On the basis of the accounts listed below, calculate: a. Net sales b. Cost of goods sold
Question:
a. Net sales
b. Cost of goods sold
c. Gross profit
d. Net income
Transcribed Image Text:
Accounts Payable Operating Expenses J. Jensen, Capital Purchases Freight-In Ending Merchandise Inventory, December 31, 2013 Sales Accounts Receivable Cash Purchases Discounts Sales Returns and Allowances Beginning Merchandise Inventory, January 1, 2013 Purchases Returns and Allowances Sales Discounts 6,000 2,000 19,400 4,450 80 1,250 10,210 1,489 756 142 275 1,565 251 394
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a Net Sales Sales SRA SD 10210 275 394 9541 b Cost of Goods Sold Beg Inv Net Purch Freightin ...View the full answer
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Related Book For
College Accounting A Practical Approach
ISBN: 978-0132564441
11th Canadian Edition
Authors: Jeffrey Slater, Brian Zwicker
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