Purrfect Pets uses the perpetual inventory system. At the beginning of the quarter, Purrfect Pets has $36,000 in inventory. During the quarter the company purchases $8,800 of new inventory from a vendor, returned $1,300 of inventory to the vendor, and took advantage of discounts from the vendor of $260. At the end of the quarter the balance in inventory is $29,500. What is the cost of goods sold?

The outstanding bonds of the purple fiddle are priced at $898 and mature in nine years. these bonds have a 6 percent coupon and pay interest annually. the firm's tax rate is 35 percent. what is the firm's after tax cost of debt?

True or false: banks are required to make electronically deposited funds available on the same day of the deposit

Tiana daniels enterprise’s trial balance as at december 31, 2016 did not balance. on february 15, 2017 the following errors were detected: errorsi. water rates had been undercast by $2, 000.  ii. a cheque paid to yvonne walch of $2, 680 had been posted to the credit side of her account.  iii. discount received total of $1, 260 had been posted to the debit side of the discount allowed account as $1, 620.  iv. rent paid in the amount of $24, 000 had been posted to the credit of the rent received account.  v. wayne returned goods valuing $1, 680 to daniels enterprise but had been completely omitted from the books.    required: 1. prepare the journal entries to correct the errors.  (narrations required)                    14.5 marks  2.    prepare the suspense account showing clearly the original trial balance error.          8 marks