has the following purchases and sales during the year ended December 31, 2014. Inventory and Purchases Sales Beginning: 200 units @ $89/unit February 4: 100 units January 3: 200 units @ $83/unit October 8: 300 units August 28: 200 units @ $76/unit The units have a selling price of $110.00 per unit a) Given that Holden Corp employs a perpetual inventory system, calculate the cost of goods available for sale and the number of units available for sale, as well as the units remaining in ending inventory Cost of goods available for sale: Units available for sale: Units remaining in ending inventory: b) Please fill in the table by calculating the dollar value of cost of goods sold and ending inventory, as well as the gross profit earned by Holden Corp. using the FIFO system FIFO Cost of Goods Sold Ending Inventory Gross Profit c) Prepare journal entries to record the following (assuming all sales and purchases are for cash): (a) The purchase on January 3, (b) The sale on October 8. Enter the transaction letter as the description when preparing a journal entry. When a transaction requires two separate journal entries, use the same letter for both descriptions. Dates must be entered in the format dd/mmm (ie. 15/Jan). General Journal Page GJB Date Account Explanation F Debit Credit D + - + - + Choose an Account or Heading Categories: Accounts and Headings: All Accounts Payable Assets Accounts Receivable Liabilities Accumulated Depreciation, Automobiles Equity Accumulated Depreciation, Boats Equity Accumulated Depreciation, Building Revenues Accumulated Depreciation, Equipment Expenses Accumulated Depreciation, Furniture Other Accumulated Depreciation, Land Improvements Accumulated Depreciation, Machinery Accumulated Depreciation, Trucks Advertising Expense Advertising Payable Automobiles Boats Bonds Payabla Building Cash Commissions Earned Search: Erase Cancel Choose an Account or Heading egories: Accounts and Headings: Commissions Earned ets Consulting Revenue Earned pilities Copyright lity Cost Of Goods Sold quity Delivery Expense evenues Depreciation Expense, Automobiles penses Depreciation Expense, Boats ther Depreciation Expense, Building Depreciation Expense, Equipment Depreciation Expense, Furniture Depreciation Expense, Land Improvements Depreciation Expense, Machinery Depreciation Expense, Trucks Depreciation expense Dividends Equipment Furniture incomo Summary Search: Frase Cancel Choose an Account or Heading Categories: Accounts and Headings: AN Furniture Assets Income Summary Liabilities Income Taxes Expense Equity Income Taxes Payable Equity Insurance Expense Revenues Interest Earned Expenses Interest Expense Other Interest Payable Interest Receivable Investment in Bonds Land Land Improvements Long-Term Notes Payable Long-term Investment in Shares Machinery Merchandise Inventory Mortgage Payable Notes Receivable Search: Canol Choose an Account or Heading tegories: Accounts and Headings: Notes Receivable sets Office Salaries Expense abilities Office Supplies Expense quity Patents Equity Prepaid Advertising Revenues Prepaid Insurance Expenses Prepaid Interest Other Prepaid Rent Property Taxes Expense Property Taxes Payable Rent Earned Rent Expense Rent Payable Rent Receivable Rent expense, office space Rent expense, selling space Retained Earnings Search: Erase Cancel Choose an Account or Heading Categories: Accounts and Headings: All Retained Earnings Assets Salaries Expense Liabilities Salaries Payable Equity Sales Equity Sales Discounts Revenues Sales Returns and Allowances Expenses Sales Salaries Expense Other Share Capital Short-Term Notes Payable Store Supplies Expense Supplies Supplies Expense Trademark Trucks Unearned Consulting Revenue Unearned Rent 2 Unearned Revenue Utilities Expense Search: Erase Cancel