Write a COGS Journal Entry derived from this please. Service Description SKU Hours Rate Total Paddle Board Rental 1100 440 $10.00 $4,400.00 Body Board Rental 1200 948 $7.00 $6,636.00 Total Rental Revenue $11, 036.00 Item Description SKU Units Price Total Sunglasses 2100 396 $20.00 $7,920.00 Suntan Lotion 8 oz 2200 436 $10.00 $ 4,360.00 Total Sales Revenue $12, 280.00 Item Description SKU Units AVG Cost Total Sunglasses 2100 396 $10.00 $ 3,960.00 Suntan Lotion 8 oz 2200 436 $6.00 $2, 616.00 Total Cost $6, 576.00
Write a COGS Journal Entry derived from this please. Service Description SKU Hours Rate Total Paddle Board Rental 1100 440 $10.00 $4,400.00 Body Board Rental 1200 948 $7.00 $6,636.00 Total Rental Revenue $11, 036.00 Item Description SKU Units Price Total Sunglasses 2100 396 $20.00 $7,920.00 Suntan Lotion 8 oz 2200 436 $10.00 $ 4,360.00 Total Sales Revenue $12, 280.00 Item Description SKU Units AVG Cost Total Sunglasses 2100 396 $10.00 $ 3,960.00 Suntan Lotion 8 oz 2200 436 $6.00 $2, 616.00 Total Cost $6, 576.00
Chapter6: Merchandising Transactions
Section: Chapter Questions
Problem 1PA: Record journal entries for the following transactions of Furniture Warehouse. A. Aug. 3: Sold 15...
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![Write a COGS Journal Entry derived from this please. Service Description SKU Hours Rate Total Paddle Board Rental
1100 440 $10.00 $4,400.00 Body Board Rental 1200 948 $7.00 $6,636.00 Total Rental Revenue $11, 036.00 Item
Description SKU Units Price Total Sunglasses 2100 396 $20.00 $7,920.00 Suntan Lotion 8 oz 2200 436 $10.00 $
4,360.00 Total Sales Revenue $12, 280.00 Item Description SKU Units AVG Cost Total Sunglasses 2100 396 $10.00 $
3,960.00 Suntan Lotion 8 oz 2200 436 $6.00 $2, 616.00 Total Cost $6, 576.00](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F02330028-dcd7-4b37-8362-3c434db92688%2F1c36733b-e43a-43ab-960a-7a681f8d2bb0%2Fmw4hdl2_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Write a COGS Journal Entry derived from this please. Service Description SKU Hours Rate Total Paddle Board Rental
1100 440 $10.00 $4,400.00 Body Board Rental 1200 948 $7.00 $6,636.00 Total Rental Revenue $11, 036.00 Item
Description SKU Units Price Total Sunglasses 2100 396 $20.00 $7,920.00 Suntan Lotion 8 oz 2200 436 $10.00 $
4,360.00 Total Sales Revenue $12, 280.00 Item Description SKU Units AVG Cost Total Sunglasses 2100 396 $10.00 $
3,960.00 Suntan Lotion 8 oz 2200 436 $6.00 $2, 616.00 Total Cost $6, 576.00
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