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[The following information applies to the questions displayed below.] Now that operations for outdoor clinics and TEAM events are running smoothly. Suzie thinks of another area for business expansion. She notices that a few clinic participants wear multiuse (MU) watches. Beyond the normal timekeeping features of most watches, MU watches are able to report temperature, altitude, and barometric pressure. MU watches are waterproof, so moisture from kayaking. rain, fishing, or even diving up to 100 feet won't damage them. Suzie decides to have MU watches available for sale at the start of each clinic. The following transactions relate to purchases and sales of watches during the second half of 2022 . All watches are sold for Ju1. 17 Purehased 104 watehes for $15,600 ( $150 per wateh) on account. Ju1. 31 sold 96 watehes for $82,560 cash. Aug. 12 Purchased 76 watehes for $12,160 ( $160 per wateh) eash. Aug. 22 Sold 66 vatches for $56,760 on account. Sep. 19 Paid tor watches purchased on July 17. Sep. 27 Receive eash of $34,056 for watehes sold on account on August 22. oct. 27 Purehased 170 vatehes for $28,900 (\$170 per watch) cash. Nov. 20 Sold 126 watchen for $108,360 cash. Dec. 4 Purchased 136 watches for $24,480 ( $180 per watch) on account. Dee. B Sold 76 watehes tor $65,360 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 watch, the MU II watches are equipped with a global positioning system (GPS) and have the ability to download and play songs and videos off the Internet. The demand for the original MU watches is greatly reduced. As of December 31 , the estimated net realizable value of MU watches is only $100 per watch. Journal entry worksheet Purchased 104 watches for $15,600 ( $150 per watch) on account. Record the purchase of inventory on account. Note: Enter debits before credits. Journal entry worksheet 45678 Sold 96 watches for $82,560 cash. Record the sale of inventory on account. Note: Enter debits before credits. Prepare the journal entries for transactions. (If no entry is required for a particular transaction/even in the first account field.) Journal entry worksheet 7817 Sold 96 watches for $82,560 cash. Record the cost of inventory sold. Note: Enter debits before credits. the first account field.) Journal entry worksheet 7817 Purchased 76 watches for $12,160 ( $160 per watch) cash. Record the purchase of inventory for cash. Note: Enter debits before credits. Journal entry worksheet 7 Sold 66 watches for $56,760 on account. Record the sale. Note: Enter debits before credits. Prepare the journal entries for transactions. (If no entry is required for a particular transaction/eve in the first account field.) Journal entry worksheet 817 Sold 66 watches for $56,760 on account. Record the cost of the sale. Note: Enter debits before credits. Prepare the journal entries for transactions. (If no entry is required for a particular transaction/event, select "No Journa in the first account field.) Journal entry worksheet Paid for watches purchased on July 17. Record the payment of cash. Note: Enter debits before credits. Prepare the journal entries for transactions. (If no entry is required for a particular transaction/event, select in the first account field.) Journal entry worksheet

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