Adam’s Computer Shop had the following transactions last week. Record the general journal below. Oct. 1 – Bought supplies on account for $620.
Oct. 6 – Repaired computer for customer and received $350.
Oct. 7 – Bought equipment for $2,500. Paid $900 in cash now and pay the rest later.
Oct. 9 – Paid the bill for the supplies bought on Oct. 1

An allergy products superstore buys 6000 of their most popular model of air filters each year. the price of the air filters is $18. the cost of ordering and receiving shipments is $12 per order. accounting estimates annual carrying costs are 20% of the price. the supplier lead time is 2 days. the store operates 240 days per year. each order is received from the supplier in a single delivery. there are no quantity discounts. what is the store’s minimum total annual cost of placing orders & carrying inventory?