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The following events occur during September a. Webworks purchases supplies worth $120 on account. I. At the beginning of September, Webworks had 19 keyboards
The following events occur during September a. Webworks purchases supplies worth $120 on account. I. At the beginning of September, Webworks had 19 keyboards costing $100 each and 110 flash drives costing $10 each. Webworks has decided to use perpetual FIFO to cost its inventory e. On account, Webworks purchases thirty keyboards for $105 each and fifty flash drives for $11 each. d. Webworks starts and completes five more Web sites and bills clients for $3,000. e. Webworks pays Nancy $500 for her work during the first three weeks of September Webworks sells 40 keyboards for $6,000 and 120 flash drives for $2,400 cash. Webworks collects $2.500 in accounts receivable. h. Webworks pays off its salaries payable from August iWebworks pays off $5,500 of its accounts payable. j. Webworks pays off $5,000 of its outstanding note payable. k. Webworks pays Leon salary of $2.000 1. Webworks pays taxes of $795 in cash
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