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Accounting

1.Putter's Paradise carries an inventory of putters and other golf clubs. The sales price of each putter is $126. Company records indicate the following for a particular line of Putter's Paradise's putters: (Click the icon to view the records.) Read the requirements. Requirement 1. Prepare Putter's Paradise's perpetual inventory record for the putters assuming Putter's Paradise uses the weighted-average inventory posting method. Round weighted-average cost per unit to the nearest cent and all other amounts to the nearest dollar. Then identify the cost of ending inventory and cost of goods sold for the month. Start by entering the beginning inventory balances. Enter the transactions in chronological order, calculating new inventory on hand balances after each transaction. Once all of the transactions have been entered into the perpetual record, calculate the quantity and total cost of Inventory purchased, sold, and on hand at the end of the period. Purchases Cost of Goods Sold Inventory on Hand i Requirements -X Unit Total Unit Total Unit Total Date Quantity Cost Cost Quantity Cost Cost Quantity Cost Cost Apr. 1 1. Prepare Putter's Paradise's perpetual inventory record for the putters assuming Putter's Paradise uses the weighted-average inventory costing method. Round 6 Data Table ? weighted average cost per unit to the nearest cent and all other amounts to the nearest dollar. Then identify the cost of ending inventory and cost of goods sold for the month. 2. Journalize Putter's Paradise's inventory transactions using the weighted average inventory costing method. (Assume purchases and sales are made on account.)

2.The general ledger of Pipers Plumbing at January 1, 2021, Includes the following account balances: Credits Debits $ 3,850 8,850 2,850 23,000 Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Utilities Payable Deferred Revenue Common Stock Retained Earnings Totals $ 5,400 3,400 4,400 0 16,500 8,850 $38,550 $38,550 The following is a summary of the transactions for the year: 1. January 24 Provide plumbing services for cash, $13,500, and on account, $58,500. 2. March 13 Collect on accounts receivable, $46,500. 3. May 6 Issue shares of common stock in exchange for $11,000 cash. 4. June 30 Pay salaries for the current year, $31,700. 5. September 15 Pay utilities of $4,400 from 2020 (prior year). 6. November 24 Receive cash in advance from customers, $7,400. 7. December 30 Pay $1,700 cash dividends to stockholders.
Depreciation for the year on the machinery is $5,400. Plumbing supplies remaining on hand at the end of the year equ $1,100. Of the $7,400 paid in advance by customers, $5,700 of the work has been completed by the end of the year. Accrued utilities at year-end amounted to $7,300. Problem 3-8B Part 7 7. Prepare an adjusted trial balance. Answer is not complete. Credit PIPERS PLUMBING Adjusted Trial Balance December 31, 2021 Accounts Debit Cash $ 3,850 Accounts Receivable 8,850 Supplies 2,850 x Equipment 23,000 Accumulated Depreciation Accounts Payable 10,800 3,400

equired" in the first account field.) View transaction list View journal entry worksheet No Date General Journal Debit Credit 1 December 31 5,400 Depreciation Expense Accumulated Depreciation 5,400 2 December 31 1,750 Supplies Expense Supplies 1,750 3 December 31 5,700 Deferred Revenue Service Revenue 5,700 December 31 7,300 Utilities Expense Utilities Payable 7,300.

3. As an aid to memory, it’s a good idea to have repetition in your presentation. Think of your presentation as having: an _________that previews, a body that __________, and a ______ that reviews.

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6. How can you help your audience remember your points?

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7. Name three basic methods of organizing a presentation.

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8. Name three common attention-grabbers.

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9. Define extemporaneous speaking in regards to a presentation.

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10. What is an advantage and a disadvantage to taking questions throughout your talk?

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