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Pearl Industries closes its books on its July 31 year-end. The company does not make entries to accrue for interest except at its year-end. On

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Pearl Industries closes its books on its July 31 year-end. The company does not make entries to accrue for interest except at its year-end. On June 30, the Notes Receivable account balance is $27,800. Notes Receivable include the following. Date Maker Face Value Term Maturity Date Interest Rate April 21 Coote Inc. May 25 Brady Co. June 30 BMG Corp. $5.600 90 days 7,800 60 days July 20 July 24 14.400 6 months December 31 6% During July, the following transactions were completed. July 5 Made sales of $4.500 on Pearl Industries credit cards. 14 Made sales of $600 on Visa credit cards. The credit card service charge is 3%. 20 Received payment in full from Coote Inc on the amount due. 24 Received payment in full from Brady Co. on the amount due. Journalize the July transactions and the July 31 adjusting entry for accrued interest receivable. (Interest is computed using 360 days: omit cost of goods sold entries.) (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit July 14 You have the following information for Blue Spruce Corp. for the month ended October 31, 2022. Blue Spruce uses a periodic method for inventory Date Description Units Unit Cost or Selling Price Oct. 1 Beginning inventory 50 Oct. 9 Purchase Oct. 11 Sale Oct. 17 Purchase Oct. 22 Oct. 25 Oct 29 Sale Purchase Sale Calculate the weighted average cost. (Round answer to 3 decimal places, eg. 5.125.) Weighted average cost per units e Textbook and Media List of Accounts Calculate ending inventory.cost of goods sold, gross profit under each of the following methods. (1) LIFO. (2) FIFO. (3) Average-cost. (Round answers to decimal place, eg. 125.) LIFO FIFO AVERAGE-COST The ending inventory S 9 The cost of goods sold $ 9 Gross profit 9 e Textbook and Media List of Accounts Calculate gross profit rate under each of the following methods. (1) LIFO. (2) FIFO. (3) Average-cost. (Round answers to 1 decimal place, eg. 51.2%) LIFO FIFO AVERAGE-COST Gross profit rate

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