Question
Coronado Company sells one product. Presented below is information for January for Coronado Company. Jan. 1 Inventory 112 units at $5 each 4 Sale 88
Coronado Company sells one product. Presented below is information for January for Coronado Company.
| Jan. 1 | Inventory | 112 | units at $5 each | ||
| 4 | Sale | 88 | units at $8 each | ||
| 11 | Purchase | 165 | units at $6 each | ||
| 13 | Sale | 134 | units at $9 each | ||
| 20 | Purchase | 150 | units at $6 each | ||
| 27 | Sale | 93 | units at $11 each |
Assume Coronado uses a perpetual system. Prepare all necessary journal entries. (If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)
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Managerial Accounting The Cornerstone Of Business Decision-making, , (6 Months)
Authors: Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
7th Edition
1337115924, 9781337115926
