C," education ,wiiey 6 Unit 8 Lab Assignment NWP Assessment Piayer L.|i .com Question 2 of? - I 5 E View Policies Current Attempt in Progress The following are the components in Cuilumber Company's income statement. Determine the missing amounts. Sales Revenue Cost of Goods Sold Gross Prot Operating Expenses a) $76,100 $ $36,000 it b) $ 1 15,600 $74,200 $ SE C] $ $73,100 $80,200 $47,000 eTextbook and Media Save for Later Attempts: 0 of 5 used a PG Campus B Unit 8 Lab Assignment - AC114 x NWP Assessment Player UI Ap x AC114 - Unit 8 Lab.docx X G how to calculate sales revenue x T C A education. wiley.com/was/ui/v2/assessment-player/index.html?launchld=21a4c2c6-83ed-4d14-9190-7338694a2050#/question/1 M Question 2 of 7 - 15 5 View Policies Current Attempt in Progress The following are the components in Cullumber Company's income statement. Determine the missing amounts. Cost of Goods Sold Gross Profit Operating Expenses Net Income $ $36,000 $20,700 JO $74,200 $ $ $23,500 $73,100 $80,200 $47,000 $ eTextbook and Media Save for Later Attempts: 0 of 5 used Submit AnswerPG Campus B Unit 8 Lab Assignment - AC114 x NWP Assessment Player UI Apj x AC114 - Unit 8 Lab.docx X G how to calculate sales revenue x C A education.wiley.com/was/ui/v2/assessment-player/index.html?launchld=21a4c2c6-83ed-4d14-9190-7338694a2050#/question/2 M - Unit 8 Lab Assignment Question 3 of 7 -15 E Oriole Company buys merchandise on account from Cheyenne Company. The selling price of the goods is $1,110, and the cost of the goods is $730. Both companies use perpetual inventory systems. Journalize the transaction on the books of both companies. (List all debit entries before credit entries. 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 0 for the amounts.) Account Titles and Explanation Debit Credit Oriole Company (To record credit purchase of inventory) Cheyenne Company (To record credit sale) "To record cost of merchandise sold)PG Campus B Unit 8 Lab Assignment - AC114 x NWP Assessment Player UI Apj x AC114 - Unit 8 Lab.docx X G how to calculate sales revenue x C A education.wiley.com/was/ui/v2/assessment-player/index.html?launchld=21a4c2c6-83ed-4d14-9190-7338694a2050#/question/3 M - Unit 8 Lab Assignment Question 4 of 7 - 15 E Save for Later Attempts: 0 of 5 used Submit Answer ( S ). On March 12, Pharoah Company received the balance due from Sheffield Company. (List all debit entries before credit entries. 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 e Textbook and Media List of Accounts Save for Later Attempts: 0 of 5 used Submit Answer =NWP Assessment Pieyer Ln 9' 6 C," education twiieycom 6 Unit 3 Lab Assignment Question 5 of? - 15 E View Policies Current Attempt in Progress On September 1, Ayayai Office Supply had an inventory that included a variety of calculators. The company uses a perpetual inventory system. During September, the following transactions occurred. Sept. 6 Purchased calculators from Marin Co. at a total cost of $2,070, terms n/30, FOB shipping point. 9 Paid freight of $90 on calculators purchased from Marin Co. 10 Returned calculators to Marin Co. for $120 cash (including freight) because they did not meet specifications. 12 Sold calculators costing $648 for $864 to Sura Book Store, on account, terms n/30. 14 Granted credit of $32 to Sura Book Store for the return of one calculator that was not ordered. The calculator cost $24. 20 Sold 30 calculators costing $816 for $1,224 on account to Davis Card Shop, on account, terms n/30. Journalize the September transactions for Ayayai Office Supply. (List all debit entries before credit entries. 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.)PG Campus B Unit 8 Lab Assignment - AC114 X NWP Assessment Player UI Apj x AC114 - Unit 8 Lab.docx X G how to calculate sales revenue x C A education.wiley.com/was/ui/v2/assessment-player/index.html?launchld=21a4c2c6-83ed-4d14-9190-7338694a2050#/question/5 M - Unit 8 Lab Assignment Question 6 of 7 - 15 5 (To record cost of merchandise sold) (To record merchandise returned) (To record cost of merchandise returned) v (To record credit sale)C," educationwiley. 6 Unit 3 Lab Assignment com Question 7 of? - I 10 :: NWP Assessment Player L.|i .-" At the beginning of the current season on April 1. the ledger of Riverbed's Discorama showed Cash $1,800, Inventory $2,400, and Owner's Capital $4,200. The following transactions were completed during April 2022. Apr. 5 1o 12 14 17 2o 21 27 30 Purchased golf discs. bags, and other inventory on account from Mumford Co. $1,200, FOB shipping point. terms 2/10. n/O. Paid freight on the Mumford purchase $50. Received creditfrom Mumford Co. for merchandise returned $100. Sold merchandise on account for $980, terms n/30. The merchandise sold had a cost of $588. Purchased disc golf shirts and other accessories on account from Saucer Sportswear $640, terms 1,1'10,n.v'30. Paid Mumford Co. in full. less discount. Received creditfrom Saucer Sportswear for merchandise returned $40. Made sales on account for $700, terms nl30. The cost of the merchandise sold was $400. Paid Saucer Sportswear in full, less discount. Granted an allowance to customers for clothing that did not t $10. Received payments on account from customers $930. The chart of accounts for the store includes the following: No. 101 Cash, No. 112 Accounts Receivable. No. 120 Inventory. No. 201 Accounts Payable, No. 301 Owner's Capital, No. 401 Sales Revenue, No. 412 Sales Returns and Al Iowances, and No. 505 Cost of Goods Sold. PG Campus B Unit 8 Lab Assignment - AC114 x NWP Assessment Player UI Ap x AC114 - Unit 8 Lab.docx X G how to calculate sales revenue x C A education.wiley.com/was/ui/v2/assessment-player/index.html?launchld=21a4c2c6-83ed-4d14-9190-7338694a2050#/question/6 M - Unit 8 Lab Assignment Question 7 of 7 - / 10 (a) Journalize the April transactions using a perpetual inventory system. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit v (To record credit sale.)PG Campus B Unit 8 Lab Assignment - AC114 X NWP Assessment Player UI Ap x AC114 - Unit 8 Lab.docx X G how to calculate sales revenue x C A education.wiley.com/was/ui/v2/assessment-player/index.html?launchld=21a4c2c6-83ed-4d14-9190-7338694a2050#/question/6 M - Unit 8 Lab Assignment Question 7 of 7 > - /10 (To record cost of merchandise sold.) v (To record credit sale.)PG Campus B Unit 8 Lab Assignment - AC114 X NWP Assessment Player UI Apj x AC114 - Unit 8 Lab.docx X G how to calculate sales revenue x C A education.wiley.com/was/ui/v2/assessment-player/index.html?launchld=21a4c2c6-83ed-4d14-9190-7338694a2050#/question/6 M - Unit 8 Lab Assignment Question 7 of 7 - /10 E (To record cost of merchandise sold.) e Textbook and Media List of Accounts Save for Later Attempts: 0 of 5 used Submit AnswerPG Campus B Unit 8 Lab Assignment - AC114 X NWP Assessment Player UI Ap x AC114 - Unit 8 Lab.docx X G how to calculate sales revenue x C A education.wiley.com/was/ui/v2/assessment-player/index.html?launchld=21a4c2c6-83ed-4d14-9190-7338694a2050#/question/6 M - Unit 8 Lab Assignment Question 7 of 7 - /10 Enter the beginning balances in the ledger accounts and post the April transactions. (Post entries in the order of journal entries presented in the previous part.) Cash No. 101 Date Explanation Ref. Debit Credit Balance Balance V J1 J1 J1 J1 Accounts Receivable No. 112 Date Explanation Ref. Debit Credit Balance J1 J1 J1 J1PG Campus B Unit 8 Lab Assignment - AC114 X NWP Assessment Player UI Ap x AC114 - Unit 8 Lab.docx X G how to calculate sales revenue x C A education.wiley.com/was/ui/v2/assessment-player/index.html?launchld=21a4c2c6-83ed-4d14-9190-7338694a2050#/question/6 M - Unit 8 Lab Assignment Question 7 of 7
