![]() The invoice revealed that the merchandise was shipped from the supplier on December 28, 2016, f.o.b. Merchandise costing $6,000 was received and recorded as a purchase on January 8, 2017. A purchase was not recorded and the merchandise was not included in 2016 ending inventory. ![]() Merchandise costing $4,000 was received on December 28, 2016, on consignment from the Aborn Company. The goods, which arrived at the customer's location on January 4, 2017, were not included in Rasul's 2016 ending inventory. On December 29, 2016, the company shipped merchandise costing $12,000 to a customer f.o.b. The invoice revealed that the shipment was made f.o.b. On January 5, 2017, merchandise costing $8,000 was received from a supplier and recorded as a purchase on that date and not included in the 2016 ending inventory. The merchandise was not included in the 2016 ending inventory. The shipment arrived at Myers's location on December 29, but none of the merchandise was sold by the end of the year. On December 27, 2016, merchandise costing $2,000 was shipped to the Myers Company on consignment. The following inventory transactions took place near December 31, 2016, the end of the Rasul Company's fiscal year-end:
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |