Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please solve last one Bramble Ltd. had beginning inventory of 54 units that cost $105 each. During September, the company purchased 206 units on account
please solve last one
Bramble Ltd. had beginning inventory of 54 units that cost $105 each. During September, the company purchased 206 units on account at $105 each, returned 6 units for credit, and sold on account 153 units at $201 each. (a) Your answer is correct. Prepare journal entries for the September transactions, assuming that Bramble uses a perpetual inventory system. (Credit aco titles are outomatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account tities and enter O for the amounts. List all debit entries before credit entries.) Prepare journal entries for the September transactions, assumiru that Eramble utes aperiodic inventory ryntem (Oreff actount occount tities and enter O for the arnounts List ell debit entries before cradit entries) (c) Attempts 1 of 3 used Assume that Bramble uses a periodic system and prepares financial statements at the end of each month An inventery count. determines that there are 101 units of inventory remainine at September 30 , Prepare the adiunting entry that ls needed at 5 September 30 to report cost of goods sold. ICredit account titier are automatically indented when the anount is miterad Do net indent manuelly. If no entry is required, select "No Entry" for the account titiles and entar ofor the amounts. Lint al debit entries before credit entries) Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started