Accounting | Sample Questions Solved

These are samples of homework questions we have solved โ€” a secret library for accounting.

Inventory Turnover and Average Days to Sell. The following accounting information pertains to two retail stores th...

๐Ÿ“… October 3, 2025

Effect of Inventory Error on Financial Statements: Perpetual System Bosh Company failed to count $22,000 of invent...

๐Ÿ“… October 3, 2025

Effect of inventory cost flow on ending inventory balance and gross margin Scott Sales had the following transactio...

๐Ÿ“… October 3, 2025

Effect of Inventory Cost Flow Assumption on Financial Statements. For each of the following situations, fill in the...

๐Ÿ“… October 3, 2025

The following income statement was prepared for Frame Supplies for Year 1:

๐Ÿ“… October 3, 2025

The inventory of Donโ€™s Grocery was destroyed by a tornado on October 6 of the current year. Fortunately, some of th...

๐Ÿ“… October 3, 2025

Pamโ€™s Creations had the following sales and purchase transactions during Year 2. Beginning inventory consisted of 6...

๐Ÿ“… October 3, 2025

Effect of different inventory cost flow methods on financial statements. The accounting records of Wallโ€™s China Sh...

๐Ÿ“… October 3, 2025

Exercise 5-16A Inventory turnover and average days to sell. The following accounting information pertains to two g...

๐Ÿ“… October 3, 2025

The ending inventory for Carver Co. was incorrectly adjusted, which caused it to be understated by $15,300 for Year...

๐Ÿ“… October 3, 2025

The Brick Company had cash sales of $280,000 for Year 1, its first year of operation. On April 2, the company purch...

๐Ÿ“… October 3, 2025

Exercise 5-4A Effect of inventory cost flow (FIFO, LIFO, and weighted average) on gross margin. The following info...

๐Ÿ“… October 3, 2025