CHAPTER 6 HOMEWORK ASSIGNMENT 12 Part 10 10 Don Required information {The following information applies to the questions displayed below) At the beginning of October Bowser Co's inventory consists of 54 units with a cost per unit of $46. The following transactions occur during the month of October October 4 wurchase 126 units of Inventory on account from alligt co. for $58 per unit, terw 2/10, 1/30 October 3 Pay Cash for freight charges related to the October 4 purchase, 1696 October Return 10 defective units from the October 4 purchase and receive credit October 12 Pay Wall Coin full October 15 Sell 156 units of Inventory to customers on account. $12,480. (Hin The cost of units sold from the October purchase includes $50 unit cont plus 50 per unit for freight loss 55 per unit for the purchase discount be 555 per unit) October 19 Receive full payment from customer related to the sale on October 15 October 20 Purchase units of Inventory frow Witgl Co, for $66 per unit, ters 1/10, 1/30 October 22 Sell units of Inventory to customers for cash, 37,600. (Note for calculating the cost of inventory sold, Ignore the possible purchase discount on October 20.) Required: 1. Assuming that Bowser Co uses a FIFO perpetual inventory system to maintain its inventory records, record the transactions (if no entry is required for a transaction/event, select "No Journal Entry Required in the first account field) SYRI 12 ***** Required information View transaction list Part 1 of 3 Journal entry worksheet 10 Doints 2 3 4 5 6 7 8 9 10 > Book Record purchase of 126 units of Inventory on account from Waluigi Co, for 550 per unit, terms 2/10, 1/30. Pri Note: Enter debits before credits Date October 04 General Journal Debit Credit Record entry Clear entry View general journal STIMUVIUMBULEUVE # JUILLY 12 Required information View transaction list Part 1 of 3 Journal entry worksheet 10 points Book Record payment of cash for freight charges related to the October 4 purchase, $696. Print References Note: Enter debits before credits General Journal Dobit Credit Date October 05 Record entry Clear entry View general journal SHEMUM MUL JURY HOST 12 Required information View transaction list Part 1 of 3 Journal entry worksheet 8 9 2. 3 4 5 10 Doints 6 7 Book Record return of 10 defective units from the October 4 purchase and receive credit Pin References Note: Enter debits before credits General Journal Dobil Credit Dato October 09 Record entry Clear entry View general journal MTV MAMULIEJUMI LIV 12 Required information View transaction list Part 1 of 3 Journal entry worksheet 10 points 3 2 4 5 6 7 8 9 10 Record payment to Waluigi Co. in full. Book Print References Note: Enter debits before credits General Journal Debit Credit Date October 12 Record entry Clear entry View general journal HOME HUVILISTE Yenu IMOVE 12 Required information View transaction list Part 1 of 3 Journal entry worksheet > 5 6 8 9 10 7 10 points Record the cost of inventory sold. Book Print References Note: Enter debts before credits General Journal Debit Credit Date October 15 Record entry Clear entry View general journal WITH THE 12 Required information View transaction list Part 1 of 3 Journal entry worksheet eloos Record receipt of full payment from customers related to the sale on October 15. Print References Note: Enter debits before credits General Journal Debit Credit Datu October 19 Record entry Clear entry View general journal WWW. www.our un 12 Required information View transaction list Part 1 of 3 Journal entry worksheet 9 Boo Record purchase of 96 units of inventory from Waluigi Co. for $66 per unit, terms 1/10, 1/30. Print References Note: Enter debits before credits General Journal Debit Credit Date October 20 Record entry Clear entry View general Journal 12 wwwwwwwwww Required information View transaction ist Part 1 of 3 Journal entry worksheet 5 6 7 8 9 10 10 points > Record the sale of 96 units of Inventory to customers for cash, $7,680. eBook References Noter Enter debits before credits Date General Journal October 22 Debit Credit Reconden Clear entry View general journal MUMMEL WILL 12 Required information View transaction list Part tota 10 points Journal entry worksheet
