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Discuss the company bought additional inventory

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Prepare the following adjustments for the month in good journal entry format.

A. The beginning balance of the Inventory account was $315. During the month the company bought additional inventory in the amount of $830. At the end of the month a physical inventory showed $568 of unused inventory.

B. At the end of the month $4,700 of services had been performed but not yet billed.

C. There are two employees at the Edgar Park Store. One is the manager who gets paid on the 15th of every month for his work during the first half of the month and on the 1st of the following month for his work during the last half of the month. His monthly salary is $2500. The other employee is an administrative assistant who gets paid on Friday for the week ending that day at a weekly rate of $450. The last day of the month fell on Friday.

Reference no: EM131803751

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