Trusted by Students Everywhere
Why Choose Us?
0% AI Guarantee

Human-written only.

24/7 Support

Anytime, anywhere.

Plagiarism Free

100% Original.

Expert Tutors

Masters & PhDs.

100% Confidential

Your privacy matters.

On-Time Delivery

Never miss a deadline.

 on 23 Auto's Body Shop had the following costs associated with new inventory purchases for the month of January: • New inventory purchases $9,000 Shipping costs incurred $907 Purchase discounts taken $200

Accounting Nov 29, 2020

 on 23 Auto's Body Shop had the following costs associated with new inventory purchases for the month of January: • New inventory purchases $9,000 Shipping costs incurred $907 Purchase discounts taken $200 . If the beginning balance in the inventory account is a $3,000 debit, what is the new balance in the inventory account after considering the new purchases? Fill in the blank with your calculated number. DO NOT include commas, $ signs, period, decimal points, etc., just enter the raw number. Webcourses will add commas to your answer automatically. For example, if you calculated the answer to be $24,123, you would only input: 24123

Expert Solution

New inventory account balance = beginning inventory + purchases + freight - discount taken

=3000+9000+907-200

= 12707

Archived Solution
Unlocked Solution

You have full access to this solution. To save a copy with all formatting and attachments, use the button below.

Already a member? Sign In
Important Note: This solution is from our archive and has been purchased by others. Submitting it as-is may trigger plagiarism detection. Use it for reference only.

For ready-to-submit work, please order a fresh solution below.

Or get 100% fresh solution
Get Custom Quote
Secure Payment