On july 8, a fire destroyed the entire merchandise inventory on hand of larrenaga wholesale corporation. the following information is available: sales, january 1 through july 8 $700,000 inventory, january 1 130,000 purchases, january 1 through july 8 640,000 gross profit ratio 30% what is the estimated inventory on july 8 immediately prior to the fire? a.$192,000. b.$490,000. c.$510,000. d.$280,000.

The dollar value generated over decades of customer loyalty to your company is known as brand equity. viability. sustainability. luck.

Match each item to check for while reconciling a bank account with the document to which it relates.(there's not just one answer)1. balancing account statement2. balancing check registera. nsf feesb. deposits in transitc. interest earnedd. bank errors

Record the journal entry for the provision for uncollectible accounts under each of the following independent assumptions: a. the allowance for doubtful accounts before adjustment has a credit balance of $500. b. the allowance for doubtful accounts before adjustment has a debit balance of $250. c. assume that octoberʼs credit sales were $70,000. uncollectible accounts expense is estimated at 2% of sales. smith, gaylord n.. excel applications for accounting principles (p. 51). cengage textbook. kindle edition.