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c sun-I File Edit View Hislnry Bookmarks Widow Hdp a? m 4: mm Mon11:51AM q a E ( ‘/ m H courseherc.oom X . 0 fl – O – imathxlxzom + MBA—503vX4-144-1TTW4~WelSS Homework: 5-2 MyAccountingLab Assignment: Module Five Hon- Scora: 0 of 3 pts 4 29 0138(28 complete) v y HW Score: 74.6?%. 58 of 75 pts 86-1 (similar to) 55 Question Help {1’ Sheri, |nc., purchased inventory costing $125,000 and sold 80% of the goods for $190,000. All purchases and sales were on account. Sheri later mllected 25% ofthe accounts receivable. 1. Joumalize thxe transactions for Sheri. which uses the perpetual inventory syfiem. 2. For THEE transactions, show what Sheri wlll report tor inventory, revenues‘ and expenses on its financial statements at the end of the month. Report gram profit on the appropriate statement. 1. Juumalize these tIansaclions forSheri, which uses the perpetual inventory system. Joumalize the purchase of inventory (Record debits first, then credits. Exol ude explanations from any journal enln‘es.) Journal Choose from any llet or enter any number in the input fields and then click Check Answer. 6) ”“5 -— -l remelnlng CleerAll ChecKAnswer 1 b

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c sun-I File Edit View Hislnry Bookmarks Widow Hdp a? m 4: mm Mon11:51AM q a E ( ‘/ m H courseherc.oom X . 0 fl
– O – imathxlxzom +
MBA—503vX4-144-1TTW4~WelSS Homework: 5-2 MyAccountingLab Assignment: Module Five Hon- Scora: 0 of 3 pts 4 29 0138(28 complete) v y HW Score: 74.6?%. 58 of 75 pts 86-1 (similar to) 55 Question Help {1′ Sheri, |nc., purchased inventory costing $125,000 and sold 80% of the goods for $190,000. All purchases and sales were on account. Sheri later mllected 25% ofthe
accounts receivable. 1. Joumalize thxe transactions for Sheri. which uses the perpetual inventory syfiem. 2. For THEE transactions, show what Sheri wlll report tor inventory, revenues‘ and expenses on its financial statements at the end of the month. Report gram profit
on the appropriate statement. 1. Juumalize these tIansaclions forSheri, which uses the perpetual inventory system. Joumalize the purchase of inventory (Record debits first, then credits. Exol ude explanations from any journal enln‘es.) Journal Choose from any llet or enter any number in the input fields and then click Check Answer. 6) ”“5 -— -l
remelnlng CleerAll ChecKAnswer 1 b

 
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