stuck on this study guide question
its a two part question that starts woth journal entries. im not sire what is missing but this is the full question in sequence.
Part 1b: Complete the table below to calculate Cost of Goods Sold and Ending Inventory for March. Units Total Beginning Inventory + Purchases
Ending Inventory Inventory Transaction Journal Entries (21 points total): At the beginning of March, Alpha-Dog Company has the following account balances: Debits Credits Cash $125,000 Accounts Recelvable $30,000 Inventory (650 units) $16,250 Accounts Payable $21,250 Wages Payable $5,000 Common Stock $75,000 Retained Earnings $30,000 Sales Revenue $40,000 Cost of Goods Sold $10,000 Wages Expense $10,000 $181,250 $181,250 Inventory Transactional Lot 21 posts total At the beginning of March, Alpha Dog Company has the following count balances: $125,000 $30,000 $16.250 Gash Accounts Receivable Inventory 450 units Accounts Payable Wapes Payable Common Steck Retained Earnings Sales Revenue Cost of Goods Sold Wages Expense $21,250 $5,000 $75,000 $10,000 $40,000 $10,000 $10,000 $161,250 $181,250 Part 1: Complete the journal entries for each of the following transactions. a. Use the drop down menus to find the appropriate accounts for the yellow boxes Type in the correct values for each debit and credit. RA la On March 1st.Company receives and pays cash for 220 units of inventory that cost $26 per unit 1b On March 2nd, the company returns 50 units of inventory and receives a corresponding return of cash in the amount of $1.200 1c On March&th the company sells 600 units of inventory at a sales price of S60 per unit on account. Recall they sethe FIFO method for inventory Sales Price: Cost id On March 10th, the pays cash for 400 units of inventory that cost $27 per unit te. On March 15, the company pays $10,000 toward the amount owed on account at the beginning of the month 11. On March 1Bob Dog Soo units of inventory at a sales price of S60 per unit Half of the customers pay it and half charge the has the Part 1b: Complete the table below to calculate Cost of Goods Sold and Ending Inventory for March. Units Total Beginning Inventory + Purchases Ending Inventory H Inventory Transaction Journal Entries (21 points total): At the beginning of March, Alpha-Dog Company has the following account balances: Debits Credits Cash $125,000 Accounts Receivable $30,000 Inventory (650 units) $16,250 Accounts Payable $21,250 Wages Payable $5,000 Common Stock $75,000 Retained Earnings $30,000 Sales Revenue $40,000 Cost of Goods Sold $10,000 Wages Expense $10,000 $181,250 $181,250 Partia: Complete the journal entries for each of the following transactions. a. Use the drop-down menus to find the appropriate accounts for the yellow boxes. b. Type in the correct values for each debit and credit. 1 2 3 la DR CR On March ist Company receives and pays cash for 220 units of inventory that cost $26 per unit. 4 1b. On March 2nd, the company returns 50 units of inventory and receives a corresponding return of cash in the amount of $1,300 5 6 7 8 9 10 31 32 33 1c On March 8th, the company sells 600 units of inventory at a sales price of 560 per unit on account. Recall they tune the FIFO method for inventory Sales Price: Cost id On March 10th, the pays cash for 400 units of inventory that cost $27 per unit. le On March 15 the company pays $10,000 toward the amount owed on account at the beginning of the month + 11. On March 18" Bob Dor sells 500 units of inventory at a sales price of $60 per unit. Half of the customers pay in cash, and half charge their purchase on their account Part 1b: Complete the table below to calculate Cost of Goods Sold and Ending Inventory for March. Units Total Beginning Inventory + Purchases Ending Inventory
