- Special Journals and Subsidiary Ledgers: Purchases and C nals Marilyn Pantaleon: Attempt 1 1 p.xxwww. Marcel's Fashions started with $7,000 in Inventory and had the following transaction totals for the month of April: Sales Sales Returns and Allowances Cost of Goods Sold Purchases Freight Purchases Returns and Allow. Discounts $20,000 2,000 8,000 ??? 1,000 2,000 1,500

FINANCIAL ACCOUNTING
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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ter 7- Special Journals and Subsidiary Ledgers: Purchases and Ca
ournals
Marilyn Pantaleon: Attempt 1
DULLA
pwy
Marcel's Fashions started with $7,000 in Inventory and had the following transaction totals for the month of
April:
Sales
Sales Returns and Allowances
Cost of Goods Sold
Purchases
Freight
Purchases Returns and Allow.
Purchases Discounts
$20,000
2,000
8,000
???
1,000
2,000
1,500
Transcribed Image Text:ter 7- Special Journals and Subsidiary Ledgers: Purchases and Ca ournals Marilyn Pantaleon: Attempt 1 DULLA pwy Marcel's Fashions started with $7,000 in Inventory and had the following transaction totals for the month of April: Sales Sales Returns and Allowances Cost of Goods Sold Purchases Freight Purchases Returns and Allow. Purchases Discounts $20,000 2,000 8,000 ??? 1,000 2,000 1,500
If ending Inventory for the period is $14,000, what is the total amount of purchases during the month?
$16,500
$17,500
$18,500
$15,500
Transcribed Image Text:If ending Inventory for the period is $14,000, what is the total amount of purchases during the month? $16,500 $17,500 $18,500 $15,500
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