a

b
 account receivable $ 10,000
sales revenue $ 10,000
10/3/2019
cost of goods sold $ 6,000
inventory $ 6,000

Sales Returs and Allowance $ 300

Account Receivable $ 300
25/3/2019
Returned Inventory $ 180
Returned Cost Of Goods Sold $ 180

Sales Returns and Allowance $ 200

Allowance for Sales Returns and Allowance $ 200
31/3/2019
Estimated Inventory Returns $ 120
Cost Of Goods Slod $ 120

Steele Company Income Statement for the month of March 2019

Sales Revenue $ 10,000
Less : Sales Returns and Allowance ($ 300 + $ 200) $ 500
Net Sales $ 9,500
Cost of Goods Sold ((200 - 10) x $ 30) atau ($6.000 - $180 - $120) $ 5,700
Gross Profit $ 3,800

Steeele Company Statement of Financial Positions as of March 31, 2019

Account Variable ($ 10.000 - $ 300) $ 9,700
Less : Allowance for Sales Returns and Allowances $ 200

Account Receivable (net) $ 9,500

Returned Inventory (Including Estimated) (10 * $30) atau ($ 180 - $ 120) $ 300
a Account Receivable $ 6,000
Sales Revenue $ 6,000
2/10/2019
Cost Of Goods Sold $ 3,600
Inventory $ 3,600

Sales Returs and Allowance $ 400

16/10/2019
Account Receivable $ 400

Sales Returns and Allowance $ 250

31/102019
Allowance for Sales Returns and Allowance $ 250

b Laplante Company Income Statement for the month of October 2019

Sales Revenue $ 6,000
Less : Sales Returns and Allowance ( $ 400 + $ 250) $ 650
Net Sales $ 5,350
Cost of Goods Sold $ 3,600
Gross Profit $ 1,750
 E18-22

a Cash $ 40,000
1/7/2019
Liability to Enyart Company $ 40,000

b Interest Expense $ 1,200

31/12/2019
Liability to Enyart Company $ 1,200

c Interest Expense $ 1,200

Liability to Enyart Company $ 1,200
30/6/2020
Liability to Enyart Company $ 42,400
Cash $ 42,400
Diketahui :
Consignor : Eisler Company
consignee : Remmers Company

consignor transfer 80 freezers 80 frezer cost : $ 500 each

80 frezer $ 40,000
Freight Cost $ 840
cost 80 freezer $ 40,840

40 sold : $ 750 each

commission 6%
advertising $ 200
installation $ 320 on freezers sold

a inventory value of the units unsold in the hands of the consignee.

Inventoriable cost
beginning inventory transferred (80 x $ 500) $ 40,000
Freight Cost $ 840
Cost 80 Freezer $ 40,840
Each cost $ 511

Inventory Value Cost unsold in the hand of Consignee

Beginning Inventory Consignee 80
Less : Sold Inventory 40
Inventory In The Hands Consignee 40
Value Of inventory In the hands $ 20,420

b profit for the consignor for the units sold

sales revenue (40 x $ 750) $ 30,000
COGS (40 x $ 511) $ 20,420
Commision For Consignee 6 % $ 1,800
Advertising $ 200
Instalation $ 300
Amount $ 22,720
Profit For Consignor $ 7,280

c Amount of Cash Remitted For Consignee

Sales Revenue $ 30,000
Commission 6 % $ 1,800
Advertising $ 200
Installation $ 300
Amount $ 2,300
Cash Transfer For Consignor $ 27,700