Hi,

I just wonder whether my answers are correct ? Thank you for your help.

Sales 9/0 Accounts receivable $ 2 401 16 Accounts receivable $ gotD 2416 Accounts receivable $48 0D 180/6 Accounts receivable $ 180DD lost of tales 1916 Inventory 914 5 00 -116 Inventory 940 80 2416 Inventory $ 2 240 30/6 Inventory $ 6540 INCOME STATEMENT FIFO Salles $ 34 2 0 0 Beginning Inventory Purchases 13 15 0 Goods available for sales 26 150 Ending inventory 1820 Cost of sales Gro as Hab profit 24 330 Hands Thoi Quen Happiness Doi Ban Tay PNC Hanh Phuc Suc KhoeABC is a company operating in the retail sector. The beginning inventory of Product MN5346 and information about purchases and sales made during June are shown below: June 01 Beginning inventory 3000 units @ $3/unit 04 Purchases 1500 units @ $2.5/unit 09 Sales 4000 units 12 Purchases 2000 units @ $2.8/unit 21 Sales 1500 units 24 Sales 800 units 26 Purchases 3000 units @ $2.6/unit 30 Sales 2500 units Rough uses the perpetual inventory system, and all purchases and sales are on credit. Selling price is $6/unit. Required transactions. Using FIFO method, prepare journal entries to record the above purchases and sales Post the entries in (A) into T-accounts and calculate the balances of the accounts. Prepare Income statement of ABC down to gross profit for the month ended 30 June 20x4.24 June Accounts receivable $ ACCD Sales $4800 cost of sales $21 40 Inventory $ 2 2 40 26 June Inventory $ 780 0 Accounts sociable 30 June Accounts receivable $ 18 0TO Sales $180DD cost of sales $ $540 Inventory $6 540 Genius Gratitude Green Gnomic Thien Tai Long Biet On Mau Xanh PNC Cham NgonChap 4 Junk $ 8 750 Accounts bumble $3750 Junk Accounts receivable $ 2400 Salles $ 240 0 lost of sales $ 1 50 Inventory BA1 500 19 June Inventory $ 560 0 Accounts payable $:5 600 21 June Accounts receivable Sales $ 9000 cost of sales $ 40 50 Inventory $ 40 50 Heart Heaven History Trai Tim Thien Duong Honesty Lich Su Su Chan Thuc PNCInventDiriA beginning $90 0 9 6 Cost of Sales $/15010 1416 Accounts payable $ 50 21 6 Cost of Sales $ 4050 1216 Accounts payable $ 5601 2:4/6 Cost of sales $ 2 240 26/16 Accounts payable $ 7800 50 /6 Cost of Smiles $ 6540 30 /6 Balance cld $ 18210 8 24150 $ 26 150 30/6 Balance bold | $ 18 JD Accounts payable 4/6 Inventory $3750 1216 Inventory $ 56 010 26 /6 Inventory $78co Accounts receivable Sales $2400 2416 Sales $ 90100 94 /6 Sales $ 4800 30/6 Sales $ 18 ODD Garden Gecko Guarantee Grown PNC Vuon Con Tac Ke Bao Dam Truong Thank