Access over 20 million homework & study documents
search

20150414060719ch8_9.docx

Content type

User Generated

Subject

Geology

Type

Exam Practice

Rating

Showing Page:
1/2

Sign up to view the full document!

lock_open Sign Up
Showing Page:
2/2

Sign up to view the full document!

lock_open Sign Up

Unformatted Attachment Preview

Capwell Corporation uses a periodic inventory system. The company's ending inventory on December 31, 2013, its fiscal-year end, based on a physical count, was determined to be $344,000. Capwell's unadjusted trial balance also showed the following account balances: Purchases, $800,000; Accounts payable; $300,000; Accounts receivable, $315,000; Sales revenue, $980,000.   The internal audit department discovered the following items: 1. Goods valued at $50,000 held on consignment from Dix Company were included in the physical count but not recorded as a purchase. 2. Purchases from Xavier Corp ...
Purchase document to see full attachment
User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.

Anonymous
Really useful study material!

Studypool
4.7
Trustpilot
4.5
Sitejabber
4.4