Professional Documents
Culture Documents
Option #1: Venture Consultants, Power and Demolition Company, and Warnerwood Accoun
PART 1:
Date
1-Mar
2-Mar
3-Mar
6-Mar
9-Mar
12-Mar
19-Mar
22-Mar
25-Mar
29-Mar
30-Mar
30-Apr
$221,000
PART 2A
$221,000
Debit
Credit
1
2
3
4
5
6
7
8
PART 2B
Supply expense
Insurance expense
Depreciation expense
TOTALS
$324,700 $324,700
BE SURE TO CREATE A FINANCIAL STATEMENT FROM THE ABOVE ATB
PART 3
Warnerwood Company
Column-> A
B
C
D
E
F
Date
Activities # Units Bu Cost/unit #Units Sol Price/unit Cost GAS Sales
1-Mar BI
5-Mar TI
9-Mar TO
18-Mar TI
25-Mar TI
29-Mar TO
TOTAL
Q1. Units in Available for Sales is BI + TI (Column B)= Units (BI + TI) =
Q2. BI + TI - TO = EI=
820
minus
580
equals
Q3. FIFO
Q3. LIFO
Sales
COGS/Method
Gross Profit
240
Credit