BU486 Lecture Notes - Lecture 10: Sony Ten, Flea Market
Document Summary
D: cosgrove art & antiques sells unique art and antiques exclusively at antique shows. All inventory and supplies purchases are paid immediately with cash, or with checks from a bank account in the business name, to which sales are also deposited. Cosgrove purchases inventory from individuals and other dealers at garage sales, flea markets, antique malls, and estate sales. Each time cosgrove makes a purchase, she records the person"s name, address, date, specific items purchased and price paid, and total amount spent. Later at home, cosgrove cleans, researches and prices the inventory items. She assigns an inventory number to each item and records the asking price. Cosgrove buys price tags and display supplies from a company that sells at flea market and antique shows. All inventory and supplies purchases are paid immediately with cash, or with checks from a bank account in the business" name, to which sales are also deposited.
