At december 31, 2017 sheffield corp.'s inventory records indicated a balance of $888000. upon further investigation it was determined that this amount included the following:
▪ $186000 in inventory purchases made by sheffield shipped from the seller 12/27/14 terms fob destination, but not due to be received until january 2nd
▪ $114000 in goods sold by sheffield with terms fob destination on december 27th. the goods are not expected to reach their destination until january 6th
▪ $7500 of goods received on consignment from riverbed company
what is sheffield correct ending inventory balance at december 31, 2017?

(entries for bond transactions) on january 1, 2017, aumont company sold 12% bonds having a maturity value of $500,000 for $537,907.37, which provides the bondholders with a 10% yield. the bonds are dated january 1, 2017, and mature january 1, 2022, with interest payable december 31 of each year. aumont company allocates interest and unamortized discount or premium on the effective-interest basis. instructions (round answers to the nearest cent.) (a) (b) (c) (d) prepare the journal entry at the date of the bond issuance. prepare a schedule of interest expense and bond amortization for 2017–2019. prepare the journal entry to record the interest payment and the amortization for 2017. prepare the journal entry to record the interest payment and the amortization for 2019.