1. Your Boss tells you that the office is really Overstocked with Pens.  That Rush Shipment came in, and there is no place to keep them in the office.  Put them out in the store and put a price tag on them for $1.50 each.   Then, he hands you the bill for $30 for rush overnight delivery.   You have charges as an expense.   What do you do now to fix it? 

 

2. Your Boss said "I just got a bill for $30 for an overnight rush delivery of another six boxes of Pens"   How would you enter that expense into the Accounting System?

 

3. Your boss at Big Stuff says "Where did all the good pens go?   Those pens cost $1.00 each.   I looked in the cabinet at the beginning of the month and we had 55 pens.  I know we bought a box of 20 more last week, and now there are now only 5 left."