Prepare a postclosing trial balance. The merchandiser would: A) credit inventory on date of payment if the discount is taken B) credit inventory on date of payment if the discount is not taken C) credit purchases discounts on date of purchase if the discount is taken The latest company accounts stated: 'We aim to maximise returns to shareholders through a strategy of aggressive growth. Otherwise the full amount is due by the end of the month. There are many examples of merchandise inventory, including shoes, books, headphones, food products, and auto parts. Batch picking is also frequently used to get merchandise inventory out to customers faster. If Myrna paid the creditor on March 10, how much did, During the year, Melissa Tolentino made additional investments amounting to P, 5,660 and withdrew P 3,180 worth of assets. Victorious Definition: having gained victory Synonyms: winning, successful, conquering. A company must perform strictly proper accounting. How much more would be spent for the ads if they were two-color ads. The Merchandise Inventory account is an asset account that is used only for goods purchased that the business owns and intends to resell to customers. The present worth of the project is greater than 0. Our objectives are to expand year on year.' We review their content and use your feedback to keep the quality high. The net income will be understated by $23,000. refers to products that a company owns and intends to sell. The balance in the merchandise inventory account at the beginning of the period represents the cost of the merchandise on hand at that time. Requires more accounts than a service business C. Standardized by the FASB for all merch busi. When an uncollectible account is written off, ________. With the design change, 12 runs led to an average time of $21.1$ seconds, with a standard deviation of $0.9$ seconds. The cost of goods sold is $4,800. (True or false) true The merchandise that these types of businesses sell is called merchandise inventory. How do they differ? A merchandising company engages in the purchase and resale of tangible goods. False <p>True</p> . Vibrant Definition: being deep, rich, and bright Synonyms: vivid, resonant, bright, striking Example: This traditional Chinese carpet is made up of vibrant colors. _____. Accumulated Depreciation as of December 31, 2018 was $33,000. (Use a 360day year and round answers to the nearest dollar. False <p>True</p> . **Drawing Conclusions** Why do some people blame the Fed for the recession of 2001 ? a. Compare the ending inventory and cost of goods sold computed under all four methods. 2. What is freight out and how is it recorded by the seller? The ending merchandise inventory for the current year is overstated by $25,000. \end{array} The gross profit percentage measures the profitability of each sales dollar above the cost of goods sold. Advertisement Advertisement c. The present worth of the project is less than 0. The treasurer signs checks and approves contracts. D. It is shown as a contra account related to accounts receivable. At Cadmia Services, the cashier collects checks and cash from customers, and the junior accountant records the transactions in the journal. Which of the following line items will appear on the income statement of a merchandiser but not of a service company? click to flip Don't know Question Which of the following are period costs for a manufacture? Use each of these words in a sentence that reflects the word's meaning in the chapter. Which of the following inventory costing methods uses the cost of the oldest purchases to calculate the cost of goods sold? A. those transactions have not yet been recorded on the company's books. \text{7} & \text{MSF} & \text{Microsoft Corp} & \text{51.18} & \text{ } & \text{$-2.80 \\\%$} & \text{52.65} & \text{26,695} & \text{ }\\ \hline On July 7, Landview Bank lent $580,000 to Classical Music Shop on a 60 day, 8% note. Many of them sell both products and services. Under the perpetual inventory system, two journal entries are used to record the sales of merchandise. Most of the waste is burned to produce heat and electricity for the company's own use. A) merchandise inventory B) purchasing expense C) selling and administrative expenses D) cost of goods sold D) cost of goods sold 3) Merchandise inventory accounting systems can be broadly categorized into two types. The merchandise inventory account will reflect it when the physical count is taken and the ending merchandise inventory is recorded in the merchandise inventory account. Purchase allowances are granted to the purchaser as an incentive to keep the goods that are not "as ordered". \text{4} & \text{CTB} & \text{Cooper Tire & Rubber Co.} & \text{40.3} & \text{1.04} & \text{ } & \text{39.26} & \text{727} & \text{ }\\ \hline Refers to products a company owns and expects to sell in its normal operation. The operating cycle is the average period of time required for a business to make an initial outlay of cash to produce goods, sell the goods, and receive cash from customers in exchange for the goods. Fundamentals of Financial Management, Concise Edition, Claudia Bienias Gilbertson, Debra Gentene, Mark W Lehman, Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Don Herrmann, J. David Spiceland, Wayne Thomas. The following information is from the records of Armadillo Camera Shop: B. credit to Accounts Receivable and a debit to Bad Debts Expense. Assume the ending inventory is made up of 40 units from beginning inventory, A check for which a maker's bank account has inadequate money to pay the check is known as ________. Danube Corp. purchased a used machine for $10,000. Rent c. Depreciation d. Interest a . The major expense of a merchandising business is? There are three calculated amounts on the multi-step income statement for a merchandiser - net sales, gross profit, and net income. b. neither the CPI nor the GDP deflator. purchases and subtracting ________________________. . Thank you Use the following to answer questions 1 and 2 below: Below is the year-end adjusted trial balance of the ledger of Big Bright Lights Electric. The journal entry would debit Sales returns and allowances and credit accounts receivable. Compute the cost of ending inventory and cost of goods sold using the average cost inventory costing method. What Does Merchandiser Mean? STSs objectives are not completely SMART. In step 2 you close out the beginning merchandise inventory, Purchases and Freight In accounts. What are 4 steps involved in the closing process for a merchandising company? The major expense of a merchandising business is (p. 226) a..get 1 Questions & Answers Accounting Financial Accounting Cost Management Managerial Accounting Advanced Accounting Auditing Accounting - Others Accounting Concepts and Principles Taxation Accounting Information System Accounting Equation Financial Analysis These are expenses incurred in storing, promoting, packaging and delivering the merchandise such as Freight Out, Sales Salaries, Advertising and Sales Commission. d. . A. creating time and place utility. The Purchases account is debited when recording the purchase of inventory when using the periodic inventory system. Business Accounting Q&A Library GPXVZG300 Corp. is a merchandiser that sells it's product for $36 per unit. At which of the following amounts would the machine be recorded? An amount that a merchandiser earns by selling its inventory is known as sales revenue or sales. Puberty begins when the _______ gland increases the amount of _______ in your bloodstream. Merchandising Organizations. (ID#80446) Assume that GPXVZG300 sold 32,700 units last year. October 8: Returned 25 defective, Please Kindly help me answer this. a merchandising company quizletare there really purple owls. \begin{array}{|c|l|l|c|c|c|c|c|c|} \hline Freight out expense is one in which the seller pays freight charges to ship goods to customers. FOB shipping point means the buyer takes ownership (title) to the goods after the goods leave the seller's place of business (shipping point). What is the cost of goods sold for the. It updates the accounting records for merchandise transactions only at the end of a period. Course Hero uses AI to attempt to automatically extract content from documents to surface to you and others so you can study better, e.g., in search results, to enrich docs, and more. What can you conclude about the effects of the inventory Which of the following is a characteristic of a plant asset, such as a building? 5. The cost of the merchandise inventory that the business has sold to customers Gross profit The excess of net sales over the cost of goods sold Operating expenses All of the expenses involved in running a business Merchandise inventory accounting systems can be broadly categorized into two types. They are ________. Net credit sales for the year amounted to $290,000. 4 ) on the income statement columns of the work sheet data that. Learn vocabulary, terms, and the remaining $ a merchandising company quizlet was collected in cash during 1. The following information is available. Supplies Expense c. Withdrawals d. Interest Revenue 8-Suppose in 2013, SuperTravel debited Amortization Expense, M. H. Acosta, CA, completed these transactions during November of the current year: Nov. 1 Began a public accounting practice by investing $4,000 in cash and office equipment having a $3,300 fair, Z-Mart had the following transactions for October: October 6: Purchased 650 units of inventory at $5 per unit. The operating cycle of a merchandising company contains the following five activites. Use the spreadsheet below to answer. A manufacturing company reports the following items: Finished goods inventory, beginning balance: $1,000. When using the allowance method, after a company has previously written off an account, ________. Retailers and wholesalers are good examples of merchandisers because they typically buy goods from manufacturers to market and sell them to the public consumers. The second entry in the closing process would include? A. dividing the cost of goods available for sale by the number of units available. When using the allowance method, the writeoff of a receivable ________. The gross profit percentage is computed as follows: Gross Profit/ Net Sales Revenue. Question: 20) The main expense of a merchandiser is usualhy A) cost of goods sold B) current assets C) selling and administrative expenses - D) production overhead Which of the following entries would be made to record the purchase of inventory on account, if a company uses the perpetual inventory system? What effect will this error have on the following year's net income? Apr 06 2022 08:50 AM. Which of the following should be included in the cost of land? Some common types of adjusting journal entries are accrued expenses, accrued revenues, provisions, and deferred revenues. 2) The main expense of a merchandiser is usually ________. If Sealy is responsible for transportation costs, record the entry for shipping costs assuming they are paid in cash. A company with an . Consider . The Merchandise Inventory account is debited when recording the purchase of inventory using the perpetual inventory system. In 10 runs with the standard car, the average time was $22.5$ seconds, with a standard deviation of $1.3$ seconds. 1. inventory, purchases, and sales for a recent year: A. the write off has no effect on net income. It is shown on the income statement as an expense How is gross profit calculated and what does it represent? \text{Beginning inventory}&110&\$7.10\\ 3,10 \underline{3}, 615 You'll get a detailed solution from a subject matter expert that helps you learn core concepts. A company decides to ignore a very small error in its inventory balance. The controller approves the journal entries and bank reconciliations. It includes direct materials, direct labor and overhead allocated to the product being sold. Once an inventory item is consumed through sale to a customer or disposal in some other way, the cost of this inventory asset is charged to expense. Explain why use of the perpetual inventory system has dramatically increased? Sales Revenue - Cost of Goods Manufactured = gross profit. Claudia Bienias Gilbertson, Debra Gentene, Mark W Lehman, Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Alvin A Arens, Mark A Beasley, Randal J Elder. Which of the following would be included in the adjusting entry? On March 1, 2006, Myrna purchased P 160,000 worth of goods on account, terms of purchase was 3/12, n/45. At Radiant, Inc., the sales department is also responsible for recording cash transactions as it does not have a separate accounting department. Finished goods inventory, ending balance: $1,200. Merchandise inventory is the last inventory stage a product is in before it's sold to a customer. \end{array} The adjusting entry includes a ________. 6. Describe a merchandiser's cost of goods sold? Content marketing.. FOB destination means the buyer takes ownership (title) to the goods at the delivery destination point. Merchandisers are often identified as either wholesalers or retailers. \text{2} & \text{AAPL} & \text{Apple Inc.} & \text{96.76} & \text{0.66} & \text{ } & \text{96.1} & \text{27,393} & \text{ }\\ \hline A. FIFO and LIFO B. wholesale and retail Purchases of items other than those which form part of inventory and intended for sale in the normal course of business are recorded as purchases. For a retailer, inventoriable costs are purchase costs, freight in, and any other costs required to bring them to the location and condition needed for their eventual sale. Merchandise Inventory is shown as a current asset on the Balance sheet. True. What account is debited when recording a purchase of inventory when using a periodic inventory system? a. both the CPI and the GDP deflator. What is the Cost of Goods Sold and where is it reported? They are ________. Which of the following is true of net sales revenue? In a merchandising business, the main source of revenue is the sale of merchandise. C. Internal auditors monitor company controls to safeguard assets, and external auditors evaluate the controls to ensure that the accounting records are accurate. A. a debit to Cost of Goods Sold and a credit to Merchandise Inventory for $238. Service Revenue - Cost of Goods Purchased = gross profit. When sales revenue exceeds cost of goods sold, the difference is called. Big Bright. 2. 4. Cost of goods sold is the cost of merchandise purchased from a supplier that is sold to customers during a specific period. Up to date Merchandisers has the following transactions for the month of July. A business should report the least favorable figures in the financial statements when two or more possible options are presented. The two main inventory accounting systems are the perpetual and periodic The journal entry for the purchase of inventory on account using the perpetual inventory system is Merchandise Inventory debited Accounts payable credited Suppose Dave's Discount's Merchandise Inventory account showed a balance of $8,000 before the year-end adjustments. It begins by purchasing the merchandise and ends by collecting cash from selling the merchandise. A merchadising company usually has one inventory account while a manufacturing company usually has ___ inventory accounts. A wholesaler is a merchandiser that buys goods from a manufacturer and then sells them to retailers. The physical inventory count shows inventory of $63,600. You can still order groceries for home delivery or free curbside pickup anytime at HEB .com or get up to 25 items delivered in 2 hours or less with Express Delivery powered by Favor. Operating expenses of a merchandising company include many of the same expenses found in a service company, such as salaries, insurance, utilities, and depreciation. Net Cost of Purchases is calculated by taking Purchases less Purchase Returns and Allowances less Purchase Discounts plus Freight In. D. deposit in transit and outstanding checks. From the following details, calculate net sales revenue. What are adjusting journal entries?. A. They r often identified as either wholesalers or retailers. Cost of Merchandise Sold (also referred to as Cost of Goods Sold) - At the time of the sale, this account is debited for the cost of the goods that were sold. Earns net income by buying and selling merchandise. The company generated a net. Widespread use of computing and related technology has dramatically increased the use of the perpetual inventory system. If the beginning balance of her capital account was P15,470, Assuming that net purchases cost P 270,000 during the year and that ending, inventory was P 4,000 less than the beginning inventory of P 30,000, how much, Goods totaling P 40,000 was purchased on February 2 on terms of 2/10, n 30, and on which returns of P 4,000 were made on February 10; would be subject to. A. reduces the amount of the Allowance for Bad Debts account. The cost of marketing on social networks is from 100 to 5 thousand dollars a month for content (posts, articles, graphics, memes, tables, videos) and from 5 dollars a day for advertising.Small startups usually spend up to 2 thousand dollars a month on SMM, large - from 10 to 100 thousand a month. Or item sold by a merchandising company that sells directly to consumers is a company. answer choices . B. errors made on the books revealed by the bank reconciliation. \text{Sale 5}&240&&~~12.50\\ $1,200 B. a credit to Income Summary for? The company's management estimates that 3% of net credit sales will be uncollectible for the year 2017. It is the cost of merchandise sold to customers during a period. If the business discards this plant asset, the result is ________. A business's financial statements must report enough information for outsiders to make knowledgeable decisions about the company. The largest expense of a merchandiser is usually. At the same time, it debits Cost of Goods Sold and credits Merchandise Inventory for the cost of the inventory items sold. To determine the cost of goods sold in any accounting period, management needs inventory information. The final step in the accounting cycle is to: Prepare closing entries. Which of the following is an attribute of the internal control componentmonitoring of controls? Daniel F Viele, David H Marshall, Wayne W McManus, Daniel F Viele, David C. Marshall, Wayne W McManus, Century 21 Accounting: General Journal, Introductory Course, Chapters 1-17, Claudia Bienias Gilbertson, Debra Gentene, Mark W Lehman. D. Always use the three digit numbering system Write the name of the place for each underlined digit. Inventory shrinkage is the loss of inventory that occurs because of theft, damage, and errors. are P 160,000. There had been P 21,650 worth, of inventory on hand on August 1, 2005. \hline \text{ Total value of country's waste market (\$m) } & 120 & 140 & 160 & 180 \\ \text{ } & \text{Symbol} & \text{Stock} & \text{Close} & \text{Change} & \text{\\% Change} & \text{Close} & \text{$1000 \mathrm{s}$} & \text{$100 \mathrm{s}$}\\ \hline $1,100. A retailer buys merchandise either from a manufacturer or a wholesaler and then sells those goods to customers. \text{Sale 1}&380&&\$12.00\\ Cost of goods sold is computed by adding beginning inventory and net. 1. What are the differences in closing entries when using periodic vs perpetual? Prepare a postclosing trial balance. It is also called the bill. The credit terms "2/10, n/EOM" means that the purchase can deduct 2% from the total bill excluding freight if the company pays within 10 days of the invoice date. prohibit. ), B. debit to Cost of Goods Sold and a credit to Merchandise Inventory for $2,200. Cost of Goods Sold is the cost of merchandise that has been sold to the customer. It is shown on the income statement as an expense. \begin{array}{lccc} Compute the cost of ending inventory and the cost of goods sold using the specific identification method. Homework assignment the operating cycle of merchandiser with credit sales includes the following five activities. How is gross profit calculated and what does it represent? $23,200 C. a debit to Income Summary . The original cost was $18,000, and at the time of sale, accumulated depreciation was $14,000. With step 1 in the periodic method, you not only close out Sales Revenue but also Purchase Returns and Allowances and Purchase Discounts. Gross profit is calculated as net Sales Revenue minus Cost of Goods Sold and it represents the markup on the merchandise inventory. How much benefit will be derived from the cost of the procedure? A plant asset is fully depreciated when the book value is ________. Assume Sealy uses the perpetual inventory system. other numbers to the nearest dollar.) b. \hline \text{ Number of employees } & 1000 & 950 & 900 & 800 \\ **Required:** The gain or loss on the sale of a plant asset is determined by comparing market value of assets received with ________. They are ________. Remaining cards (64) Know retry shuffle restart 0:04 Flashcards Matching Snowman Crossword Type In Quiz Test StudyStack Study Table O A. selling and administrative expenses. Investment in labour-saving equipment has allowed the business to save on wage costs. Internal auditors ensure that the employees follow company policies. A. the amount of bad debts expense is estimated at the end of the accounting period. The entry to record the cost of merchandise sold would include ________. One entry records the Sales Revenue and another entry records the Cost of Goods Sold. This has been explained to all shareholders in a recent letter to them, but the workers of the company were not involved in helping create the mission statement and they have not been informed of it. False It does not need to correct the error because of the materiality concept. a. A company sold merchandise with a cost of $217 for $390 on account. For a promissory note, the entity to whom the promise of future payment is made is the ________. A company sold merchandise with a cost of $238 for $440 on account. The Allowance for Bad Debts account has a credit balance of $5,000 before the adjusting entry for bad debts expense. This is an example of the application of the ________. It is used in the operations of a business. The revenue earned by a merchandising business from its sales of goods is commonly referred to as sales. \text{Sale 2}&225&&~~12.00\\ No journal entries are required for the reconciling items on the bank side because ________. In a merchandising company, only merchandise inventory is shown. C. It is calculated by deducting sales discounts and sales returns and allowances from sales. Corel Sales sold its old office furniture for $9,000. \text{Purchase 3, Sept. 30}&230&~~7.70\\ \text{ } & \text{A} & \text{B} & \text{C} & \text{D} & \text{E} & \text{F} & \text{G} & \text{H}\\ \hline In addition, the ending Merchandise Inventory is recorded as a debit. Describe each, The two types of inventory accounting systems are the periodic inventory system and the perpetual inventory system. How do we compute gross profit for a merchandising company? e. The future worth of the project is equal to 0. Journal entries are required for the reconciling items on the book side because ________. When does the buyer take ownership of the goods, and who typically pays the freight? The manager wants to increase the sales commission by $0.2 per unit. $$ Science, Technology & Society - Quiz 11.docx, Science, Technology & Society - Quiz 10.docx, CDEC2304 Report_Reflections_FA21 (1).docx, QUESTION 164 A project manager is planning the staffing levels that will be, Dan would also like to thank the outstanding professionals at Hennepin County, sense COVID 19 may not have impacted the true incidence of dengue but rather the, Here are some points to consider when engaging in out of work activities such as, The biceps brachii muscle and the triceps brachii muscle A are synergists B are, Which of the following does NOT influence cell membrane permeability to a, 14 A M Rathera A Agarwala and V Sastryb Recurrent neural network and a hybrid, Concept Check What happens to the acceleration of an object if a the mass and, NULLUM CRIMEN NULLA POENA SINE LEGE What does it mean a The voice of the people, True False 158People with a high need for affiliation tend to be more effective, Question 3 2 out of 2 points The less complex a solution the more room for, Lab 6 StudentIMMUNOLOGY VIRTUAL LAB WORKSHEET (1).docx, pentagon One cannot separate Santas from choral gates They were lost without the, Diagnosis for E coli UTI Performing routine urinalysis is the most common method, Under the revised ABC system supervision costs allocated to Sweatshirts will be, 22 Evolutionary processes lead to organisms that a are perfect b Not function, A non judgmental open ended response facilitates dialogue between the client and, The same is almost certainly true of you But its not always easy to get others. a. Cost of goods manufactured, $5,000. Merchandise inventory (also called Inventory) is a current asset with a normal debit balance meaning a debit will increase and a credit will decrease. It is uncommon, but some manufacturers also act as merchandisers. When granting a sales allowance, is there a return on merchandise inventory from the customer? In addition to net income (the bottom line), it also reports subtotals for gross profit and income operations. Describe the operating cycle of a merchandiser, The operating cycle of a merchandiser is as follows: It begins when the company purchases inventory from a vendor, the company then sells the inventory to a customer, and finally, the company collects cash from customers. \end{array} Which of the following is subtracted from net sales revenue to arrive at gross profit on a multistep income statement? A chart of accounts for a merchandising business A. The primary advantage of central buying includes all of the following except: Buying decisions are made by specialists Lower merchandise costs can result Centeralized data make trends easier to detect Sales forecasts for the entire chain are less reliable Retailers having traditional storefronts and an online presence are known as Plastic costs $10 per 500 grams and employees of the company are paid $15.00 per hour. Which of the following items would require an adjusting entry after preparation of the bank reconciliation? The ending merchandise inventory for the current year is overstated by $23,000. D. a debit to Cost of Goods Sold and a credit to Merchandise Inventory for $217. On July 31, 2006, Buddy Shop had P 36,180 worth of inventory on hand. Review the criteria economists use for determining a good tax. H-E-B and Favor have discontinued the Senior Support phone line and Easy Ordering and Delivery website. Service Revenue - Operating Expenses = gross profit. $100, cost of goods sold of? An adjusting journal entry is a financial record you can use to track unrecorded transactions. Inc. Two Alternative inventory accounting systems can be used to collect information about cost of Goods sold and cost of inventory. A photocopier cost $100,000 when new and has accumulated depreciation of $98,000. The Cost of Goods Sold account is calculated by adding Beginning Merchandise Inventory plus Net Cost of Purchases less Ending Inventory. . Black Company's unadjusted and adjusted trial balances on December 31, 20XX, are as follows: Cargo Transport earned revenue on account. A check of $300,000, deposited by a company, was returned to the bank for nonsufficient funds. The seller uses the perpetual inventory system. A statement of comprehensive income that presents separately an entity's cost of sales is said to have been prepared using the single-step method. 5. The usual accounting term for revenue from selling merchandise is: The term used for the expense of buying and preparing the merchandise is: Net Income = Net Sales - Cost of goods sold equals Gross profit - Expenses. Bob Techster is very serious about winning this year's All-American Soap Box Derby competition. B. net sales revenue less cost of goods sold, D. a $6,000 credit to Merchandise Inventory, The Merchandise Inventory account balance is $52,000. Apple, for instance, pioneered . \text{Sale 3}&270&&~~12.00\\ What would the credit terms of " 2/10 n/EOM" mean? \hline & 2 0 1 1 & 2 0 1 2 & 2 0 1 3 & 2 0 1 4 \\ Reading through these positive adjectives may assist you in expanding your vocabulary. ), B. amounts paid to make the asset ready for its intended use. $$. B. debit to Cost of Goods Sold and a credit to Merchandise Inventory for $3,300. The merchandiser is the one responsible of ensuring products are placed and are properly organized in the store. 4. 1.Which of the following represents the main difference between a merchandising firm ()and a manufacturing firm ? A. on the balance sheet and income statement, respectively. What is the maturity value of the note? In this case, the seller (owner of the goods while in transit) usually pays the freight. Service Company - provides work (services) to customers 2. True There is no need for a physical inventory count in the perpetual inventory system. b. Debit to Accounts Payable and a credit to, 7-Which of the following accounts is not closed? What does gross profit percentage measure and how is it calculated? Describe the journal entry when recording a sale of inventory using the periodic inventory system, When recording sales of merchandise inventory using the periodic system you will debit cash or account receivable and credit sales revenue. They are ________. (This account is also adjusted for inventory shrinkage, which will be discussed later.) These accounts contained the following data. Make the revenue accounts equal 0 via the Income Summary Account, Describe the Single-step income statement, The single-step income statement is the income statement format that groups all revenues together and all expenses together without calculating other subtotals, A multi-step income statement lists several important subtotals. \begin{array}{|l|c|c|c|c|} Experts are tested by Chegg as specialists in their subject area. None of the others alternatives are correct Merchandising firms have three components of inventory on the balance sheet and manufacturing . Which of the following is true of the balance sheet presentation of the Allowance for Bad Debts? Together, purchase returns and allowances decrease the buyer's cost of the inventory. Income statements for each type of firm vary in. What will be the total cost of the ads, using the base price? merchandising company sells inventory, it debits Accounts Receivable (or Cash) and credits Sales for the selling price of the merchandise. Income measurement for a merchandising company differs from a service company as follows: (a) sales are the primary source of revenue and (b) expenses are divided into two main categories: cost of goods sold and operating expenses. \textbf{Activity}&\textbf{Units}&\textbf{(per unit)}&\textbf{(per unit)}\\\hline It is often the largest single expense on a merchandiser's income statement. Describe the calculation of cost of goods sold when using periodic inventory system. The general ledger shows a balance of $66,500 in the Merchandise Inventory account at the end of the period. \text{9} & \text{YHOO} & \text{Yahoo! Service companies primarily sell services rather than tangible goods. It is an intermediary that buys products from manufacturers or wholesalers and sells them to consumers. A recent increase in customers has meant that not all of the waste can be burned and the company has dumped it in old quarries where it causes smells and gas emissions. A merchandiser is a business that sells merchandise, or goods, to customers. Crandall Distributors uses a perpetual inventory system and has the following data available for A merchandising firm is one of the most common types of businesses. What do you know about the mathematical value of the annual worth of a project under each of the following c. is usually more accurate than an annual budget. A. competent, reliable, and ethical personnel. List the three steps, in order of occurrence, of the operating cycle of a merchandising business. Definition: A merchandiser is a business that purchases inventory and resells it to customers for a profit. (Note: Use four decimal places for per-unit calculations and round all An physical count of inventory reveals that actual inventory balance is $46,000. San Diego State BA 360 Operations and Supply Management of Thomas Food Company ORDER NOW FOR CUSTOMIZED AND ORIGINAL ESSAY PAPERS ON San Diego State BA 360 Operations and Supply Management of Thomas Food Company DUE:11/23/2020 CLASS-Introduction to Operations and Supply Chain Management Please attach 2 file San Diego State BA 360 . Calculate gain or loss on the sale. Which of the following would be included in the adjusting entry? The usual accounting term for revenue from selling merchandise is: Sales The term used for the expense of buying and preparing the merchandise is: Cost of goods sold Merchandiser net income Net Income = Net Sales - Cost of goods sold equals Gross profit - Expenses Gross Profit or Gross Margin Which equals net sales less cost of good sold. What are 2 types of merchandisers ? Uptodate Merchandisers has the following transactions for the month of July. The major expense of a merchandising business is? vanilla protein powder shake recipes for weight loss How does a purchase allowance differ from a purchase return? 20) The main expense of a merchandiser is usualhy A) cost of goods sold B) current assets C) selling and administrative expenses - D) production overhead Which of the following entries would be made to record the purchase of inventory on account, if a company uses the perpetual inventory system? The Purchase Returns and Allowances account is credited when recording purchase returns or purchase allowances when using the periodic inventory system. H0032 _____ 2. This saves costs and reduces the impact on the environment by not using areas of land to bury the rubbish. Gross profit is calculated as net Sales Revenue minus Cost of Goods Sold and it represents the markup on the merchandise inventory. \text{6} & \text{INTC} & \text{Intel Corp} & \text{28.8} & \text{ } & \text{$-1.90 \\\%$} & \text{ } & \text{26,432} & \text{ }\\ \hline C. those transactions have already been recorded in the company's ledger. When recording purchase returns and purchase allowances under the periodic inventory system, what account is used? Assuming normal populations with equal standard deviations, use the $0.01$ level in helping Bob determine whether the modifications are really effective in improving his racer's speed. \hline \text{ Net profit ~(\$m)} & 3 & 8 & 10 & 20 \\ Which of the following is included in the cost of land? True A company discovers that its cost of goods sold is understated by an insignificant amount. Sales total P 440,000, cost of goods sold is P 210,000 and operating expenses. Then create a proposal for a new tax that meets those criteria. O B. purchasing expense. The largest expense of a merchandiser is usually O A. selling and administrative expenses O B.. Merchandise inventory accounting systems can be broadly categorized into two types. Would you be willing to pay the tax you've just proposed? Cost of goods soldb. (Assume a perpetual inventory system. conditions? Administrative expenses d. Cost of Sales The normal balance of sales discount is on ______ side of T-account. What account is debited when recording the payment of freight when using the periodic inventory system? \hline \text{ Sales revenue (\$m)} & 20 & 25 & 35 & 40 \\ A) manufacturer and producer B) FIFO and LIFO On December 31, 2018, the equipment was sold for $25,000. 7. $$ The adjusting entry for shrinkage would be a debit to cost of goods sold and credit to merchandise inventory. \text{8} & \text{NTGR} & \text{Netgear Inc.} & \text{39.66} & \text{0.59} & \text{$1.50 \\\%$} & \text{ } & \text{228} & \text{ }\\ \hline a. Variable expenses are $18 per unit, and fixed expenses total $12,000 annually. The merchandiser uses a perpetural inventory system. f. The future worth of the project is less than 0. A merchandising firm is a business that purchases finished products and resells them to consumers. $22,000, and other expenses of? True. Which of the following entries would be made to record the purchase of inventory on account, if a company uses the perpetual inventory system? Write a formula that will convert the volume given in 1,000s into a volume given in 100s. How much is gross margin/profit? 1. B. We and our partners store and/or access information on a device, such as cookies and process personal data, such as unique identifiers and standard information sent by a device for personalised ads and content, ad and content measurement, and audience insights, as well as to develop and improve products. Perpetual inventory system An inventory system un Which of the following is included in the cost of a plant asset? Which equals net sales less cost of good sold. Since there is no wind-tunnel time available at the aerospace firm where his father works, Bob is using a local hill to test the effectiveness of an aerodynamic design change. And then sell them to retailers are known as gross margin from sales a a. retailer B. C. cost to clear the land of old buildings. C. a debit to Merchandise Inventory and a credit to Accounts Payable. \text{Purchase 1, Jan. 18}&575&~~7.20\\ In a perpetual inventory system, cost of goods sold is determined each time a sale occurs. This is useful for estimating the amount of working capital that a company will need in order to maintain or grow its business. Describe the journal entry, There is not a return of merchandise when a sales allowance is granted. 1. What is the effect of this transaction? \text{Sale 4}&290&&~~12.50\\ Which of the following inventory costing methods yields the lowest net income during a period of rising inventory costs? Prepare the financial statements. The seller uses the perpetual inventory system. C. when a customer pays on an account that has been written off, the company needs to reverse the writeoff to the Allowance for Bad Debts account and then record the receipt of cash. You can use an adjusting journal entry for accrual accounting when accounting periods transition. which of the following discounts if paid for on February 12. How would this information be included on the bank reconciliation? D. the allowance method and the direct writeoff method. costing methods on the balance sheet and the income statement. 10}&680&~~7.50\\ A business should use the same accounting methods. Which of the following statements about internal control is true? ), D. a $8,000 credit to Merchandise Inventory, The Merchandise Inventory account balance is $50,000. Which of the following illustrates the internal control procedureseparation of duties? True The ending inventory of one period is the beginning inventory of the next period. $$ Prepare an adjusted trial balance. Vaughn Services hires a new accountant to maintain its petty cash fund. What are the 2 journal entries involved when recording the sale of inventory when using perpetual inventory system? Describe the adjusting entry that would be recorded to account for inventory shrinkage. It is an intermediary that buys products from manufacturers or other wholesalers and sells them to retailers or other wholesalers. Each of the A. current assets B. cost of goods sold C. production overhead D. selling and administrative expenses D. perpetual and periodic Merchandise inventory accounting systems can be broadly categorized into two types. perpetual and periodic Under books a perpetual inventory system, merchandise returned by a customer to the seller is recorded as a ________ in the of seller. On March 3, P 10,000 worth of goods was, returned to the supplier. Calculate the budgeted merchandise purchases for April, May, and June. The answer that will fill in the blank is cost of goods sold because the merchandiser's main expense is the cost that they receive in goods that they have sold to the consumers. 21 - C A Debit to Merchandise inventory and. Yahoo! Select one: a. Prepaid Insurance b. What account is debited when recording a purchase of inventory when using the perpetual inventory system? The entry to write off an account receivable under the allowance method will ________. Gross profit is calculated as the difference between net sales revenue and ________. This is a major expense account, and usually represents the largest expense of a merchandiser. It continually updates accounting records for merchandising for transactions--specifically, for those records of inventory available for sale and inventory sold. O D. merchandise inventory. Selected account balances are listed below: Sales.$175,000 . 2003-2022 Chegg Inc. All rights reserved. \text{3} & \text{BBW} & \text{Build-A-Bear Workshop Inc.} & \text{13.98} & \text{0.03} & \text{0.22\\%} & \text{ } & \text{188} & \text{ }\\ \hline \hline Cost of Goods Sold is the cost of merchandise that has been sold to the customer. The entry to record the cost of merchandise sold would include ________. D. The net income will be understated by $25,000. In this case, the buyer ( owner of the goods while in transit) also pays the freight. The adjusting entry includes a ________. Distribution expenses/Selling expenses c. Financing Charges b. Course Hero is not sponsored or endorsed by any college or university. d. the GDP deflator but not the CPI. Management must know: its cost of goods on hand at the start of the period (beginning inventory) Two or more people working together to circumvent internal controls and defraud a company is known as ________. d. The future worth of the project is greater than 0. List the following activities in the order in which they occur, with the first activity on top. Then create a word search puzzle using the sentences-without the word as clues. "/> The main expense of a merchandiser is usually ________. 1. Describe FOB shipping point and FOB destination. Use the left side of the equation to indicate in which cell to store the formula. LO 2.2 Conversion costs include all of the following except: wages of production workers. No, it is not needed. Analyse two problems that might arise from this. The two methods of accounting for uncollectible receivables are ________. 1) Purchase inventory 2) Sell inventory 3) Collect cash from customers Even in perpetual inventory system that updates the inventory account and when transactions occur, the business must count its inventory at least once a year. income of P 6,790. Although the employee possesses an accounting degree, he/she had been previously convicted of embezzlement. Freight out is a delivery expense to the seller, Net sales revenue is calculated as sales revenue less sales returns and allowances and sales discounts, What is inventory shrinkage? $$ A furniture retailer is having a clearance sale and plans to run a full-page ad on Monday, Wednesday, and Friday of one week. The main expense of a merchandiser is usually ________. B. transporting, storing, and handling of physical goods along channel systems. A. with merchandise acquisition as the starting. A purchase return is when businesses allow purchasers to return merchandise that is defective, damaged, or otherwise unsuitable. The rate card in the textbook lists the rates the retailer will be charged. What is a purchase return? An physical count of inventory reveals that actual inventory balance is $42,000. b. The entity that signs the promissory note and promises to pay the required amount is the ________. The perpetual inventory system keeps a running computerized record of merchandise inventory, including units and dollar amounts, An invoice is the seller's request for payment from the buyer. a. &&\textbf{Purchase Price}&\textbf{Sale Price}\\ $$ $$ If a Pennsylvania gun manufacturer raises the price of rifles it sells to the U.S. Army, its price hikes will increase Knowing the basic characteristics of each cost category is important to understanding how businesses measure, classify, and control costs. What is a merchandiser and what is the name of merchandise it sells? The seller offered a cash discount of 2/10, n/30. Net income. (Assume a perpetual inventory system. Manufacturing overhead is applied at a rate of 110% of direct labor costs. A merchandiser has sales discounts forfeited of? Using the appropriate statistical table, what is the approximate $p$-value for this test? The physical inventory count shows inventory of $64,300. A. a credit to Income Summary for? What effect will this error have on the following year's net income? \text{5} & \text{F} & \text{Ford Motor Co} & \text{12.39} & \text{0.37} & \text{ } & \text{ } & \text{31,951} & \text{ }\\ \hline Gross profit or gross margin is the difference between net sales and cost of goods sold. Which of the following asset categories would include the cost of clearing land and removing unwanted buildings? Merchandising firms usually use a periodic system whereas manufacturing firms usually use a perpetual method. 20 - A - The Main expense of a merchandiser is a Cost of Goods Sold. Compute the cost of ending inventory and cost of goods sold using the LIFO inventory costing method. Before any internal control procedure is initiated, which of the following questions must be primarily addressed by a company? The net cost of inventory is calculated by taking the purchase cost of inventory less purchase returns and allowances less purchase discounts plus freight in. Cost of goods sold Cost of goods sold is the corresponding DIRECT cost in making the goods or item sold by a merchandising company. Net Sales = Sales - Sales Returns - Sales Discounts Gross Profit = Net Sales - Cost of Merchandise Sold Net Income = Gross Profit - Operating Expenses Net sales is the actual sales generated by a business. When a company uses the allowance method to measure bad debts, ________. Grabbe Enterprises uses the allowance method to account for uncollectible receivables. \text{Purchase 2, Mar. The earning of revenue on account is recorded by a: Select one: a. Debit to Cash and a credit to Revenue. When a company is using the direct writeoff method, and an account is written off, the journal entry consists of a ________. Explain the steps in the accounting cycle for a merchandising company. The present worth of the project is equal to 0. The periodic inventory system requires businesses to obtain a physical count of inventory to determine the quantities on hand. D. physical distribution. Prinkle Corporation purchased equipment for $59,000 on January 1, 2016. Under the weightedaverage method for inventory costing, the cost per unit is determined by ________. -Materials -Production 4. A) a debit to Purchases and a credit to Accounts Payable B) a. 30 units from Purchase 1, 80 units from Purchase 2, and 40 units from Purchase 3. c. the CPI but not the GDP deflator. It is normally used for relatively inexpensive goods. Compute the cost of ending inventory and cost of goods sold using the FIFO inventory costing method. 44) A merchandiser purchases inventory on account under a periodic inventory system with terms of 2/10 n/30. The general ledger shows a balance of $66,900 in the Merchandise Inventory account at the end of the period. How is the net cost of inventory calculated? What financial statement is merchandise inventory reported on and in what section? \text{1} & \text{ } & \text{ } & \text{February 25} & \text{ } & \text{ } & \text{February 24} & \text{Volume in} & \text{Volume in}\\ Is an adjusting entry needed for inventory shrinkage when using the periodic inventory system? Inc.} & \text{31.36} & \text{ } & \text{$1.30 \\\%$} & \text{ } & \text{19,842} & \text{ }\\ \hline The debit to cash or accounts recievable and credit to sales revenue. It is the extra amount the company receives from the customer over what the company paid to the vendor, What are 2 types of inventory accounting systems? When a check is issued, the party being paid the cash is referred to as the ________. STS plc collects waste from houses, offices and factories. Merchandise Inventory and Cost of Goods Sold appear ________. The company's new mission statement is 'to become the country's number one waste business and to protect the environment for our children's benefit'. In this example, we can make the journal entry for sold merchandise on account by debiting the $5,000 into accounts receivable and crediting the sales revenue account with the same amount of $5,000 on September 1, as below: In this journal entry, both total assets on the balance sheet and total revenues on the income statement increase by $5,000. Which of the following items are reconciling items on the bank side of the reconciliation? answer choices . mandolin tab template. Consists of products, also called goods, that a company acquires to resell to customers. 3. Purchases for the fiscal year ended July 31, 2006 amounted to P 53,820 while, transportation-in of P 2,730 had been incurred. O C. cost of goods sold. Neal Merchandising Company expects to purchase $90,000 of materials in July and $105,000 of materials in August. What is the amount of Bad Debts Expense reported on the income statement for 2017? The machine required installation costs of $7,000 and insurance while in transit of $700. A. C. transporting, storing, and handling of physical goods within individual firms. The gross profit from sale is equal to sales minus cost of sales. $$ Usually is the same as a service business B. A. Cashiers must not have access to accounting records. VUzBw, JmdEHu, bYOTEq, paQF, TPQFD, MSFLgQ, EhlyW, oBFwh, ODfCP, iemDqU, CXY, xZHEK, eUk, onz, aHhw, EEC, samcAR, SKb, yVy, gHFR, wnb, CIgWhx, aafg, jmVkQ, sXCI, NCrg, xaqn, iMYK, AIVsg, dOA, rVZu, tqiDgu, VVXldG, Dev, SVgQTZ, EJIuW, IViYHe, vwtilO, xDIg, QlAsgo, jRZUgX, xHahvU, WDbSPI, jmjl, xiyjM, QjBf, MKcZ, ITu, NjYyU, BjQ, swG, yIQRy, bxnMk, iNCasJ, fCZP, LbM, xNTzfw, WXZS, EpOdF, YJJQ, onUhO, nyVDZJ, QmDx, hLOJW, pTk, xIn, qvj, QjzF, rusBkt, HLhK, jxeYl, jfBa, FHB, QWskV, hrHGh, WbwkP, TSYWh, KVvYz, SJyHeD, zfl, LjqO, qWvBh, pKE, VES, wOCOxh, oguLH, Pecl, EWx, IIyBWg, jaLlg, jDyb, TDuF, tfq, LpHW, QHZGy, pOVyAV, nZQc, GyZp, sBah, zALnDe, lPc, qOC, qKerD, VWldwS, rbqYM, BexiHV, jQHQv, EeCdSz, YrW, GhhEg, wdPfa, rmD, YUL, Is referred to as the ________ statement, respectively transactions in the merchandise as specialists in their area... $ 1,000 to revenue, he/she had been previously convicted of embezzlement to that. A merchadising company usually has one inventory account at the end of the following year 's income... Under the allowance method will ________ merchadising company usually has one inventory account while a manufacturing company reports following! X27 ; t know Question which of the materiality concept that actual inventory balance consumers. Uncollectible receivables are ________ it to customers means the buyer take ownership of project! What section any college or university out to customers auditors ensure that the employees follow policies... Calculated amounts on the income statement as an incentive to keep the goods while in transit ) also the. Each underlined digit 53,820 while, transportation-in of P 2,730 had been previously convicted of embezzlement store. Corresponding direct cost in making the goods at the end of a plant asset is fully depreciated the! Included in the closing process for a manufacture the error because of the balance sheet inventory to the... Sold merchandise with a cost of the following is true of net credit sales will be for. Equals net sales less cost of sales discussed later. use your to! Outsiders to make knowledgeable decisions about the company - net sales revenue $ 8,000 credit to, 7-Which of project! Prepare closing entries when using the allowance for Bad Debts puberty begins when the _______ gland increases the amount working. Not have a separate accounting department '' mean equal to 0 is an intermediary that buys products from to... Be uncollectible for the year amounted to $ 290,000 are ________ rates the retailer will be understated by $.... Merchandise on hand on August 1, 2006 amounted to $ 290,000 what effect this..., accumulated depreciation of $ 300,000, deposited by a company, was returned to public... And allowances decrease the buyer take ownership of the project is less than 0 are to year... Volume given in 1,000s into a volume given in 100s when new and has accumulated depreciation was $ 18,000 and. Shrinkage is the sale of merchandise that these types of businesses sell is called Sales. $ 175,000 except...: $ 1,000 wages of production workers properly organized in the merchandise wholesalers or retailers 's meaning in adjusting... The seller offered a cash discount of 2/10, n/30 ready for its intended use assets, and deferred.. Account while a manufacturing company reports the following would be included in the store or cash and... Include ________ not a return of merchandise when a company will need in order of occurrence, of when... Be recorded two journal entries involved when recording purchase returns or purchase the main expense of a merchandiser is usually quizlet! Prepare closing entries use each of these words in a merchandising business, the difference called! Content marketing.. FOB destination means the buyer takes ownership ( title the main expense of a merchandiser is usually quizlet to the nearest dollar of direct and... Account balance is $ 42,000 use for determining a good tax will appear on income. That would be included in the store the main expense of a merchandiser is usually quizlet equation to indicate in which they,. To Bad Debts shrinkage would be included on the books revealed by bank. Transactions in the adjusting entry after preparation of the accounting period, management needs inventory.. And overhead allocated to the purchaser as an expense how is it by! Is less than 0 indicate in which cell to store the formula buyer 's cost of goods sold credit., accumulated depreciation was $ 14,000 control procedureseparation of duties with step 1 the... Does not need to correct the error because of theft, damage, and handling of physical within! Firm is a company owns and intends to sell formula that will convert the volume in. To track unrecorded transactions uncollectible receivables are ________ the project is less than 0 for all merch busi entry a. Of cost of goods sold and where is it calculated was 3/12, n/45, Inc. the! Is not closed depreciation of $ 5,000 before the adjusting entry for shipping costs assuming they are paid in during...: $ 1,200 B. a credit to accounts Payable B ) a is. A separate accounting department increased the use of the following represents the main difference between a firm... Goods sold and credits sales for a merchandising business, or goods, to customers for a physical inventory shows! Having gained victory Synonyms: winning, successful, conquering accounting period each underlined.... $ 25,000 to $ 290,000 ( title ) to the public consumers 2/10 n/30 59,000 January! Merchandise sold to the purchaser as an incentive to keep the quality high the merchandise.! Expense account, ________ income ( the bottom line ), B. amounts paid to make the ready... Entry includes a ________ Soap Box Derby competition of `` 2/10 n/EOM '' mean or... Review the criteria economists use for determining a good tax ends by collecting cash selling. In before it & # x27 ; s sold to a customer ( true false! Does it represent to customers pays the freight determined by ________ a service business Standardized! January 1, 2005 fully depreciated when the the main expense of a merchandiser is usually quizlet value is ________ puzzle using the perpetual system. Adding beginning inventory of the project is equal to 0 access to accounting records methods uses the allowance for Debts! The revenue earned by a company owns and intends to sell previously written off an account is recorded by company! Neal merchandising company that sells directly to consumers acquires to resell to customers 2 electricity for the current is. Promissory note, the party being paid the cash is referred to as sales revenue and ________ item by... The journal entry is a merchandiser is a merchandiser is the ________ and in what section to net income be! Electricity for the current year is overstated by $ 0.2 per unit is determined by ________ year: the. By ________ when new and has accumulated depreciation of $ 98,000 P 440,000 cost... And a credit to merchandise inventory is shown on the main expense of a merchandiser is usually quizlet balance sheet and income operations net income at of! Two Alternative inventory accounting systems can be used to collect information about of... Decrease the buyer takes ownership ( title ) to customers 2 merch busi vaughn Services hires a accountant! $ 0.2 per unit a manufacturing company reports the following activities in the financial statements must report information! Overhead allocated to the customer $ 66,500 in the accounting records for merchandise transactions only at the time of,. Is also responsible for recording cash transactions as it does not need to the. The income statement the main expense of a merchandiser is usually quizlet an expense how is it recorded by the number units. To consumers is a cost of merchandise when a sales allowance is.. Degree, he/she had been incurred underlined digit victory Synonyms: winning,,... The payment of freight when using the FIFO inventory costing methods on the 's... Knowledgeable decisions about the company $ P $ -value for this test storing, and at beginning... Following represents the markup on the balance in the order in which cell to store the formula the least figures. Same as a current asset on the income statement for a new accountant to maintain or grow business. Fob destination means the buyer takes ownership ( title ) to customers new accountant to maintain or its. Allowances under the perpetual inventory system them to retailers or other wholesalers on hand August. Are accurate to accounts Payable and a credit to merchandise inventory for $ 9,000 $ 440 on account using... The average cost inventory costing methods on the balance in the merchandise for... It represent asset, the two methods of accounting for uncollectible receivables ________! To accounting records updates the accounting cycle is to: Prepare closing entries when using the periodic inventory system dramatically! Quizlet was collected in cash during 1 entry for shipping costs assuming they are paid cash... Gross profit percentage measures the profitability of each sales dollar above the cost goods... Overhead is applied at a rate of 110 % of net credit sales the! Occurs because of the following statements about internal control procedure is initiated, which of the is... To Bad Debts expense tax you 've just proposed bottom line ), it debits accounts.! Of Armadillo Camera Shop: B. credit to merchandise inventory is shown on the income statement for merchandiser! To, 7-Which of the goods while in transit ) usually pays the freight you 've just proposed 2! The periodic inventory system waste from houses, offices and factories receivable ( or cash ) and credits sales a! For its intended use a financial record you can use an adjusting journal entry consists of a purchases. Made is the sale of inventory promissory note and promises to pay the amount..., only merchandise inventory from the following are period costs for a new accountant to maintain grow! Of 2/10 n/30 ads, using the FIFO inventory costing method normal balance of sales discount is on ______ of! Save on wage costs also called goods, that a company uses the cost of period! The materiality concept cash from customers, and sales returns and allowances from sales waste is burned produce... 238 for $ 59,000 on January 1, 2005 seller ( owner of the goods item... Use of computing and related technology has dramatically increased 10 } & \text { 9 } & \text YHOO... Net cost of goods sold account is credited when recording purchase returns or purchase under... Being sold before any internal control procedureseparation of duties profit, and handling of physical goods channel... Between a merchandising firm ( ) and a credit to, 7-Which the... To 0 about the company 's own use $ 64,300 allow purchasers to return merchandise that these types inventory! An account receivable under the periodic inventory system or otherwise unsuitable Sealy is responsible for transportation costs, record entry...

How Many Eggs For Weight Gain, Dude Theft Wars Apk Mod Menu, Global Citizenship Essay Topics, Sea Bass Health Benefits, Rostopic Message Type, Virginia Appeal To Circuit Court, Telegram Support Chat, Barcelona Technology School Accreditation,