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(b) On March 6, Windsor, Inc. returned $97,200 of the merchandise purchased on March 2. The cost of the returned merchandise was $55,500. (Credit account
(b) On March 6, Windsor, Inc. returned $97,200 of the merchandise purchased on March 2. The cost of the returned merchandise was $55,500. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Account Titles and Explanation Debit Credit eTextbook and Media List of Accounts Save for Later Attempts: 0 of 3 used (c) The parts of this question must be completed in order. This part will be available when you complete the part above. - & supPORT ' Your answer is correct. On March 2, Pina Colada Company sold $972,000 of merchandise on account to Windsor, Inc., terms 2/10, n/30. The cost of the merchandise sold was $555,000. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Account Titles and Explanation Debit Credit Inventory ' 972,000 ' Accounts Payable ' ' 972,000 eTextbook and Media List of Accounts Attempts: 1 of 3 used (b) On March 6, Windsor, Inc. returned $97,200 of the merchandise purchased on March 2. The cost of the returned merchandise & Your answer is partially correct. Assume that the physical count of inventory indicated that inventory on hand is $17,800 (the account still shows a balance of $17,300 due to errors made during the year. Prepare the adjusting entry necessary as a result of the physical count. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Account Titles and Explanation Debit Credit Inventory eTextbook and Media List of Accounts Save for Later ~ Last saved 2 days ago. Attempts: 1 of 3used T BN Saved work will be auto-submitted on the due date. Auto- submission can take up to 10 minutes. (d) The parts of this question must be completed in order. This part will be available when you complete the part above. Sunland Company Inc. had a beginning inventory of 95 units of Product RST at a cost of $7 per unit. During the year, purchases were: Feb. 20 605 units at $8 Aug. 12 390 units at $10 May 5 515 units at $9 Dec. 8 105 units at $11 Sunland Company uses a periodic inventory system. Sales totaled 1,560 units. (a) Determine the cost of goods available for sale. The cost of goods available for sale $ eTextbook and Media Save for Later (b1) Attempts: 0 of 3 used
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