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answer asap Bramble Inc. has provided you with the following information. This company purchases its inventory from a supplier for cash and has only cash
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Bramble Inc. has provided you with the following information. This company purchases its inventory from a supplier for cash and has only cash sales. Bramble uses the average cost formula in a perpetual inventory system. Increased competition has recently reduced the price of the product Date Unit Price Explanation Units Unit Cost Apr 1 Beginning inventory 50 579 6 Purchases 110 91 8 Sales (130) $115 15 Purchases 120 70 20 Sales (120) 103 27 Purchases 20 63 (5) Prepare all journal entries for the month of April for Bramble. (list all debit entries before credit entriet. Credit account titles are automatically indented when the amount is entered. Do not indent manually Round answers to 2 decimol places, s. 125. no entry is required, select "No Entry for the account titles and enter for the amounts) Date Account Titles and Explanation Debit Credit April 1 6 (To record sales required, select "No Entry for the account titles and enter for the amounts.) Debit Credit Date Account Titles and Explanation April 1 6 To record sales 8 To record cost of goods sok 15 20 To record sales) 20 To record the inventory sold) 27 Step by Step Solution
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