Answer:
Item cash Net income
a Purchase of Supplies of cash -$100 -
b Adjusting entry for use of supplies - -$30
c Made sales on account - $1,250
Or
Made sales on account - $1,297
d Received cash from customer on acct $850 -
Or
Received cash from customer on acct $865 -
e Purchased equipment for cash -$2,600 -
Or
Purchased equipment for cash -$2,528 -
f Depreciation of building to be recorded - -$650
Or
Depreciation of building to be recorded - -$610
Simple answer....too break it down if there was no consumers there would be Stores open.
Definition of consumer is a person who purchases goods and services for personal use.
Answer:
880 blue ink pens
Explanation:
The computation of the inventory position is shown below:
= Current stock counted in the closet + already placed orders with the supplier
where,
Current stock counted in the closet is 220 blue ink pens
And, the already placed orders with the supplier is 600 blue ink pens
Now placing these values to the above formula
So, the inventory position is
= 220 blue ink pens + 600 blue ink pens
= 880 blue ink pens
