ll vodafone TR C 12:17 %68


ll vodafone TR<br>C 12:17<br>%68<br><Вack<br>Open in Safari<br>о Jan Tr: Prерaid one-year<br>insurance, $3,600.<br>o Jan 12: Sold 500 units of goods<br>to Shine Company for $50,000<br>($100 each) on account with<br>terms 5/10, n/30.<br>o Jan 14: Received 50 units of<br>goods back from Shine Company<br>(Returned goods are from $47 of<br>cost each).<br>o Jan 15: Received payment from<br>Shine Company, settling the<br>amount due in full.<br>o Jan 20: Sold 70 units on account,<br>$7,000 ($100 each) for cash to<br>Bridget Company, n/30.<br>o Jan 26: Owner withdrew cash of<br>5,000$<br>o Jan 27: Purchased supplies for<br>cash of $3,000.<br>Requirements:<br>1. Journalize January transactions.<br>2. Prepare FIIFO schedule to<br>calculate the Cost of Goods<br>Sold (COGS) on the Jan 12th,<br>and 20th.<br>27<br>Home<br>Courses<br>Tasks<br>Calendar<br>Messages<br>

Extracted text: ll vodafone TR C 12:17 %68 <вack open="" in="" safari="" о="" jan="" tr:="" prерaid="" one-year="" insurance,="" $3,600.="" o="" jan="" 12:="" sold="" 500="" units="" of="" goods="" to="" shine="" company="" for="" $50,000="" ($100="" each)="" on="" account="" with="" terms="" 5/10,="" n/30.="" o="" jan="" 14:="" received="" 50="" units="" of="" goods="" back="" from="" shine="" company="" (returned="" goods="" are="" from="" $47="" of="" cost="" each).="" o="" jan="" 15:="" received="" payment="" from="" shine="" company,="" settling="" the="" amount="" due="" in="" full.="" o="" jan="" 20:="" sold="" 70="" units="" on="" account,="" $7,000="" ($100="" each)="" for="" cash="" to="" bridget="" company,="" n/30.="" o="" jan="" 26:="" owner="" withdrew="" cash="" of="" 5,000$="" o="" jan="" 27:="" purchased="" supplies="" for="" cash="" of="" $3,000.="" requirements:="" 1.="" journalize="" january="" transactions.="" 2.="" prepare="" fiifo="" schedule="" to="" calculate="" the="" cost="" of="" goods="" sold="" (cogs)="" on="" the="" jan="" 12th,="" and="" 20th.="" 27="" home="" courses="" tasks="" calendar="">
ll vodafone TR<br>C 12:17<br>%68<br>( Back<br>Open in Safari<br>During January 2016, UPM Company<br>completed the following transactions.<br>Beginning inventory as of January 1 include<br>150 units $40 each which totals $6,000:<br>o Jan 2: Purchased 300 units of<br>inventory for 13,500$ from<br>Happy Company, on terms, 3/20,<br>n/60.<br>o Jan 4: Purchased 150 units of<br>inventory from Maids Company<br>on account with terms 2/5, n/30.<br>Total invoice includes $6,800<br>plus $250 freight charges.<br>o Jan 5: Paid total salary of the<br>December 2015, 27,000$.<br>o Jan 10: Paid to Maids Company.<br>o Jan 11: Prepaid one-year<br>insurance, $3,600.<br>o Jan 12: Sold 500 units of goods<br>to Shine Company for $50,000<br>($100 each) on account with<br>terms 5/10, n/30.<br>o Jan 14: Received 50 units of<br>goods back from Shine Company<br>(Returned goods are from $47 of<br>cost each).<br>o Jan 15: Received payment from<br>Shine Company, settling the<br>amount due in full.<br>o Jan 20: Sold 70 units on account,<br>$7,000 ($100 each) for cash to<br>Bridget Company, n/30.<br>o Jan 26: Owner withdrew cash of<br>5,000$<br>27<br>Home<br>Courses<br>Tasks<br>Calendar<br>Messages<br>

Extracted text: ll vodafone TR C 12:17 %68 ( Back Open in Safari During January 2016, UPM Company completed the following transactions. Beginning inventory as of January 1 include 150 units $40 each which totals $6,000: o Jan 2: Purchased 300 units of inventory for 13,500$ from Happy Company, on terms, 3/20, n/60. o Jan 4: Purchased 150 units of inventory from Maids Company on account with terms 2/5, n/30. Total invoice includes $6,800 plus $250 freight charges. o Jan 5: Paid total salary of the December 2015, 27,000$. o Jan 10: Paid to Maids Company. o Jan 11: Prepaid one-year insurance, $3,600. o Jan 12: Sold 500 units of goods to Shine Company for $50,000 ($100 each) on account with terms 5/10, n/30. o Jan 14: Received 50 units of goods back from Shine Company (Returned goods are from $47 of cost each). o Jan 15: Received payment from Shine Company, settling the amount due in full. o Jan 20: Sold 70 units on account, $7,000 ($100 each) for cash to Bridget Company, n/30. o Jan 26: Owner withdrew cash of 5,000$ 27 Home Courses Tasks Calendar Messages

Jun 10, 2022
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