as follows:

E:$($Click the icon to view the purchases.$)$

store accrued income tax at the rate of $30\%.$

Read the requirements.

credits. Explanations are not required.$)$

Let's start with the entry to record the purchases.

Data table

April units at $$52$

August units at $$56$

November units at $$62$

Total purchases. $...............$$ $7,740,000$

Best Goods purc

store in Nashvill

as follows:

$($Click the ice

Cash paymonts

account. Best Gi

store accrued inc

Read the require

Requirement $1.$

Requirement $1.$ credits. Explanat

Let's start with tr

Accounts Payable

Accounts Receivable

Cash

Cost of Goods Sold

Income Tax Expense

Income Tax Payable

Inventory

Operating Expenses

Sales Revenue

th crate of inventory is a unit. The fiscal year c

$3$ with an inventory of $27,000$ units that cost a

par $206,$ the store sold $151,000$ units of mor

ries. Operating expenses for the year were $

tore's transactions for the year ended Februat