1) During the months of January, Pearson Corporation sold goods to customers. Assume Pearson
uses a perpetual inventory system.. The sequence of events was as follows:
Date
Transaction
Jan.6
Sold goods for $1440 to Kate Inc. with terms 2/15, n/30. The goods cost Pearson $516.
Jan 10
Sold goods to Randall Corp for $1950 with terms 1/15, n/30. The goods cost Pearson $821.
Jan 19
Collected cash due from Kate Inc.
What is the gross profit from these transactions?
2) During the months of January, Ava Corporation purchased goods from two suppliers. The
sequence of events was as follows:
Jan.
6
Purchased goods for $1360 from Noah with terms 2/10, n/30.
6
Purchased goods from Emma for $1070 with terms 2/10, n/30.
14
Paid Emma in full.
30
Paid Noah in full.
At the end of January, how will Ava's inventory increase by?
1) During the months of January, Pearson Corporation sold goods to customers. Assume
Pearson uses a perpetual inventory system.. The sequence of events was as follows:
Date Transaction
Jan.6 Sold goods for $1440 to Kate Inc. with terms 2/15, n/30. The goods cost Pearson $516.
Jan Sold goods to Randall Corp for $1950 with terms 1/15, n/30. The goods cost Pearson
10 $821.
Jan Collected cash due from Kate Inc.
19
What is the gross profit from these transactions?
2) During the months of January, Ava Corporation purchased goods from two suppliers. The
sequence of events was as follows:
Jan. 6 Purchased goods for $1360 from Noah with terms 2/10, n/30.
6 Purchased goods from Emma for $1070 with terms 2/10, n/30.
14 Paid Emma in full.
30 Paid Noah in full.
At the end of January, how will Ava's inventory increase by?.
Simple, Complex, and Compound Sentences Exercises.pdf
1) During the months of January- Pearson Corporation sold goods to cus.pdf
1. 1) During the months of January, Pearson Corporation sold goods to customers. Assume Pearson
uses a perpetual inventory system.. The sequence of events was as follows:
Date
Transaction
Jan.6
Sold goods for $1440 to Kate Inc. with terms 2/15, n/30. The goods cost Pearson $516.
Jan 10
Sold goods to Randall Corp for $1950 with terms 1/15, n/30. The goods cost Pearson $821.
Jan 19
Collected cash due from Kate Inc.
What is the gross profit from these transactions?
2) During the months of January, Ava Corporation purchased goods from two suppliers. The
sequence of events was as follows:
Jan.
6
Purchased goods for $1360 from Noah with terms 2/10, n/30.
6
Purchased goods from Emma for $1070 with terms 2/10, n/30.
14
Paid Emma in full.
30
Paid Noah in full.
At the end of January, how will Ava's inventory increase by?
1) During the months of January, Pearson Corporation sold goods to customers. Assume
2. Pearson uses a perpetual inventory system.. The sequence of events was as follows:
Date Transaction
Jan.6 Sold goods for $1440 to Kate Inc. with terms 2/15, n/30. The goods cost Pearson $516.
Jan
10
Sold goods to Randall Corp for $1950 with terms 1/15, n/30. The goods cost Pearson
$821.
Jan
19
Collected cash due from Kate Inc.
What is the gross profit from these transactions?
2) During the months of January, Ava Corporation purchased goods from two suppliers. The
sequence of events was as follows:
Jan. 6 Purchased goods for $1360 from Noah with terms 2/10, n/30.
6 Purchased goods from Emma for $1070 with terms 2/10, n/30.
14 Paid Emma in full.
30 Paid Noah in full.
At the end of January, how will Ava's inventory increase by?
