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What's answers of 16 and 17? I only need 16 and 17. 1 Great Adventures Problem AP6-1 (GL) 20 points [The following information applies to
What's answers of 16 and 17? I only need 16 and 17.
1 Great Adventures Problem AP6-1 (GL) 20 points [The following information applies to the questions displayed below.] eBook 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 2022. All watches are sold for $840 each. Ask References Jul. 17 Purchased 101 watches for $15,150 ($150 per watch) on account. Jul. 31 Sold 94 watches for $78,960 cash. Aug. 12 Purchased 74 watches for $11,840 ($160 per watch) cash. Aug. 22 Sold 64 watches for $53, 760 on account. Sep. 19 Paid for watches purchased on July 17. Sep. 27 Receive cash of $32,256 for watches sold on account on August 22. Oct. 27 Purchased 165 watches for $28,050 ($170 per watch) cash. Nov. 20 Sold 124 watches for $104,160 cash. Dec. 4 Purchased 134 watches for $24,120 ($180 per watch) on account. Dec. 8 Sold 74 watches for $62,160 on account. Late in December, the next generation of multiuse (MU II) watches is released. In addition to all of the features of the MU watch, the MU II watches are equipped with a global positioning system (GPS) and have the ability to download and play songs and videos off the 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. Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet Mc Journal entry worksheet ETUSE nces Sold 94 watches for $78,960 cash. Record the cost of inventory sold. Note: Enter debits before credits. Date General Journal Debit Credit Jul 31 Cost of Goods Sold 14,100 Inventory 14,100 Record entry Clear entry View general journal Prey 1 of 1 Next Journal entry worksheet Receive cash of $32,256 for watches sold on account on August 22. Record the receipt of cash for the sale. Note: Enter debits before credits. Date General Journal Debit Credit Sep 27 Cash 32,256 Accounts Receivable 32,256 Record entry Clear entry View general journal Journal entry worksheet Journal entry worksheet
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