P6-6B Revised Solution
Note: This problem has a couple of remaining issues…First, on November 3, Yoshi only paid freight for 70 of the 80 units that were delivered on November 2. A possible explanation is that Yoshi called the supplier on November 2 and said that ten of the units received were damaged and the supplier agreed to pay the freight for the ten units and pick them up on the 9th. Second, we don't know if Yoshi took the discount on the units purchased on the 21st, but evidently not.
Requirement 1 November 2 | | Debit | Credit | Inventory | 8,000 | | Accounts Payable | | 8,000 | (Purchase inventory on account) | | November 3 | | | | Inventory | 210 | | Cash | | 210 | (Pay freight-in) | | November 9 | | | | Accounts Payable | 800 | | Inventory | | 800 | (Return inventory on account) | | November 11 | | | | Accounts Payable | 7,200 | | Inventory | | 144 | Cash | | 7,056 | (Pay on account less 2% discount)($110 = $5,500 × 2%) | | November 16 | | | | Accounts Receivable | 13,000 | | Sales Revenue | | 13,000 | (Sell inventory on account) | | Cost of Goods Sold | 9,800 | | Inventory | | 9,800 | (Cost of inventory sold) | | ($9,800 = ($95 × 50 units) + ($101 × 50 units)) | | November 20 | | | | Cash | 13,000 | | Accounts Receivable | | 13,000 | (Receive cash on account) | |

Problem 6-6B (continued)
Requirement 1 (continued) November 21 | | Debit | Credit | Inventory | 6,300 | | Accounts Payable | | 6,300 | (Purchase inventory on account) | | November 24 | | | | Cash | 8,100 | | Sales Revenue | | 8,100 | (Sell inventory for cash) | | Cost of Goods Sold | 7,270 | | Inventory | | 7,270 | (Record cost of inventory sold)($7,270 = ($101 × 20 units) + ($105 × 50 units)) |

Requirement 2 November 30 | | Debit | Credit | Cost of