Accounts Payable Accounts Receivable Wages Payable Prepaid Expenses Dividends Sales Revenue Notes Payable (due 4/30/22) Cost...
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Accounts Payable Accounts Receivable Wages Payable Prepaid Expenses Dividends Sales Revenue Notes Payable (due 4/30/22) Cost of Goods Sold Loss on Sale of Equipment Inventory Advertising Expense Insurance Expense 42.5% 58.4% 37.0% $7,200 8,400 3,400 500 51.1% 62.3% 2,000 99,850 1,000 Determine the Gross Profit Ratio for 2021: 48,800 5,500 9,500 2,500 2,000 Rent Expense Equipment Furniture Notes Payable (due 12/31/23) Accumulated Depreciation 8,000 14,000 20,000 Cash Common Stock Goodwill Retained Earnings (1/1/21) $3,000 74,500 16,600 40,900 Marketable Equity Securities Depreciation Expense Unearned Revenue 10,000 16,150 300 1,100 2,200 Accounts Payable Accounts Receivable Wages Payable Prepaid Expenses Dividends Sales Revenue Notes Payable (due 4/30/22) Cost of Goods Sold Loss on Sale of Equipment Inventory Advertising Expense Insurance Expense 42.5% 58.4% 37.0% $7,200 8,400 3,400 500 51.1% 62.3% 2,000 99,850 1,000 Determine the Gross Profit Ratio for 2021: 48,800 5,500 9,500 2,500 2,000 Rent Expense Equipment Furniture Notes Payable (due 12/31/23) Accumulated Depreciation 8,000 14,000 20,000 Cash Common Stock Goodwill Retained Earnings (1/1/21) $3,000 74,500 16,600 40,900 Marketable Equity Securities Depreciation Expense Unearned Revenue 10,000 16,150 300 1,100 2,200
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Related Book For
Financial Accounting Tools for business decision making
ISBN: 978-0470534779
6th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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