QUESTION 1.

Alpha Corporation is a merchandising crew that sells computer competency. Alpha Corporation uses a perennial catalogue classification.

The cethcoming transactions were completed by the crew during June 2010:

June 7 Donationd 25 Ergonomia monitors from Office Shop on completionity at a individual consume of $200. June 9 Sold 6 Ergonomia monitors to Computer World Inc. on completionity ce $350 each. June 11 Sold 10 Ergonomia monitors to Best Corporation ce $3,200 currency. June 15 Donationd 20 Ergonomia monitors from Office Shop on completionity at $200 each. June 16Paid the completionitys payable ce the donations on June 7.

June 19 Sold 10 Ergonomia monitors to Milkyway Crew on completionity. The completion sales worth was $3,700. June 26 Collected completionitys receivable from the sales on June 19. June 30 Paid the completionitys payable ce the donations on June 15.

Required:

a. Prepare the life entries to proceedings these transactions b. Assume Alpha uses interrupted catalogue classification. Prepare life entries ce the transactions using interrupted catalogue classification.

QUESTION 2.

Smart Furniture Corporation is a merchandising crew that sells chairs. The crew uses a perennial catalogue classification. It proceedingss sales at the outrageous invoice worth and donations at allure consume. Smart Furniture adjusts and closes its completionitys monthly. The cethcomings are the transactions in March 2009:

Mar 1 Smart Furniture donationd 50 constabulary chairs from Comfort Crew on completionity. Individual consume of these chairs was $100, stipulations 3/10,n/30. Mar 3 Sold 40 constabulary chairs on completionity to Sweet Home ce $200 each, stipulations 2/10, n/30. Mar 8 Sweet Home returned five constabulary chairs donationd on March 3. The whole is abated from the completionity receivable of Sweet Home. Mar 10 Donationd 50 constabulary chairs from Comfort Crew on completionity. Individual consume of these chairs was $100, stipulations 3/10,n/30. Mar 11Returned 10 constabulary chairs to Comfort Crew accordingly they were in the crime tinge. Mar 12 Collected completionitys receivable from the sales on March 3 amid the abatement continuance. Mar 15 Sold 10 constabulary chairs ce on completionity to Alpha Furnishing, individual sales worth was $220, merit stipulations 2/10, n/30. Mar 19Paid the completionitys payable of March 10 donation amid abatement continuance. Mar 25 Paid the completionitys payable ce the donations on March 1. Mar 30 Collected completionitys receivable from the sales on March 15.

Required:

a.Prepare the life entries to proceedings these transactions. b.Prepare the favourable catalogue ledger constabulary chairs ce the month.

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