In one whole sheet of paper answer the following exercises on you book.

Provide proper solution and encircle your final

answer. No solutions, no points. Scan your answers (there are free
scan app) appreciate in PDF format for easy checking.

A. Chapter 10  (46 pts)

1.  Problem 10-3 (2 pts) - LUMINOUS COMPANY
2. Problem 10-5 (12 pts) - WINTER COMPANY
   Requirement:  Only COMPANY A, Provide Journal Entries under different methods
for three transaction scenarios On the date of Purchase, If paid within Discount Period,
If Paid Beyond the Discount Period.

     
Paid within Discount Paid beyond Discount
Upon Purchase
Period Period
Gross Method (Periodic)
Gross Method
(Perpetual)
Net Method (periodic)
Net Method (perpetual)

3. Problem 10-6 (20 pts) Only Requirement A - AUTUMN COMPANY

4. Problem 10 -9 (2pts) - HERO COMPANY
5. Problem 10-10 (2pts) - EMPTY COMPANY
6. Problem 10-11 (2pts) - DIGNITY COMPANY
7. Problem 10-12 (2pts) - KINDNESS COMPANY
8. Problem 10-14 (2 pts) - KEW COMPANY
9. Problem 10-15 (2pts) - BLACK COMPANY
 
CHAPTER 11 - 22 pts
1. Problem 11-4 (20 pts). Disregard the requirement on the book. - GROSS
COMPANY
 Requirements: Compute the Cost of Ending Inventory and Cost of Goods Sold under
the following Methods (Encircle your final answer, provide proper solutions)
               a. FIFO (periodic).    b. FIFO (perpetual).  c. WA (periodic).     d. (WA
(perpetual)

2.  Problem 11-17 (2pts) - JAILBIRD COMPANY

CHAPTER 12 - 22 PTS
3. Problem 12-2 (12 pts) - PRIME COMPANY

 Compute the cost of inventory at the end of the period. Encricle your final answer (2 pts)
 Provide the Journal entry under Direct Method (5 pts)
 Provide the Journal entry under Allowance Method (5 pts)

4. Problem 12- 6 (10 pts). Answer the requirement A-E  - NAYSAYER COMPANY