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Jimmies Fishing Hole has the following transactions related to its top-selling Shimano fishing reel for the month of June. Jimmies Fishing Hole uses a periodic

Jimmies Fishing Hole has the following transactions related to its top-selling Shimano fishing reel for the month of June. Jimmies Fishing Hole uses a periodic inventory system.

Date Transactions Units Unit Cost Total Cost
June 1 Beginning inventory 16 $ 190 $ 3,040
June 7 Sale 11
June 12 Purchase 10 180 1,800
June 15 Sale 12
June 24 Purchase 10 170 1,700
June 27 Sale 8
June 29 Purchase 9 160 1,440
$ 7,980

3. Using LIFO, calculate ending inventory and cost of goods sold at June 30

The following information applies to the questions displayed below.]

Jimmies Fishing Hole has the following transactions related to its top-selling Shimano fishing reel for the month of June. Jimmies Fishing Hole uses a periodic inventory system.

Date Transactions Units Unit Cost Total Cost
June 1 Beginning inventory 16 $ 190 $ 3,040
June 7 Sale 11
June 12 Purchase 10 180 1,800
June 15 Sale 12
June 24 Purchase 10 170 1,700
June 27 Sale 8
June 29 Purchase 9 160 1,440
$ 7,980

4. Using weighted-average cost, calculate ending inventory and cost of goods sold at June 30. (Round your intermediate and final answers to 2 decimal places.)

The following information applies to the questions displayed below.]

Jimmies Fishing Hole has the following transactions related to its top-selling Shimano fishing reel for the month of June. Jimmies Fishing Hole uses a periodic inventory system.

Date Transactions Units Unit Cost Total Cost
June 1 Beginning inventory 16 $ 190 $ 3,040
June 7 Sale 11
June 12 Purchase 10 180 1,800
June 15 Sale 12
June 24 Purchase 10 170 1,700
June 27 Sale 8
June 29 Purchase 9 160 1,440
$ 7,980

4. Using weighted-average cost, calculate ending inventory and cost of goods sold at June 30. (Round your intermediate and final answers to 2 decimal places.)

The following information applies to the questions displayed below.] The following events occur for Morris Engineering during 2021 and 2022, its first two years of operations.

February 2, 2021 Provide services to customers on account for $29,600.
July 23, 2021 Receive $20,000 from customers on account.
December 31, 2021 Estimate that 20% of uncollected accounts will not be received.
April 12, 2022 Provide services to customers on account for $42,600.
June 28, 2022 Receive $6,000 from customers for services provided in 2021.
September 13, 2022 Write off the remaining amounts owed from services provided in 2021.
October 5, 2022 Receive $38,000 from customers for services provided in 2022.
December 31, 2022 Estimate that 20% of uncollected accounts will not be received.

Required:

1. Record transactions for each date. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)

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