Sunshine Electronics started with 300 printers in inventory. They purchased 500 more and sold 600 during the period. Their ending physical count shows 150 printers. Calculate the number of missing units.
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- Samar Electronics started with 300 printers in inventory. They purchased 500 more and sold 600 during the period. Their ending physical count shows 150 printers. Calculate the number of missing units. I want answerMissing Unit.Sequoia Co. is evaluating its inventory, computer paper, at the end of the period. The cost of each package of paper costs Sequoia $5 and there are 5,000 units in ending inventory. They sold 27,000 packages during the period. Due to increased use of the electronic cloud, the net realizable value of each package of paper is $3.50. What is the correct amount of the inventory write-down?
- ?Mavtech, a computer trading company, received an order for 30 computers on September 15th from its customer. At Mavtech’s request, the customer paid the full order value of $40,000 on September 29th. The computers were delivered on October 2nd. The cost of the computers delivered was $35,000. You are required to show the journal entries on September 15th, September 29th and October 2nd.Report the number of missing boxes.
- What is the value of valid claims if each average $180?The following events occur during September: Webworks purchases supplies worth $120 on account. At the beginning of September, Webworks had 19 keyboards costing $100 each and 110 flash drives costing $10 each. Webworks has decided to use perpetual FIFO to cost its inventory. On account, Webworks purchases thirty keyboards for $105 each and fifty flash drives for $11 each. Webworks starts and completes five more Web sites and bills clients for $3,000. Webworks pays Nancy $500 for her work during the first three weeks of September. Webworks sells 40 keyboards for $6,000 and 120 flash drives for $2,400 cash. Webworks collects $2,500 in accounts receivable. Webworks pays off its salaries payable from August. Webworks pays off $5,500 of its accounts payable. Webworks pays off $5,000 of its outstanding note payable. Webworks pays Leon salary of $2,000. Webworks pays taxes of $795 in cash. Required: Prepare journal entries for the above events. Post the journal entries to T-accounts.…Summit Furniture shipped out an order on April 5th (FOB destination) for a total of $32,500.00. The terms of payment are 3/10, net 40. The order arrived on April 6th. On April 7th, the customer returned $3,800.00 worth of items due to damage. On April 9th, a credit of $5,000.00 was granted for minor defects, but the customer kept the items. The customer paid the invoice on April 12th. What is the balance in the Accounts Receivable (AR) account on April 8th?
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