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  3. 40 41 42 43 14 7-dec purchased 20 ots at a cost of

40 41 42 43 14 7-Dec Purchased 20 ots at a cost of 2420 eac...

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Accounting

40 41 42 43 14 7-Dec Purchased 20 ots at a cost of 2420 eac unt, termis Sold 22 robots for $6050 each on account, terms 2/10, n/30, FOB Shipping Point, the company uses FIFO to find the cost of goods sold. Record the sales revenue first. 15-Dec 18-Dec Paid for an ad in the local newspaper, $2000. 24-Dec Received $48400 payment for 8 robots to be shipped on January 8, 2025. 31-Dec Prepared payroll for the month of December, the first payroll for the company. Record the Salaries Expense entry first. The tax rates are as follows: 61 62 63 GA

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