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:

Condemnation

The expression of very strong disapproval or the act of sentencing someone to a particular punishment, especially in a moral or legal context.

Expulsion

The act of forcing someone or something out of a place or situation.

Nucleus Accumbens

A region in the brain involved in the reward circuit, playing a key role in pleasure, reinforcement, and addiction.

Neurologically Rewarding

An experience or activity that triggers the brain's reward system, leading to pleasure and potentially reinforcing certain behaviors.