Maurice Tutor

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About Maurice Tutor

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Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 401 Weeks Ago, 3 Days Ago
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 26 Jul 2017 My Price 3.00

Josh’s Shopping Bags

Accounting records for Josh’s Shopping Bags yield the following data for the year ended May 31, 2012:
Inventory, May 31, 2011. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 8,000
Purchases of inventory (on account). . . . . . . . . . . . . . . . . . . . . . . . . . . 46,000
Sales of inventory – 81% on account; 19% for cash (cost $38,000). . . 76,000
Inventory, May 31, 2012. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ?
Requirements
1. Journalize the inventory transactions for the company using the data given.
2. Report ending inventory on the balance sheet, and sales, cost of goods sold, and gross profit on the income statement.

Answers

Maurice Tutor
(5)
Status NEW Posted 26 Jul 2017 11:07 AM My Price 3.00

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