ACC 422 Week 3 Wileyplus BE 10-10, Ex 10-3, Ex 10-13, Ex 11-6 Ex 11-15, Ex 11-24, Ex 12-1, Ex 12-4, Ex 12-14( with Excel File)
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the retail method can be caused by such items as( 1) freight-in costs,( 2) purchase returns and allowances,( 3) sales returns and allowances, and( 4) employee discounts. Explain how each of these four special items is handled in the retail inventory method. Related Tutorials ==============================================
ACC 422 Week 3 Wileyplus BE 10-10, Ex 10-3, Ex 10-13, Ex 11-6 Ex 11-15, Ex 11-24, Ex 12-1, Ex 12-4, Ex 12-14( with Excel File)
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This Tutorial contains Excel File which can be used to solve for any values Complete the following assignments in WileyPLUS: • Brief Exercise 10-10 • Exercise 10-3 • Exercise 10-13 • Exercise 11-6 • Exercise 11-15 • Exercise 11-15( Essay) • Exercise 11-24 • Exercise 12- 1 • Exercise 12-4 • Exercise 12-14( Part Level Submission) Brief Exercise 10-10 Larkspur Company traded a used welding machine( cost $ 10,620, accumulated depreciation $ 3,540) for office equipment with an estimated fair value of $ 5,900. Larkspur also paid $ 3,540 cash in the transaction. Prepare the journal entry to record the exchange.( The exchange has commercial substance.) Exercise 10-3 Whispering Corporation operates a retail computer store. To improve delivery services to customers, the company purchases four new trucks on April 1, 2017. The terms of acquisition for each truck are described below. 1. Truck # 1 has a list price of $ 31,350 and is acquired for a cash payment of $ 29,051. 2. Truck # 2 has a list price of $ 33,440 and is acquired for a down payment of $ 4,180 cash and a zero-interest-bearing note with a face amount of $ 29,260. The note is due April 1, 2018. Whispering would normally have to pay interest at a rate of 9 % for such a