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Wildhorse Inc. manufactures basketballs for the Womens National Basketball Association (WNBA). For the first 6 months of 2022, the company reported the following operating results
Wildhorse Inc. manufactures basketballs for the Womens National Basketball Association (WNBA). For the first 6 months of 2022, the company reported the following operating results while operating at 80% of plant capacity and producing 119,900 units.
Brady Company, a computer services company, entered into these transactions during May 2022, its first month of operations 1. 2. 3. Stockholders invested $40,000 in the business in exchange for common stock of the company Purchased computers for office use (recorded as Equipment) for $30,000 from Ladd Co. on account Paid $4,000 cash for May rent on storage space. Performed computer services worth $19,000 on account Performed computer services for Wharton Construction Company for $5,000 cash Paid Western States Power Co. $8,000 cash for energy usage in May. 4. 5. 6. 7 Paid Ladd Co. for the computers purchased in (2) G stion of 5 educatiowycom + ACC-240 TOPIC OS ASSIGNMENT TO Wor Question 6 of 6 > D acto Wildhorse Inc. manufactures basketballs for the Women's National Basketball Association (WNBA). For the first 6 months of 2022, the company reported the following operating results while operating at 80% of plant capacity and producing 119,900 units. Amount ales $4,676,100 ost of goods sold 3,569,024 elling and administrative expenses 443,437 et income $663,639 Fixed costs for the period were cost of goods sold $960,000, and selling and administrative expenses $248,000. Brady Company, a computer services company, entered into these transactions during May 2022, its first month of operations 1. 2. 3. Stockholders invested $40,000 in the business in exchange for common stock of the company Purchased computers for office use (recorded as Equipment) for $30,000 from Ladd Co. on account Paid $4,000 cash for May rent on storage space. Performed computer services worth $19,000 on account Performed computer services for Wharton Construction Company for $5,000 cash Paid Western States Power Co. $8,000 cash for energy usage in May. 4. 5. 6. 7 Paid Ladd Co. for the computers purchased in (2) G stion of 5 educatiowycom + ACC-240 TOPIC OS ASSIGNMENT TO Wor Question 6 of 6 > D acto Wildhorse Inc. manufactures basketballs for the Women's National Basketball Association (WNBA). For the first 6 months of 2022, the company reported the following operating results while operating at 80% of plant capacity and producing 119,900 units. Amount ales $4,676,100 ost of goods sold 3,569,024 elling and administrative expenses 443,437 et income $663,639 Fixed costs for the period were cost of goods sold $960,000, and selling and administrative expenses $248,000 Step by Step Solution
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