1/1CengageNOWv2| Online teachirs xcengagenow.com/ilm/takeAssignment/takeAssignmentMan.uo?invoker=&takeAssignmentSessionLocator=&inprogress%3Dfalse田eBookPrepare the journal entry to record the sale of 1,700 units that cost $9 per unit and sold for $15 per unit.If an amount box does not require an entry, leave it blank.

Name: 1/1CengageNOWv2| Online teachirs xcengagenow.com/ilm/takeAssignment/t
Uploaded: 2024-03-20T06:32:37.000Z
Channel: Bartleby
Description: 1/1CengageNOWv2| Online teachirs xcengagenow.com/ilm/takeAssignment/takeAssignmentMan.uo?invoker=&takeAssignmentSessionLocator=&inprogress%3Dfalse田eBookPrepare the journal entry to record the sale of 1,700 units that cost $9 per unit and sold for $1

Sales = 1700*$15 = $25,500 Cost of goods sold = 1700*$9 = $15,300

Answered: Prepare the journal entry to record the…

Business

Accounting

Prepare the journal entry to record the sale of 1,700 units that cost $9 per unit and sold for $15 per unit. If an amount box does not require an entry, leave it blank. 000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Use the following data to prepare card store by using Fifo method, Lifo method and av. cost : 1-1/6 The balance ( 30 ) unit in price ( 1000 )D. To unit. 2-2/7 Purchase ( 50 Junit in price (1100 )D. To unit . 3-7/8 Expend ( 40 Junit to the production. 4-11/9 purchase ( 35 )unit in price ( 1130 )D. To unit . 5-14/9 Expend ( 35 )unit to the production . 6-17/10 Purchase ( 25 ) unit in price (1135 )D. to unit.
s
Use the following data to prepare card store by using Fifo method: 1-1/6 The balance ( 3000 ) unit in price ( 1000 )D. To unit. 2-2/7 Purchase ( 5000 Junit in price ( 2000 )D. To unit. 3-7/8 Expend ( 4000 Junit to the production. 4-11/9 purchase ( 3000 Junit in price ( 1500 )D. To unit . 5-14/9 Expend ( 4000 Junit to the production. 6-17/10 Purchase ( 4000 ) unit in price ( 2000 )D. To unit. 7-21/10 Expend ( 2000 ) unit to the production. 8-20/11 Purchase ( 3000 ) unit in price ( 1500 )D. To unit. 9-26/11 Purchase ( 6000 ) unit in price ( 2000 )D. To unit 10- 30/11 Expend ( 8000 ) unit to the production .
Goods have been sold that cost $3.000 to make. Provide the journal entry to record the costs associated with the sale.
Answer part d and e only.
Q3. Rex Company's record of transactions for the month of September was as follows. Purchase Sales Date Quantity (Balance on hand) 100 Unit Price Date Units Sep 1 $5.00 Sep 5 300 Sep 4 Sep Sep 12 Sep 27 400 5.10 200 300 5.30 800 11 Sep 18 200 5.35 Sep 28 150 Sep 600 5.60 26 Sep 30 200 5.80 Total 1,800 Total units (ending inventory) 350 1,450 Instructions: Compute the ending inventory at September 30 on each of the following on periodic bases. 1. FIFO 2. LIFO 3. WA
Prepare the journal entry to record the sale of 1,800 units that cost $9 per unit and sold for $15 per unit. If an amount box does not require an entry, leave it blank.
M IN V F. R | B. H. G. 9- 4. 8. 2$ ) MacBook Pro b. a. Under a perpetual inventory system, record the journal entries required for the above transactions. If an amount box does not require an entry, leave it blank. Travis Company purchased merchandise on account from a supplier for $5,400, terms 2/10, net 30. Travis Company paid for the merchandise within the discount period.
Please help me with show all calculation thanku
Journalize with the information attached, please
Please get everything correct and have the answers in a box so I’ll know where to key it in
Journal entries required