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Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | Apr 2017 |
| Last Sign in: | 453 Weeks Ago, 3 Days Ago |
| Questions Answered: | 402 |
| Tutorials Posted: | 401 |
MSC,MBA(IT)
Standford
Jun-1997 - Sep-2000
IT Manager
Honeywell
Aug-2001 - Present
RECORDING PURCHASES AND SALES
Printer Supply Company sells computer printers and printer supplies. One of its products is a toner cartridge for laser printers. At the beginning of 2009, there were 200 cartridges on hand at a cost of $60 each. During 2009, Printer Supply Company purchased 1,400 cartridges at $60 each. After inspection, Printer determined that 10 cartridges were defective and returned them to the supplier. Printer also sold 800 cartridges at $95 each and sold an additional 750 cartridges at $102 each after a midyear selling price increase. Customers returned 15 of the cartridges that were purchased at $102 to Printer for miscellaneous reasons. Assume that Printer Supply Company uses a perpetual inventory system.
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