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Late in December, the next generation of multiuse ( MU II ) watches is released. In addition to all of the features July 1 7
Late in December, the next generation of multiuse MU II watches is released. In addition to all of the features
July Purchased watches for $ $ per watch on account.
July Sold watches for $ cash.
August Purchased watches for $ $ per watch cash.
August Sold watches for $ on account.
September Paid for watches purchased on July
September Receive cash of $ for watches sold on account on August
October Purchased watches for $ $ per watch cash.
November Sold watches for $ cash.
December Purchased watches for $ $ per watch on account.
December Sold watches for $ on account.
Late in December, the next generation of multiuse MU II watches is released. In addition to all of the features of the MU II watches are equipped with a global positioning system GPS and have the ability to download and play songs Internet. The demand for the original MU watches is greatly reduced. As of December the estimated net realizabl watches is only $ per watch.
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Income
Balance Sheet
Now that operations for outdoor clinics and TEAM events are running smoothly, Suzie thinks of another ar She notices that a few clinic participants wear multiuse MU watches. Beyond the normal timekeeping fea watches are able to report temperature, altitude, and barometric pressure. MU watches are waterproof, so rain, fishing, or even diving up to feet won't damage them. Suzie decides to have MU watches availabl clinic. The following transactions relate to purchases and sales of watches during the second half of $ each.
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