Exercise 06.06 – Bingerton Industries
Financial Accounting
Spiceland, Thomas, and Herrman
05th Edition and 06th Edition
Record transactions for the purchase and sale of inventory.
Calculator Preview
Your numbers will vary.
Record transactions for the purchase and sale of inventory.
Your numbers will vary.
Record transactions for the purchase, return, and sale of inventory.
Your numbers will vary.
With the purchase inventory on account at a discount… record both the purchase and the payment.
Your numbers will vary.
Record transactions and payment. Inventory, accounts payable, cost goods sold, revenue, etc.
Your numbers will vary.
Record transactions of Sundance Systems. Inventory, accounts payable, cost of goods sold, sales revenue, etc.
Your numbers will vary.
Given a list of transactions… record the transactions for both GameGirl and DS Unlimited using perpetual inventory.
Your numbers will vary.
Calculate the total cost of ending inventory. Record any adjustments and explain.
Your numbers will vary.
Calculate the total cost of ending inventory, and ending inventory. Record any adjustment, explain.
Your numbers will vary.
Calculate cost of goods, the inventory turnover, average days in inventory. Explain.
Your numbers will vary.
Calculate gross profit, operating income, income before income taxes, and net income.
Your numbers will vary.