Perpetual Inventory System Assignment | Top Universities

Exercise 5-5 Olaf Corp. uses a perpetual inventory system. The company had the following Inventory transactions in April: April 3 6 7 8 30 Purchased merchandise from Whispering Winds Ltd. for 126,800, terms 1/10, 1/30, POB shipping point The appropriate company paid freight costs of $120 on the merchandise purchased on April Purchased supplies on account for $4,930. Returned damaged merchandise to Whispering Winds and was given a purchase allowance of $2,700.
Top Universities
The merchandise was repaired by Whispering Winds and return Paid the amount due to Whispering Winds in full. 1. The cost of the merchandise soldiers in April was $19,50 2. The cost of the merchandise returned in April was $2,300 3. whispering Winds uses a perpetual inventory system. Your answer is partially correct. Try again. Record the transactions in the books of Whispering Wires. (Creall run whes are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select “No Entry”For he accounts titless and enters for the amounts.) Date Account Titles and Explanation Credit for. 3 Accounts Receivable TCash 5930 (To record credit sale! cost of Goods Sold 26300 T 26000 Inventory (To record cost of merchandise sold Inventory Accounts Payable Soples Accounts Payable STANDARD VIEW Accounts Payable Inventory (To record return of goods) inventory Accounts Payable (To record cost of merchandise returned) zu Tech Account Receivable 26800 SHOW UTST OF ACCOUNTS LINK TO TEXT Your answer is partially correct. Try again Assume that whispering winds received the balaron due from Olat on April 12 instead of April 20. are the journal entry to record this collection on whispering Winds books. (Credit account titles a not indent manually. Il nostra is required, select “No Entry” for the entities and enter for the amounts. Round answers to the nearest whole dollar eg 5.725) u automatically indented when the amount is entered Date Act Titles and Explanation Credit Apr. 12 Sales Discount Trash Accounts Recente. Get Accounting Homework Help Today

Don't use plagiarized sources. Get Your Assignment on
Perpetual Inventory System Assignment | Top Universities
Just from $13/Page
Order Now
Calculate your paper price
Pages (550 words)
Approximate price: -

Why Choose Us

Quality Papers

At Myhomeworkwriters.com, we always aim at 100% customer satisfaction. As such, we never compromise o the quality of our homework services. Our homework helpers ensure that they craft each paper carefully to match the requirements of the instruction form.

Professional Academic Writers

With Myhomeworkwriters.com, every student is guaranteed high-quality, professionally written papers. We ensure that we hire individuals with high academic qualifications who can maintain our quality policy. These writers undergo further training to sharpen their writing skills, making them more competent in writing academic papers.

Affordable Prices

Our company maintains a fair pricing system for all academic writing services to ensure affordability. Our pricing system generates quotations based on the properties of individual papers.

On-Time delivery

My Homework Writers guarantees all students of swift delivery of papers. We understand that time is an essential factor in the academic world. Therefore, we ensure that we deliver the paper on or before the agreed date to give students ample time for reviewing.

100% Originality

Myhomeworkwriters.com maintains a zero-plagiarism policy in all papers. As such, My Homework Writers professional academic writers ensure that they use the students’ instructions to deliver plagiarism-free papers. We are very keen on avoiding any chance of similarities with previous papers.

Customer Support 24/7

Our customer support works around the clock to provide students with assistance or guidance at any time of the day. Students can always communicate with us through our live chat system or our email and receive instant responses. Feel free to contact us via the Chat window or support email: support@myhomeworkwriters.com.

Try it now!

Calculate the price of your order

You will get a personal manager and a discount.
We'll send you the first draft for approval by at
Total price:
$0.00

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Homework Writing Services

My Homework Writers holds a reputation for being a platform that provides high-quality homework writing services. All you need to do is provide us with all the necessary requirements of the paper and wait for quality results.

Essays

Essay Writing Services

At My Homework Writers, we have highly qualified academic gurus who will offer great assistance towards completing your essays. Our homework writing service providers are well-versed with all the aspects of developing high-quality and relevant essays.

Admissions

Admission and Business Papers

With Myhomeworkwriters.com, we will help you secure a position at your desired institution. Our essay writing services include the crafting of admissions papers. We will still help you climb your career ladder by helping you write the official papers that will help you secure a job. We will guide you on how to write an outstanding portfolio or resume.

Editing

Editing and Proofreading

Myhomeworkwriters.com has a professional editorial team that will help you organize your paper, paraphrase it, and eliminate any possible mistakes. Also, we will help you check on plagiarism to ensure that your final paper posses quality and originality.

Coursework

Technical papers

My Homework Writers harbors professional academic writers from diverse academic disciplines. As such, we can develop homework writing services in all academic areas. The simplicity or complexity of the paper does not affect the quality of homework writing services.