Business, 01.03.2021 22:10 smithmorgan773p35885

F. Monthly Inventory Entries - Record each entry based on amounts in Sections A through D above. Acct. Titles Debit Credit
First purchase of 115 units.
inventory 11,040
cash 11,040
Second purchase of 175 units.
inventory 17,850
cash 17,850
Sale of 350 units on account at $180 each; terms 2/10, n/30.
Be sure to use the inventory costing method chosen in Section E.
sale units
Granted $350 of sales allowance to a customer.
Received payment from sales above within the discount period.
Completed physicial inventory, and recorded $725 adjustment for
inventory shrinkage.

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F. Monthly Inventory Entries - Record each entry based on amounts in Sections A through D above. Ac...