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HELP ASAPPP Time les Beginning inventory, purchases, and sales for an inventory item are as follows: Sep. 1 Beginning Inventory 11 units @ $7 5
HELP ASAPPP
Time les Beginning inventory, purchases, and sales for an inventory item are as follows: Sep. 1 Beginning Inventory 11 units @ $7 5 Sale 6 units 17 Purchase 13 units @ $8 30 Sale 9 units Assuming a perpetual inventory system and the first-in, first-out method: Determine the ending inventory on September 30. A FE BI U ? 9 = 201_50/51_FA21 - Financial Accounting/(202141485) Time left 1:26:35 Using the following information: a. The bank statement balance is $11,692 b. The cash account balance in the ledger is $12,016. c Outstanding checks amounted to $3,052. d. Deposits in transit are $2,908. e. The bank service charge is $432. f. A check for $308 for supplies was recorded as $272 in the ledger. Based on the bank reconciliation, record the journal entries to update the company's cash account. 9 A Fr B I U % EE 5 I Time left 1:26:46 Equipment was acquired at the beginning of the year at a cost of $200,000. The equipment was depreciated using the straight-line method based on an estimated useful life of 5 years and an estimated residual value of $0. Record the adjusting journal entry for the depreciation for the first year Step by Step Solution
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