Professional Documents
Culture Documents
The Pet Store Experienced The Following Events For The 2018 PDF
The Pet Store Experienced The Following Events For The 2018 PDF
The Pet Store experienced the following events for the 2018 accounting period:
3. Received goods purchased in Event 2 FOB shipping point; freight cost of $900 paid in cash.
4. Sold inventory
GET THE ANSWER>> https://solutionlly.com/downloads/the-pet-store-experienced-the-
following-events-for-the-2018
The Pet Store experienced the following events for the 2018 accounting period:
3. Received goods purchased in Event 2 FOB shipping point; freight cost of $900 paid in cash.
5. Freight cost on the goods sold in Event 4 was $620. The goods were shipped FOB
destination.
6. Customer in Event 4 returned $4,200 worth of goods that had a cost of $2,150.
Required
a. Which of these events affect period (selling and administrative) costs? Which result in product
costs? If neither, label the transaction NA.
b. Record each event in a horizontal statements model like the following one. The first event is
recorded as an example.
1/2
GET THE ANSWER>> https://solutionlly.com/downloads/the-pet-store-experienced-the-
following-events-for-the-2018
2/2
Powered by TCPDF (www.tcpdf.org)