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if anyone can help with anything it would be appreciated Wally's Widget Company (WWC) incorporated near the end of 2011. Operations began in January of

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if anyone can help with anything it would be appreciated

Wally's Widget Company (WWC) incorporated near the end of 2011. Operations began in January of 2 wWc prepares adjusting entries and financial statements at the end of each month. Balances in the accounts 012 at the end of January are as follows: Cash Accounts Receivable Allowance for Doubtful Accounts Inventory (30 units) 18,770 Unearned Revenue (25 units)4,400 $ 1,400 $14,000 $ 5,100 Retained Earnings-Feb 1, 20125.120 $ Accounts Payable (Jan Rent) 9,800 (950) Notes Payable $2,400 Contributed Capital . WWC establishes a policy that it will sell inventory at $160 per unit. . In January, WWC received a $4.400 advance for 25 units, as reflected in Unearned Revenue. wwcs February 1 inventory balance consisted of 30 units at a total cost of $2.400 wwc's note payable accrues interest at a 12% annual rate. wwc will use the FIFO inventory method and record COGS on a perpetual basis. February Transactions 02/01 Included in WWC's February 1 Accounts Receivable balance is a $1.600 account due from Kit Kat, a WWC customer. Kit Kat is having cash flow problems and cannot pay its balance at this time. WWc arranges with Kit Kat to convert the $1,600 balance to a note, and Kit Kat signs a 6-month note, at 12% annual interest. The principal and all interest will be due and payable to wwc on August 1. 2012 02/02 WWC paid a $550 insurance premium covering the month of February. The amount paid is recorded 0205 An additional 120 units of inventory are purchased on account by WWC for $9,000-terms 2/15 directly as an expense Wally's Widget Company (WWC) incorporated near the end of 2011. Operations began in January of 2 wWc prepares adjusting entries and financial statements at the end of each month. Balances in the accounts 012 at the end of January are as follows: Cash Accounts Receivable Allowance for Doubtful Accounts Inventory (30 units) 18,770 Unearned Revenue (25 units)4,400 $ 1,400 $14,000 $ 5,100 Retained Earnings-Feb 1, 20125.120 $ Accounts Payable (Jan Rent) 9,800 (950) Notes Payable $2,400 Contributed Capital . WWC establishes a policy that it will sell inventory at $160 per unit. . In January, WWC received a $4.400 advance for 25 units, as reflected in Unearned Revenue. wwcs February 1 inventory balance consisted of 30 units at a total cost of $2.400 wwc's note payable accrues interest at a 12% annual rate. wwc will use the FIFO inventory method and record COGS on a perpetual basis. February Transactions 02/01 Included in WWC's February 1 Accounts Receivable balance is a $1.600 account due from Kit Kat, a WWC customer. Kit Kat is having cash flow problems and cannot pay its balance at this time. WWc arranges with Kit Kat to convert the $1,600 balance to a note, and Kit Kat signs a 6-month note, at 12% annual interest. The principal and all interest will be due and payable to wwc on August 1. 2012 02/02 WWC paid a $550 insurance premium covering the month of February. The amount paid is recorded 0205 An additional 120 units of inventory are purchased on account by WWC for $9,000-terms 2/15 directly as an expense

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