Exercise 06.07 – Staley Electronics
Financial Accounting
Spiceland, Thomas, and Herrman
05th Edition and 06th Edition
Record transactions for the purchase, return, and sale of inventory.
Record transactions for the purchase, return, and sale of inventory.
Record transactions of Sundance Systems. Inventory, accounts payable, cost of goods sold, sales revenue, etc.
Calculate the total cost of ending inventory. Record any adjustments and explain.
Calculate the total cost of ending inventory, and ending inventory. Record any adjustment, explain.
Record the transactions and the period-end adjustment to cost of goods.