Score: 0.86 of 3 pts 2 of 10 (10 complete HW Score: 74.68%, 18.67 of Eestion Help E6-16A (similar to) Ontario Company's inventory records for its retail division show the following at October 31 Click the loon to view the accounting records) At October 31, 10 of these units are on hand. Read the requirements Requirement 1. Journalize for Ontario total October purchases in one summary entry, under the perpetual system. All purchases were on credit. (Record debits first, then credits. Exclude explanations from any journal entries) Journal Entry Date Accounts Credit Data Table Inventory 2,675 Accounts Payable 2.675 Oct 1 Beginning inventory 9 units@ $ 160 - $ 1,440 15 Purchase 5 units 161 $ 805 25 Purchase 11 units 170 = $ 1,870 Requirement 2. Journal for Ontario total October sales and cost of goods sold in two summary entries, under the Assume that states the FIFO i ve method. Record debits first, then credits. Exclude explanations from any journal entries.) Let's start by recording the entry for October sales. Do not yet record the cost related to the sale. We will do this in Print Done Journal Entry Date Accounts Debit Credit Accounts Receivable Sales Revenue Choose from any list or enter any number in the input fields and then click Check Answer Check Answer Clear A parts 3 onaning 99 ben DD 59 80 22 FA FB esc - A %23 3 $ 4 % 5 & 7 6 8 9 Score: 0.86 of 3 pts 2 of 10 (10 complete HW Score: 74.68%, 18.67 of Eestion Help E6-16A (similar to) Ontario Company's inventory records for its retail division show the following at October 31 Click the loon to view the accounting records) At October 31, 10 of these units are on hand. Read the requirements Requirement 1. Journalize for Ontario total October purchases in one summary entry, under the perpetual system. All purchases were on credit. (Record debits first, then credits. Exclude explanations from any journal entries) Journal Entry Date Accounts Credit Data Table Inventory 2,675 Accounts Payable 2.675 Oct 1 Beginning inventory 9 units@ $ 160 - $ 1,440 15 Purchase 5 units 161 $ 805 25 Purchase 11 units 170 = $ 1,870 Requirement 2. Journal for Ontario total October sales and cost of goods sold in two summary entries, under the Assume that states the FIFO i ve method. Record debits first, then credits. Exclude explanations from any journal entries.) Let's start by recording the entry for October sales. Do not yet record the cost related to the sale. We will do this in Print Done Journal Entry Date Accounts Debit Credit Accounts Receivable Sales Revenue Choose from any list or enter any number in the input fields and then click Check Answer Check Answer Clear A parts 3 onaning 99 ben DD 59 80 22 FA FB esc - A %23 3 $ 4 % 5 & 7 6 8 9
