Using the information in Problem 3A complete the

requirements assuming #4409

Using the information in Problem 3A, complete the requirements assuming a periodic inventory
systemIn Exercise 3AApr. 2 Purchased merchandise on credit from Baskin Company, invoice
dated April 2, terms 2/10, n/60, $12,800.3 Sold merchandise on credit to Linda Hobart, invoice
#760, $3,200. Cost, $1,9003 Purchased office supplies on credit from Eau Claire Inc., $1,340.
Invoice dated April 2, terms n/10 EOM.4 Issued cheque #587 to The Record for advertising
expense, $1,020.5 Sold merchandise on credit to Paul Abrams, invoice #761, $9,400. Cost,
$5,6006 Received an $85 credit memorandum from Eau Claire Inc. for office supplies received
on April 3 and returned for credit.9 Purchased store equipment on credit from Frank's Supply,
invoice dated April 9, terms n/10 EOM, $10,500.11 Sold merchandise on credit to Kelly
Schaefer, invoice #762, $10,000. Cost, $6,00012 Issued cheque #588 to Baskin Company in
payment of its April 2 invoice. 13 Received payment from Linda Hobart for the April 3 sale.13
Sold merchandise on credit to Linda Hobart, invoice #763, $5,200. Cost, $3,10014 Received
payment from Paul Abrams for the April 5 sale.16 Issued cheque #589, payable to Payroll, in
payment of the sales salaries for the first half of the month, $9,500. For simplicity, we assume
one cheque.16 Cash sales for the first half of the month were $54,000. Cost, $32,400 Cash
sales are usually recorded daily from the cash register readings. However, they are recorded
only once in this problem to reduce the repetitive transactions.View Solution:
Using the information in Problem 3A complete the requirements assuming

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