Entries by mary WAMBUGU

Alpha Company uses the periodic inventory system and had the following inventory & sales activity for the month of May 2016: Date Activity

Alpha Company uses the periodic inventory system and had the following inventory & sales activity for the month of May 2016: Date Activity Quantity Unit Price 5/1 Beginning Inventory 175 $10 5/5 Purchase 200 $12 5/15 Purchase 300 $15 5/25 Purchase 150 $16 Sales were 545 units at $25.  Using the FIFO method, determine the dollar […]

 

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Bus System is accounted for in an enterprise fund. Delight City Bus System had the following transactions for 2015. 1. Delight City Bus System issued $10,000,000 is 8 percent revenue bonds.

Bus System is accounted for in an enterprise fund. Delight City Bus System had the following transactions for 2015. Delight City Bus System issued $10,000,000 is 8 percent revenue bonds. The bonds were issued at par. Delight City Bus System used the proceeds from the bond issue to acquire new buses. Delight City Bus System […]

 

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Edgerton William County has a duplication service center that it accounts for in an internal service fund. During 2015 Edgerton County duplication service center had the following transactions:

Edgerton William County has a duplication service center that it accounts for in an internal service fund. During 2015 Edgerton County duplication service center had the following transactions: 1.  The general fund made an initial cash contribution of $35,000 to the internal service fund.                2. The Edgerton County duplication service center purchased copiers that […]

 

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Alpha Company uses the periodic inventory system and had the following inventory & sales activity for the month of May 2016: Date Activity

Alpha Company uses the periodic inventory system and had the following inventory & sales activity for the month of May 2016: Date Activity Quantity Unit Price 5/1 Beginning Inventory 175 $10 5/5 Purchase 200 $12 5/15 Purchase 300 $15 5/25 Purchase 150 $16 Sales were 545 units at $25.  Using the FIFO method, determine the dollar […]

 

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