The Puzzle Maze Company Sells Games and Puzzles Using a Perpetual

question 77

Essay

The Puzzle Maze Company sells games and puzzles using a perpetual inventory method. The following transactions took place during the month of April.
1 Paid $12,000 in advance for rent.
3 Purchased supplies for the office paying cash in the amount of $1,560.
4 Cash sales in the amount of $3,450 and credit sales of $1,240 were received for puzzles sold. Inventory cost was $2,345
8 Purchased inventory on account in the amount of $2,345.
14 Paid wages of $2,367. The wages had not been previously accrued.
16 Received cash sales in the amount of $1,246; the cost of inventory sold was $623.
24 Paid for the inventory purchased on April 8.
26 Paid the utility bill for $256 and paid for internet access in the amount of $175.
29 Purchased advertising on account in the amount of $650. The advertising charge was for three months, starting May 1.
30 Received cash sales in the amount of $2,450 and credit sales of $3,240 for puzzles sold.
Inventory costs were $2,845.

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Definitions:

Implicit Motives

Unconscious motives that influence a person's behavior, often measured through projective tests rather than self-report questionnaires.

Family Environment

The overall conditions and dynamics within a family unit, including relationships, communication patterns, and the emotional atmosphere, which influence individual development and behavior.

Abraham Maslow

An American psychologist best known for creating Maslow's hierarchy of needs, a theory of psychological health predicated on fulfilling innate human needs.

Needs Drive Motives

The concept that basic physiological and psychological needs drive individuals to engage in behaviors that satisfy those needs.