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Larsen Realty Corp & Chippewas Company

Please see attached. There are two problems, they are under sheet 1 and sheet 2.

E9-7 (Relative Sales Value Method) Larsen Realty
E8-9 (Periodic versus Perpetual Entries) Chippewas


Solution Summary

The attached MS Excel spreadsheets contain detailed illustrations and instructions for the calculation of relative sales value (E9-7: Larsen Realty Exercise), and the required journal entries from periodic versus perpetual inventory methods (E8-9: Chippewas Company Exercise).