Oriole Company reported cost of goods sold as follows. 2022 2021 Beginning inventory $ 30,150 $ 20,730 Cost of goods purchased 174,240 150,450 Cost of goods available for sale 204,390 171,180 Less: Ending inventory 35,230 30,150 Cost of goods sold $169,160 $141,030 Oriole Company made two errors: 1. 2021 ending inventory was overstated by $2,140. 2. 2022 ending inventory was understated by $5,430. Compute the correct cost of goods sold for each year.

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.