Wayne Company is considering a long-term investment project called ZIP. ZIP will require an investment of $120,400. It will have a useful life of 4 years and no salvage value. Annual revenues would increase by $79,032, and annual expenses (excluding depreciation) would increase by $39,300. Wayne uses the straight-line method to compute depreciation expense. The company’s required rate of return is 13%.

Gamegirl inc., has the following transactions during august. august 6 sold 76 handheld game devices for $230 each to ds unlimited on account, terms 2/10, net 60. the cost of the 76 game devices sold, was $210 each. august 10 ds unlimited returned six game devices purchased on 6th august since they were defective. august 14 received full amount due from ds unlimited. required: prepare the transactions for gamegirl, inc., assuming the company uses a perpetual inventory syste