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3 years ago

The following information is available for the Johnson Corporation:

Business

1 answer:

mestny [16]3 years ago

7 0

Answer:

Perpetual Inventory System:

1) Dr Inventory 157,000

Cr Accounts Payable 157,000

2) Dr Inventory 12,000

Cr Cash 12,000

3)Dr Accounts Payable 14,000

Cr Inventory 14,000

4) Dr Accounts Receivable 252,000

Cr Sales Revenue 252,000

5) Dr Cost of Goods Sold 150,000

Cr Inventory 150,000

6) No entry

Periodic Inventory System:

1)Dr Purchases 157,000

Cr Accounts Payable 157,000

2) Dr Freight - in 12,000

Cr Cash 12,000

3) Dr Accounts Payable 14,000

Cr Purchase Returns 14,000

4) Dr Accounts Receivable 252,000

Cr Sales Revenue 252,000

5) No entry

6) Dr Cost of Goods Sold 150,000

Dr Ending Inventory 32,000

Dr Purchase Returns 14,000

Cr Beginning Inventory $27,000

Cr Purchases 157,000

Cr Freight - in $12,000

Explanation:

Preparation of the journal entries that summarize the transactions that created these balances. Include all end-of-period adjusting entries indicated.

PERPETUAL INVENTORY SYSTEM:

1) Dr Inventory 157,000

Cr Accounts Payable 157,000

(To record the purchase of inventory on account)

2) Dr Inventory 12,000

Cr Cash 12,000

(To record the payment of freight charges by cash)

3)Dr Accounts Payable 14,000

Cr Inventory 14,000

(To record the return of inventory purchased on account)

4) Dr Accounts Receivable 252,000

Cr Sales Revenue 252,000

(To record the sales made on account)

5) Dr Cost of Goods Sold 150,000

Cr Inventory 150,000

(To record the cost of goods sold)

6) No entry

PERIODIC INVENTORY SYSTEM:

1)Dr Purchases 157,000

Cr Accounts Payable 157,000

(To record the purchase of inventory on account)

2) Dr Freight - in 12,000

Cr Cash 12,000

(To record the payment of freight charges by cash)

3) Dr Accounts Payable 14,000

Cr Purchase Returns 14,000

(To record the return of inventory purchased on account)

4) Dr Accounts Receivable 252,000

Cr Sales Revenue 252,000

(To record the sales made on account)

5) No entry

6) Dr Cost of Goods Sold 150,000

Dr Ending Inventory 32,000

Dr Purchase Returns 14,000

Cr Beginning Inventory $27,000

Cr Purchases 157,000

Cr Freight - in $12,000

(To record the adjusting entry for inventory)

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Answer:

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The Missing Amounts are underlined and in bold text

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4 years ago

Puto pueros libros __________. i think that the boys read (present tense) the books. entry 1: point value: 3.0 points question 2

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As I see, your topic is Latin infinitives. You have to choose between these verbs: legere, legisse, lecturos esse, lecturas esse, legi, lectos esse, lectas esse. I've put verbs from English and Latin versions in bold, to show how it translates.

1. Referring to the English translation: "I think that the boys read the books.", correctly completed sentence looks like this: Puto pueros libros legere. Legere = read or I/he/she/it am/is reading. Because it is present tense.

2. According to the English translation: "I think that they will read the letters.", the sentence should be completed like this: Puto eos litteras lecturos esse. As you see Lecturos esse translates like will read or be reading (future tense).

3. "I think that the girls are reading the books.", so the sentence should be completed like this: Puto puellas libros legere. As I've mentioned it before, in the cases of present simple it translates as are reading or read.

4. According to this translation: "I thought that the students were reading the books.", the sentence can be completed like this: Putavi discipulos libros legere. (Past tense).

5. The English version is: I thought that the soldiers had read the books. So the Latin version should be completed like this: Putavi milites libros legisse. (introductory perfect verb).

6. We know that the English version is: I think that the letters are being read by the boys. So the Latin version will be: Puto litteras a pueris legi. (are read or are being read.

7. If the English translation is: I think that the girls will read the books. The Latin one will be: Puto puellas libros lecturas esse. (Notice that this one is the same as the second sentence, but feminine).

8. We have English version of the sentence, that is: I think that the letters have been read by them. So the Latin one should be translated like this: Puto litteras a eis lectas esse.

9. Here we've got English translation:
I thought that the books had been read by the soldiers. The Latin version should be completed like this: Putavi libros a militibus lectos esse.

10. According to the English translation: "I thought that the books were being read by the soldiers.", the Latin version should be completed like this: Putavi libros a militibus legi.

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3 years ago