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This shouldn't take someone who knows what they're doing very long at all. This is a very basic accounting class. I have attached the documents below. I need all the answers. Thanks so much!
Ace Lawn Care Module 3 Mini Practice Problem
In June, Jim decided to open a small retail operation selling bags of fertilizer to the public. He has decided to begin by offering two kinds of fertilizer. Below is the information for the month of June, 2014, for the two types of fertilizer.
Product
Selling Price
Feed All Fertilizer
$27.00
Weed and Feed All Fertilizer
$35.00
Purchase Data
Date
Quantity (Bags)
Price per Bag
6/1/2014
10
15.00
20.00
6/11/2014
20
15.50
6/15/2014
19.50
6/22/2014
15.75
6/28/2014
19.75
All purchases are paid in cash at the time of the purchase and Jim picks up the fertilizer from the distributor, so there is no freight charge.
Sales Data (summarized by week)
6/9/2014
6
4
6/16/2014
12
5
6/23/2014
8
2
6/30/2014
All sales are on credit.
In addition to the sales, on 6/20/14, a customer returned one bag of Feed All Fertilizer to Jim for credit on account.
Instructions:
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