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im just missing a few pieces from each problem Required information Problem 6-9B Record transactions and prepare a partial income statement using a periodic inventory
im just missing a few pieces from each problem
Required information Problem 6-9B Record transactions and prepare a partial income statement using a periodic inventory system (L06-8) [The following information applies to the questions displayed below) At the beginning of June, Circuit Country has a balance in Inventory of $2,050. The following transactions occur during the month of June June 2 Purchase radios on account from Radio World for $1,750, teras 2/15, 1/45. June 4 Pay Cash for freight charges related to the June 2 purchase from Radio World, $210. June 8 Return defective radios to Radio World and receive credit, $200 June 10 Pay Radio World in full. June 11 Sell radios to customers on account, $3,100, that had a cost of $2,250. June 18 Receive payment on account from customers, $2,100 June 20 Purchase radios on account from Sound Unlimited for $2,850, terws 2/10, 1/30. June 23 Sell radios to customers for cash, $4,350, that had cost of $2,650. June 26 Return damaged radios to Sound Unlimited and receive credit of $500. June 28 Pay Sound Unlimited in full. Problem 6-9B Part 2 2. Record the month-end adjustment to inventory, assuming that a final count reveals ending inventory with a cost of $1182 (if no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list View journal entry worksheet Credit General Journal No 1 Date June 30 Debit 2.250 1750 210 200 Inventory (beginning) Purchases Freight in Purchase Returns Sales Discounts Sales Revenue Purchase Returns Sales Discounts Inventory conding) 2.250 500 Problem 6-6B Part 3 3. Prepare the top section of the multiple step income statement through gross profit for the month of November after the adjustment for lower of cost and net realizable value. Answer is complete but not entirely correct. YOSHI INC Multiple-step Income Statement (partial) For the month of November Net soos $ 20.500 Cost of Good Sold 2600 17.9003 Gross Pro Problem 6-9B Part 3 3. Prepare the top section of the multiple-step income statement through gross profit for the month of June. Answer is complete but not entirely correct. $ $ 7.450 CIRCUIT COUNTRY Multiple-step Income Statement (partial) For the month of June Net sales Cost of goods sold Beginning inventory 2,050 Add Purchases 4,600 Less Purchase returns 700 Less Purchase discounts 78 Add. Freight-in 210 >S 6,080 1,182 > Cost of goods available for sale Less Ending inventory Cost of goods sold Gross profit 4.900 2,550 Step by Step Solution
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