October 10 October 30 November 1 November 14 November 30 December 2 Purchased 100 pairs of...
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October 10 October 30 November 1 November 14 November 30 December 2 Purchased 100 pairs of shoes on account at a cost of $5,945 per pair. In addition Miller paid $405 in cash on each pair of shoes to have the inventory shipped from the vendor's warehouse to the Miller's showroom. During the month 90 pairs were sold at a unit selling price of $8,255. A new batch of 60 pairs was purchased on account at a total cost of $406,500 5 pairs of the sneakers purchased on November 1 were found to be of the wrong description and returned to the supplier The sales for November were 60 pairs of sneakers which yielded total sales revenue of $430,000. Peter Fuller, a customer to whom 10 pairs were sold at the close of business on November 30, returned 4 pairs of the sneakers, as they were of the wrong colour. October 10 October 30 November 1 November 14 November 30 December 2 Purchased 100 pairs of shoes on account at a cost of $5,945 per pair. In addition Miller paid $405 in cash on each pair of shoes to have the inventory shipped from the vendor's warehouse to the Miller's showroom. During the month 90 pairs were sold at a unit selling price of $8,255. A new batch of 60 pairs was purchased on account at a total cost of $406,500 5 pairs of the sneakers purchased on November 1 were found to be of the wrong description and returned to the supplier The sales for November were 60 pairs of sneakers which yielded total sales revenue of $430,000. Peter Fuller, a customer to whom 10 pairs were sold at the close of business on November 30, returned 4 pairs of the sneakers, as they were of the wrong colour.
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