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please answer in text(without image) it is easy to copy Printer Supply Company sells computer printers and printer supplies One of its products ts a
please answer in text(without image) it is easy to copy
Printer Supply Company sells computer printers and printer supplies One of its products ts a toner cartridge for taser printers. At the beginning of the year, there were 200 cartridges on hand at a cost ot 561 each During the year, Printer Supply purchased 1,480 cartridges at $6t each, sold 845 cartridges at 593 each, and sold an additional 680 cartridges at 8101 each after a midyear selling price increase Printer Supply returned 20 defective Cartridges to the supplier In addition, customers returned 10 cartridges that were purchased at 8101 to Printer Supply for various reasons Assume that Printer Supply uses a periodic inventory system Required: 1. Prepare journal entries to record the purchases sales, and return of inventory Assume that w bachases and sales are on cross out no discounts were offered 2. What is the cost of ending inventory cost of goods cold and gross prant? )Step by Step Solution
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