On april 1, marin inc. began operations. the following transactions were completed during the month. 1. issued common stock for $18,700 cash. 2. obtained a bank loan for $5,500 by issuing a note payable. 3. paid $8,600 cash to buy equipment. 4. paid $900 cash for april office rent. 5. paid $1,150 for supplies. 6. purchased $470 of advertising in the daily herald, on account. 7. performed services for $14,000: cash of $1,560 was received from customers, and the balance of $12,440 was billed to customers on account. 8. paid $310 dividend to stockholders. 9. paid the utility bill for the month, $1,560. 10. paid daily herald the amount due in transaction (6). 11. paid $30 of interest on the bank loan obtained in transaction (2). 12. paid employees’ salaries, $4,990. 13. received $9,360 cash from customers billed in transaction (7). 14. paid income tax, $1,170. jurnalize the transactions.

Problem 8-6 cullumber company is a multi product firm. presented below is information concerning one of its products, the hawkeye. date transaction quantity price/cost 1/1 beginning inventory 2,700 $17 2/4 purchase 3,700 26 2/20 sale 4,200 43 4/2 purchase 4,700 33 11/4 sale 3,900 47 calculate average-cost per unit. (round answer to 4 decimal places, e. g. 2.7613.) average-cost per unit $ link to text compute cost of goods sold, assuming cullumber uses: (round average cost per unit to 4 decimal places, e. g. 2.7631 and final answers to 0 decimal places, e. g. 6,548.) cost of goods sold (a) periodic system, fifo cost flow $ (b) perpetual system, fifo cost flow $ (c) periodic system, lifo cost flow $ (d) perpetual system, lifo cost flow $ (e) periodic system, weighted-average cost flow $ (f) perpetual system, moving-average cost flow $ click if you would like to show work for this question: open show work