- 15 Points Ellock Print References The Accounting Records Of Wall S China Shop Reflected The Following Balances As Of Jan 1 (32.84 KiB) Viewed 24 times
- 15 Points Ellock Print References The Accounting Records Of Wall S China Shop Reflected The Following Balances As Of Jan 2 (42.62 KiB) Viewed 24 times
- 15 Points Ellock Print References The Accounting Records Of Wall S China Shop Reflected The Following Balances As Of Jan 3 (45.9 KiB) Viewed 24 times
- 15 Points Ellock Print References The Accounting Records Of Wall S China Shop Reflected The Following Balances As Of Jan 4 (62.07 KiB) Viewed 24 times
- 15 Points Ellock Print References The Accounting Records Of Wall S China Shop Reflected The Following Balances As Of Jan 5 (55.08 KiB) Viewed 24 times
- 15 Points Ellock Print References The Accounting Records Of Wall S China Shop Reflected The Following Balances As Of Jan 6 (46.87 KiB) Viewed 24 times
- 15 Points Ellock Print References The Accounting Records Of Wall S China Shop Reflected The Following Balances As Of Jan 7 (36.18 KiB) Viewed 24 times
- 15 Points Ellock Print References The Accounting Records Of Wall S China Shop Reflected The Following Balances As Of Jan 8 (45.02 KiB) Viewed 24 times
- 15 Points Ellock Print References The Accounting Records Of Wall S China Shop Reflected The Following Balances As Of Jan 9 (66.86 KiB) Viewed 24 times
Complete this question by entering your answers in the tabs below. FIFO LIFO Weighted average Req B1 General Journal Sales Cost of goods sold Gross margin Req B1 T Accounts Salaries expense Income before tax Income tax expense Net income Reg 82 General. Journal Req A Req C Compute the cost of goods sold and ending inventory, assuming (1) FIFO cost flow, (2) LIFO cost flow, and (3) weighted- average cost flow. Compute the income tax expense for each method. (Round intermediate calculations to 3 decimal places. Round your final answers to the nearest whole dollar amount.) Cost of Goods Sold WALL'S CHINA SHOP Computation of Income Tax Expense and Net Income FIFO LIFO < 0 0 Req B2 T Acccounts Ending Inventory 0 $ Rag A 0 0 0 Req 83: General Journal Weighted Average $ 0 0 Reg B3 T Accounts 0 Req B1 General Journal >
Complete this question by entering your answers in the tabs below. i Req A i View transaction list View journal entry worksheet No 1 2 3 Record the above transactions in general journal form assuming FIFO cost flow. Assume perpetual inventory system is used. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round intermediate calculations to 31 decimal places. Round your final answers to the nearest whole dollar amount.) 4 Req B1 General Journal 5 6 Event 01 02 3a 3b Req B1 T Accounts 04 05 Merchandise inventory Merchandise inventory Cash Req B2 General Journal Cost of goods sold Salaries expense Income tax expense Req B2 T Acccounts General Journal < Req A Req B3 General Journal Req B3 T Accounts Debit Req B1 T Accounts > 11,160 20,705 82,990 13,800 Req C 49,794 Credit ******** Humor
S calculations to 3 decimal places. Round your final answers to the nearest whole dollar amount.) Merchandise Inventory Beg. Bal End. Bal Beg. Bal End. Bal Beg. Bal End, Bal Beg. Bal End. Bal Cash Common Stock Sales Revenue Salaries Expense Beg. Bal End. Bal Beg. Bal End. Bal Beg. Bal End. Bal Beg. Bal End. Bal < Req B1 General Journal Prev Retained Earnings Cost of Goods Sold Income Tax Expense Req B2 General Journal > Next
es Req A View transaction list Req B1 General Journal < Journal entry worksheet 1 Record the above transactions in general journal form assuming LIFO cost flow. Assume perpetual inventory syst is required for a transaction/event, select "No journal entry required" in the first account field. Round intermediat decimal places. Round your final answers to the nearest whole dollar amount.) 2 Event 01 Req B1 T Accounts 3 Note: Enter debits before credits. Record entry Req B2 General Journal 4 5 Record first purchase of merchandise inventory for cash. General Journal Req B2 T Acccounts 6 Clear entry Req B3 General Journal Debit Req B3 T Accounts Credit Req C View general journal
15 points eBook Print References Mc Req A Beg. Bal End. Bal Beg. Bal End, Bal Beg. Bal End. Bal Req B1 General Journal Record the Year 2 transactions in T-accounts assuming LIFO cost flow. Assume perpetual inventory system is used. (Round intermediate calculations to 3 decimal places. Round your final answers to the nearest whole dollar amount.) Merchandise Inventory Beg. Bal Req B1 T Accounts Cash Common Stock Sales Revenue Req B2 General Journal Salaries Expense Req B2 T Acccounts Beg. Bal End, Bal Beg. Bal End. Bal Beg Bal End. Bal Beg. Bal Req 83 General Journal Deni Retained Earnings Req B3 T Accounts Cost of Goods Sold Income Tax Expense 1 nf ::: # Req C Next
1 its eBook Print References Req A Req B1 General Journal Journal entry worksheet Req B1 T Accounts 2 Event 01 Note: Enter debits before credits. Record the above transactions in general journal form assuming weighted-average cost flow. Assume perpetual inventory system is used. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round intermediate calculations to 3 decimal places. Round your final answers to the nearest whole dollar amount.) View transaction list Record entry 4 Req B2 General Journal 5 Record first purchase of merchandise inventory for cash. General Journal Req B2 T Acccounts 6 Clear entry Req B3 General Journal Debit Req B3 T Accounts Credit Req C View general journal
ook Print O erences Req A Beg Bal End. Bal Beg. Bal End. Bal Beg. Bal End. Balt Req B1 General Journal Record the Year 2 transactions in T-accounts assuming weighted-average cost flow. Assume perpetual inventory system is used. (Round intermediate calculations to 3 decimal places, Round your final answers to the nearest whole dollar amount.) Beg. Bal Reg 81 T Accounts Cash Common Stock Sales Revenue Req B2 General Journal Salaries Expense Req B2 T Acccounts Beg. Bal End. Bal Beg. Bal End. Bal Beg Bal End. Bal Req B3 General Journal Beg Ball Req B3 T Accounts Merchandise Inventory Retained Earnings Cost of Goods Sold Reg C Income Tax Expense
es Assets Total assets Stockholders' equity Income Statements For Year Ended December 31, Year 2 FIFO Total stockholders' equity WALL'S CHINA SHOP Balance Sheets As of December 31, Year 2 FIFO $ $ WALL'S CHINA SHOP Statements of Cash Flows 0 0 0 $ 0 $ 0 $ LIFO LIFO Prev 0 0 $ 0 0 $ Weighted Average Weighted Average $ 1 of 1 0 0 0 0 www www Next