[The following information applies to the questions displayed below.] Now that operations for outdoor clinics and TEAM events are running smoothly. Suzie thinks of another area for business expansion. She notices that a few clinic participants wear multiuse (MU) watches. Beyond the normal timekeeping features of most watches, MU watches are able to report temperature, altitude, and barometric pressure. MU watches are waterproof, so moisture from kayaking; rain, fishing, or even diving up to 100 feet won't damage them. Suzie decides to have MU watches available for sale at the start of each clinic. The following transactions relate to purchases and sales of watches during the second half of 2025 . All watches are sold for $860 each. Jaly 17 Purchased 104 watches for $15,600 (\$150 per watch) on account. July 31 Sold 76 watehes for $65,360cash. Aiggust 12 Purchased 76 vatches for $12,160 ( $160 per watch) cash. Auguat 22 Sold 66 watches for $56,760 on account. September 19 Paid for watehes purchased on July 17 . September 27 Receive cash of $34,056 for watehes sold on account on August 22. 0ctober 27 Purchased 170 watches for $27,540 (\$162 per watch) oash. November 20 Sold 146 watches for $125,560 cash. DecemberDecember8Pold76watchesfor$65,360onaccount. Internet. The demand for the original MU watches is greatly reduced. As of December 31, the estimated net realizable value of MU watches is only $100 per watch. Prepare the journal entries for transactions. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Purchased 104 watches for $15,600 ( $150 per watch) on account. Record the purchase of inventory on account. Nate: Enter debits before credits. Prepare a classified balance sheet as of December 31,2025 . Choose the appropriate accounts to complete the company's balance sheet: The unodjusted, adjusted, or post-closing balances will appear for each account, based on your selection. [The following information applies to the questions displayed below.] Now that operations for outdoor clinics and TEAM events are running smoothly. Suzie thinks of another area for business expansion. She notices that a few clinic participants wear multiuse (MU) watches. Beyond the normal timekeeping features of most watches, MU watches are able to report temperature, altitude, and barometric pressure. MU watches are waterproof, so moisture from kayaking; rain, fishing, or even diving up to 100 feet won't damage them. Suzie decides to have MU watches available for sale at the start of each clinic. The following transactions relate to purchases and sales of watches during the second half of 2025 . All watches are sold for $860 each. Jaly 17 Purchased 104 watches for $15,600 (\$150 per watch) on account. July 31 Sold 76 watehes for $65,360cash. Aiggust 12 Purchased 76 vatches for $12,160 ( $160 per watch) cash. Auguat 22 Sold 66 watches for $56,760 on account. September 19 Paid for watehes purchased on July 17 . September 27 Receive cash of $34,056 for watehes sold on account on August 22. 0ctober 27 Purchased 170 watches for $27,540 (\$162 per watch) oash. November 20 Sold 146 watches for $125,560 cash. DecemberDecember8Pold76watchesfor$65,360onaccount. Internet. The demand for the original MU watches is greatly reduced. As of December 31, the estimated net realizable value of MU watches is only $100 per watch. Prepare the journal entries for transactions. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Purchased 104 watches for $15,600 ( $150 per watch) on account. Record the purchase of inventory on account. Nate: Enter debits before credits. Prepare a classified balance sheet as of December 31,2025 . Choose the appropriate accounts to complete the company's balance sheet: The unodjusted, adjusted, or post-closing balances will appear for each account, based on your selection
