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Project 2 R2 Ar the following us: (a) Prepare Journal Entries for Sales and Purchase Without Discounts) Rob Corp is a lub yard on Angel
Project 2 R2 Ar the following us: (a) Prepare Journal Entries for Sales and Purchase Without Discounts) Rob Corp is a lub yard on Angel kland. Kor. 15 Sold kumber in an account to Hard Hat Caitruction, SS70,000. The inventory subsidiary lediger shows the cost of this marchandise mas $280,000. Apr. 19 Pardased lumber on account from LHP Company 5100,000. May 10 Collected in case the 5570,000 accounts receivable from Hard Hat Canceraction May 19 Paid the $100,000 wed to LHP Company Dec 31 Rob Corp personnel crited the inventory on hand and determined to cost to be $140,000. The accounting records, however, indicate try of $160,000 and a cost of good sold of $20,000. The physical count of the inventory was obrved by the company's auditors and it is considerand corred. Prepare journal artists to record the above transactions and events in the accounting record of Rob Corp (the company is a perpetual system). (Credit account titles are automatically indented when the amount is enterad. Do not inden maally.) Date Account Titles and Explanation Debat Credit (To record sales.) (Tomacord col goods sold) Click if you would like to Show Work for this question: Dean Show Wark (b) Prepare Journal Entries for Sales and Purchases (With Discounts) The parts of this question must be completed in order. This part will be available when you complete the part above (c) Prepare Multi-Step Income Statement The parts of this question must be completed in order. This part will be available when you complete the part above (d) Inventory Calculations The parts of this question must be completed in order. This part will be available what you complete the part above. (a) Ratio Analysis The parts of this question must be completed in order. This part will be available what you complete the pare above (1) PrepareBank Reconciliation The parts of this question must be completed in order. This part will be available when you complete the part above (a) Prepare Journal Entries for Not Receivable The parts of this question must be completed in order. This part will be available when you complete the part above (h) Prepare Journal Entries for Allowance for Doubtful Accounts The parts of this question must be completed in order. This part will be available when you complete the part above
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