3 years ago

Following are the transactions and adjustments that occurred during the first year of operations at Kissick Co.

Business

1 answer:

matrenka [14]3 years ago

6 0

Answer:

signed a 10% note due in three years.

C. Incurred and paid $410,000 in salaries for the year.

D. Purchased $730,000 of merchandise inventory on account during the year.

E. Sold inventory costing $590,000 for a total of $910,000, all on credit.

F. Paid rent of $220,000 on the sales facilities during the first 11 months of the year.

G. Purchased $190,000 of store equipment, paying $52,000 in cash and agreeing to pay the difference within 90 days.

H. Paid the entire $138,000 owed for store equipment and $630,000 feel feel guy guess join

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4 years ago

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I hope my answer helps you

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