Business, 18.10.2019 01:10 hannahkelly1629

Dan watson started a small merchandising business in year 1. the business experienced the following events during its first year of operation. assume that watson uses the perpetual inventory system. acquired $32,500 cash from the issue of common stock. purchased inventory for $26,000 cash. sold inventory costing $15,500 for $32,000 cash. required a. record the events in general journal format. b. post the entries to t-accounts. c. determine the amount of gross margin. d. what is the amount of net cash flow from operating activities for year 1?

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Dan watson started a small merchandising business in year 1. the business experienced the following...

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