The following transactions were taken off the company's books.

Cash $ 65,000

Inv. Initial (725 U to $ 14.89)

Receivable. 89,000

All.for.doub.accts 5,400

a) Common shares were issued for a total of $ 325,000.

b) 2,367 units were purchased with a total cost of $ 38,000.00 on credit

c) Merchandise worth $ 1,500.00 was returned.

d) 2,475 units were sold at $ 21.00

e) 3,200 units were purchased with a price of $ 11.00 in terms of (2% n30)

f) $ 100,000 was borrowed.

g) 25 units returned were received from those sold in transaction d

h) The transaction invoice (e) was paid

REQUIREMENTS;

A) Register the transactions in the General Journal de la. company

B) Open one for each account that appears in the problem and find the balance

Prob # 2

The company Xp presents us the relation of purchase of merchandise

Beginning Inventory Balance .6,231 A $ 7.52

Purchase # 1 ......................................... ...... 3546 for $ 28,935

2. 6524 @ $ 8.25

3. 3700 @ $ 8.47

9845 units were sold.

Determine

a) Mechanism available

b) Final inventory

c) Cost of the merchandise