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Inventory at December 31 (based on a physical count of goods in Reagan's warehouse on...

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Accounting

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Inventory at December 31 (based on a physical count of goods in Reagan's warehouse on December 31) $1,410,000 Accounts payable at December 31: Vendor Terms mount Baker Company 3%, 10 days, net 30 297,000 Charlie Company Net 30 242,000 Dolly Company Net 30 332,000 Eagler Company Net 30 257,000 Full Company Net 30 Greg Company Net 30 Accounts payable, December 31 $1,128,000 $9,800,000 Sales for the year Additional Information: 1. Parts held by Reagan on consignment from Charlie, amounting to $235,000, were included in the physical count of goods in Reagan's warehouse and in accounts payable at December 31 2. totaling $38,000, which were purchased from Full and paid for in December were sold in the last week of the year and appropriately recorded as sales of $44.000 The parts were included in the physical count of goods in Reagan's warehouse on December 31 because the parts were on th loading dock waiting to be picked up by customers in ne int on December 28

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