Alpha received a statement of account from a supplier Beta, showing a balance to be paid of $8,950. Alpha’spurchase ledger account for Beta shows a balance due to Beta of $4,140.Investigation reveals the following:(1) cash paid to Beta of $4,080 has not been accounted for by Beta(2) Alpha’s ledger account has not been adjusted for $40 of cash discount disallowed by BetaWhat discrepancy remains between Alpha’s and Beta’s records after allowing for these items?A nilB $690C $770D $7301448 The inventory value for the financial statements of Q for the year ended 31 May 20X6 was based on an inventorycount on 4 June 20X6, which gave a total inventory value of $836,200.Between 31 May and 4 June 20X6, the following transactions took place:$Purchase of goods 8,600Sales of goods (profit margin 30% on sales) 14,000Goods returned by Q to supplier 700What adjusted figure should be included in the financial statements for inventories at 31 May 20X6?A $838,100B $853,900C $818,500D $834,300
We Care about Our Clients
The primary objective of our services at Onlinecourseshelp.com is to assist students of all academic levels by providing them with top quality custom essays and other academic assignments according to the delivery date they set in the order form.
+1(805) 568 7317