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Hello! Please help me solve this & I will leave a rating :D , thank you. On April 1 5 , 2 0 2 6

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Hello! Please help me solve this & I will leave a rating :D, thank you.
On April 15,2026, fire damaged the office and warehouse of Buffalo Corporation. The only accounting record saved was the general The following data and information have been gathered.
The fiscal year of the corporation ends on December 31.
An examination of the April bank statement and canceled checks revealed that checks written during the period April 1-15
totaled $11,700 : $5,130 paid to accounts payable as of March 31,$3,060 for April merchandise shipments, and $3,510 paid
for other expenses. Deposits during the same period amounted to $11,655, which consisted of receipts on account from
customers with the exception of a $855 refund from a vendor for merchandise returned in April.
Correspondence with suppliers revealed unrecorded obligations at April 15 of $14,040 for April merchandise shipments,
including $2,070 for shipments in transit (f.o.b. shipping point) on that date.
Customers acknowledged indebtedness of $41,400 at April 15,2026. It was also estimated that customers owed another
$7,200 that will never be acknowledged or recovered. Of the acknowledged indebtedness, $540 will probably be
uncollectible.
The companies insuring the inventory agreed that the corporation's fire-loss claim should be based on the assumption that the
overall gross profit rate for the past 2 years was in effect during the current year. The corporation's audited financial
statements disclosed this information:
Inventory with a cost of $6,300 was salvaged and sold for $3,150. The balance of the inventory was a total loss.
Compute the amount of inventory fire loss.
Inventory fire loss $
ledger, from which the balance sheet data below was prepared.
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