pods Sold 3320 ventory $320 Received Sold 5410 of merchandise 15B- parts ledger to maintain...

50.1K

Verified Solution

Question

Accounting

image

pods Sold 3320 ventory $320 Received Sold 5410 of merchandise 15B- parts ledger to maintain control over an inventory of thousands of Quantity on Hand Part No. 6L6 EL 84 12AUZ 18 3 balance $117 Your job is to 15 is $242.60. 2. Journalize and post the following transactions. 15B-2. E. L. Best owns an electronics supply company called Best Electronics. The company uses the perpetual inventory system with a subsidiary inventory Here are the quantities and costs for three of the parts in inventory: 1. Enter the beginning balances in the inventory record forms; beginning inventory Best Electronics returned to the vendor the faulty part that was returned electronic Cost per Unit $12.50 4 9.40 7.80 20XX Oct. 10 Purchased the following on account: Quantity Part No. Cost per Unit 18 $12.50 6L6 12AU7 28 7.80 (Hint: Be sure to update each inventory record.) 11 Sold 4 number 12AU7 units for cash at a selling price of $18.50 each. (Hint: Remember to record both the revenue and the cost. The cost data will be found in the inventory record form for this part number. Don't for get to update the form.) 13 Sold the following for cash: Part No. Quantity Sales Price per Unit 6L6 10 $18.50 EL84 9 14.00 12A07 12 11.80 15 did not work. 16 yesterday A customer brought back I 6L6 that was bought two days ago because if

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students