No sales of consigned goods were made through December 31, 20x1. Stone's December 31, 20x1 balance sheet should include consigned inventory at

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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No sales of consigned goods
were made through December 31,
20x1. Stone's December 31, 20x1
balance sheet should include
consigned inventory at
Stone Co. had the following consignment transactions during December 20x1:
Inventory shipped on consignment to Beta Co.
Freight paid by Stone
Inventory received on consignment from Alpha Co.
Freight paid by Alpha
18,000
900
12,000
500
12,000
12,500
18,000
18,900
Transcribed Image Text:No sales of consigned goods were made through December 31, 20x1. Stone's December 31, 20x1 balance sheet should include consigned inventory at Stone Co. had the following consignment transactions during December 20x1: Inventory shipped on consignment to Beta Co. Freight paid by Stone Inventory received on consignment from Alpha Co. Freight paid by Alpha 18,000 900 12,000 500 12,000 12,500 18,000 18,900
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