Late in December, the next generation of multiuse MU II watches is released. In addition to all of the features
July Purchased watches for $ $ per watch on account.
July Sold watches for $ cash.
August Purchased watches for $ $ per watch cash.
August Sold watches for $ on account.
September Paid for watches purchased on July
September Receive cash of $ for watches sold on account on August
October Purchased watches for $ $ per watch cash.
November Sold watches for $ cash.
December Purchased watches for $ $ per watch on account.
December Sold watches for $ on account.
Late in December, the next generation of multiuse MU II watches is released. In addition to all of the features of the MU II watches are equipped with a global positioning system GPS and have the ability to download and play songs Internet. The demand for the original MU watches is greatly reduced. As of December the estimated net realizabl watches is only $ per watch.
Requirement
General
Journal
General
Trial Balance
Income
Balance Sheet
