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Please help me complete ALL the requirments!! thank you. Eastside Cycle, Inc., wholesales a line of custom road bikes. Eastside Cycle's inventory as of November

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Please help me complete ALL the requirments!! thank you.

Eastside Cycle, Inc., wholesales a line of custom road bikes. Eastside Cycle's inventory as of November 30, 2018, consisted of 24 mountain bikes costing $1,100 each. Eastside Cycle's trial balance as of November 30 appears as follows: During the month of December 2018, Eastside Cycle, Inc., had the following transactions: (Click the icon to view the December transactions.) Click the icon to view the November 30 trial balance.) Read the requirements. Requirement 1. Using the transaction list provided, prepare a perpetual inventory record for Eastside Cycle, Inc., for the month of December. Eastside Cycle, Inc., uses the FIFO inventory costing method. (Eastside Cycle records inventory in the perpetual inventory record net of any discounts, as it is company policy to take advantage of all purchase discounts.) Start by entering the beginning inventory balances. Enter the transactions in chronological order, calculating new inventory on hand balances after each transaction. Once all of the transactions have been entered into the perpetual record, calculate the quantity and total cost of inventory purchased, sold, and on hand at the end of the period. (Round all currency amounts to the nearest cent, X.XX. Enter the oldest inventory layers first.) Perpetual Inventory Record: FIFO Purchases Cost of goods sold Inventory on hand Total Unit Cost Unit Cost Unit Cost Total Cost Date Qty Cost 24 $1,100.00 $ 26,400.00 Dec Dec 4 16 900 Qty Total Cost Qty Data table Cash Accounts receivable Inventory Supplies Office equipment Accumulated depreciation, office equipment Accounts payable Note payable, long-term Common stock Retained earnings Dividends Sales revenue Cost of goods sold Sales commissions expense Office salaries expense Eastside Cycle, Inc. Trial Balance November 30, 2018 Account Print $ Done Debit 9,600 12,000 26,400 600 13,300 4,800 78,800 10,900 7,250 $ Credit 3,800 1,400 4,500 10,000 270 151,000 X More info Dec 4 Purchased 16 bikes for $900 each from Bike Lane, Co., on account. Terms, 2/15, n/45, FOB destination. 6 Sold 22 bikes for $2,300 each on account to Cyclemart, Inc. Terms, 3/10, n/30, FOB destination. 8 Paid $300 freight charges to deliver goods to Cyclemart, Inc. 10 Received $7,500 from Iron Man as payment on a November 17 sale. Terms were n/30. 12 Purchased $700 of supplies on account from Office Express. Terms, 2/10, n/30, FOB destination. 14 Received payment in full from Cyclemart, Inc., for the December 6 sale. 16 Purchased 16 bikes for $1,000 each from Bike Lane, Co., on account. Terms, 2/15, n/45, FOB destination. 18 Paid Bike Lane, Co., the amount due from the December 4 purchase in full. 19 Sold 18 bikes for $2,400 each on account to Allsport, Inc. Terms, 2/15, n/45, FOB shipping point. 20 Paid for the supplies purchased on December 12. Paid sales commissions, $1,300. 30 Paid current month's rent, $420. 31 Paid Bike Lane, Co., the amount due from the December 16 purchase in full. Print Done 2233 I X Requirements 1. Using the transaction list provided, prepare a perpetual inventory record for Eastside Cycle, Inc., for the month of December. Eastside Cycle, Inc., uses the FIFO inventory costing method. (Eastside Cycle records inventory in the perpetual inventory record net of any discounts, as it is company policy to take advantage of all purchase discounts.) 2. Four-column general ledger accounts, along with their balances from the November 30 trial balance as applicable, have been opened for you. Record each transaction in the general journal utilizing the "net" method for purchases and sales. Explanations are not required. Post the journal entries to the general ledger. Omit posting references. Calculate the new account balances. 3. Prepare an unadjusted trial balance as of December 31, 2018. 4. Journalize and post the adjusting journal entries on the following information: Depreciation expense on office equipment, $1,900 Supplies on hand, $275 Accrued salary expense for the office receptionist, $870 Estimated refund liability, $1,600 Cost of estimated inventory returns, $800 5. Prepare an adjusted trial balance as December 31, 2018. Use the adjusted trial balance to prepare Eastside Cycle, Inc.'s multistep income statement and statement of retained earnings for the year ending December 31, 2018. Also, prepare the balance sheet at December 31, 2018. 6. Journalize and post the closing entries. 7. Prepare a post-closing trial balance at December 31, 2018. Print Done X

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