An asterisk (*) will appear to the right of an incorrect entry. In part 1, only final inventory cost – Column K – will be graded.
1.
June 1 500 $30.00 15,000$
10
28
30
July 5
10
16
28
Aug. 5
14
25
30
31 Balances
2.
Debit Credit
3.
4.
5.
Score:
Key Code:
Answers are entered in the cells with gray backgrounds.
Unit
Cost
Total
Cost
Cells with non-gray backgrounds are protected and cannot be edited.
Description
Total
Cost
Quantity
Instructions
Unit
Cost
Gross profit for the sales period
Quantity
Ending inventory cost
Date
Purchases
Cost of Merchandise Sold
Inventory under LIFO would be
Quantity
Unit
Cost
Total
Cost
JOURNAL
Problem 6-1A
Name:
Section:
0%
[Key code here]
1.
June 1 500 $30.00 15,000$
2.
Debit Credit
483,800
Cost of Merchandise Sold
Cells with non-gray backgrounds are protected and cannot be edited.
An asterisk (*) will appear to the right of an incorrect entry. In part 1, only final inventory cost – Column K – will be graded.
Scoring:
Instructions
Answers are entered in the cells with gray backgrounds.
Accounts Receivable
JOURNAL
Description
Problem 6-1A
Name:
Solution
Section:
ON
Unit
Cost
Total
Cost
Unit
Cost
Total
Cost
Quantity
Unit
Cost
Total
Cost
Quantity
Date
Purchases
Cost of Merchandise Sold
Quantity