Reference no: EM132856561
At the beginning of the current season on April 1, the records of Whispering Winds Pro Shop showed Cash $3,070, Inventory $3,500, and Common Stock $6,570. The following transactions occurred during April 2017.
Apr. 5 Purchased golf bags, clubs, and balls on account from Arnie Co. $1,800.
Apr 9 Received credit from Arnie Co. for merchandise returned $400.
Apr 10 Sold merchandise on account to members $1,230. The merchandise sold had a cost of $750.
Apr 12 Purchased golf shoes, sweaters, and other accessories on account from Woods Sportswear $1,070.
Apr 14 Paid Arnie Co. in full.
Apr 17 Received credit from Woods Sportswear for merchandise returned $70.20Made sales on account to members $890. The cost of merchandise sold was $550.
Apr 21 Paid Woods Sportswear in full.
Apr 30Received payments on account from members $1,270.
Problem 1: Prepare a tabular summary that includes the following accounts: Cash, Accounts Receivable, Inventory, Accounts Payable, Common Stock, Sales Revenue, Sales Returns and Allowances, and Cost of Goods Sold. Enter the beginning balances in the summary.
|
Find the depreciation expense for the machinery is
: Find the depreciation expense for this machinery is? Detroit decided the estimated useful life of this machinery was only eight years.
|
|
What was the company operating cash flow
: What was the company's operating cash flow? During the year, the Senbet Discount Tire Company had gross sales of $1.15 million.
|
|
Investors and creditors or financial statement ratios
: Investors and creditors are typically not interested in the same thing. Decide whether you are an investor or creditor.
|
|
What is the operating cash flow created each year
: What is the operating cash flow created each year by purchasing this machine? You are considering the purchase of a new machine that will cost $200,000.
|
|
Prepare a tabular summary that includes the cash accounts
: Prepare a tabular summary that includes the following accounts: Cash, Accounts Receivable, Inventory, Accounts Payable, Common Stock
|
|
What percentage of individuals have a z-score
: The results from a statistics class' first exam are as follows: The average grade obtained on the exam by its 25 students is an 83, with a standard deviation of
|
|
Define in detail the communication approach
: Define in detail the communication approach (audiences, frequencies, mechanisms, and exceptions) you will take to share risk updates.
|
|
Delivery of prototype from vendor
: One of the risks you anticipated for the project was the late delivery of the prototype from the vendor. What would that opportunity be?
|
|
Analyze sales of a national retailer
: A researcher wants to include the variable "US State" in a multiple regression to analyze sales of a national retailer.
|