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Color Images,Inc.started March 1,20X3 with an inventory balance of 20 pieces of lumber originally purchased for $2.00 per piece.During the month,the company purchased 100 pieces of lumber for $2.00 per piece for cash and sold 50 pieces of lumber on account to one contractor for $5.00 per piece.At the end of March,20X3,Color Images,Inc.conducted a physical inventory of its lumber and accounted for 66 pieces of lumber.The company uses a perpetual inventory system.Make the necessary journal entries for the month of March,20X3.
Diastereomer
Stereoisomers that are not mirror images of each other, differing in the spatial arrangement of atoms around one or more asymmetric centers.
Achiral
A term describing molecules that are superimposable on their mirror images, indicating they do not possess handedness or chirality.
Asymmetric Carbons
Carbon atoms bonded to four different groups, resulting in chirality and the potential for molecules to exist as enantiomers.
Enantiomers
Molecules that are mirror images of each other but cannot be superimposed, possessing opposite optical activities.
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