Valix Finacc vol 1 Problem 7-37

Financial Accounting Volume 1 2008 Valix-Peralta
Chapter 1 Problem 7-37

                                                     Inventory                Accounts payable            Net sales

Unadjusted                                    1,750,000                          1,200,000                     8,500,000

       1                                                    -                                       -                        (      35,000)

       2                                                50,000                             50,000                              -

       3                                                20,000                                 -                                   -

       4                                                26,000                                 -                         (      40,000)

       5                                                25,000                                 -                                   -

       6                                               30,000                                 -                                   -

       7                                                    -                                  60,000                               -

       8                                                10,000                              20,000                               -_ __

Adjusted                                      1,911,000                          1,330,000                      8,425,000