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Edit View History Bookmarks People Window Help x-jo3@gmax Assignment 2 (→ 2. Not Secure ezto.mheducation.com/hm.tpx vake 10.00 points Cash Accounts receivable Inventory Problem 6.2A Preparation and Interpretation of a Merchandising Company's Income Statement L.O. 1-3, 6, 8 Hendry's Boutique is a retail clothing store for women. The store operates out of a rented building in Taipei, lowa. Shown below is the store's adjusted year-end trial balance dated December 31, 2013. Prepaid rent Office supples Office equipment Ordinary shares Retained earings Accumulated depreciation office equipment Accounts payable O Sales taxes payable ww Sales < Review Question 2 (of 5) HENDRY'S BOUTIQUE ADJUSTED TRIAL BALANCE DECEMBER 31, 2013 CH Sales returns and allowances Cost of goods sold Purchase discounts lost Utlites expense Office supply expense Depreciation expense office equipment Rent expense Insurance expense Salaries expense Income taxes expense 30 $ 15,200 2,600 17,500 1,800 900 41,000 Score This Question 2,500 100,575 250 4,120 520 2,750 6,100 900 $ 12,000 12,750 3,200 18,000 21,000 226,000 88,095 8,190 $293,000 $293,000 Instructions a. Prepare an income statement for Hendry's Boutique dated December 31, 2013. Input all amounts as positive values. Omit the "S" sign in your response) MacBook Air NONG le Edit View History Bookmarks People Window Help Minbox (8)-553@gmail.x Assignment 2 CNot Secure ezto.mheducation.com/hm.tpx Instructions a. Prepare an income statement for Hendry's Boutique dated December 31, 2013. (nput all amounts positive values. Omit the "S" sign in your response) Sales (Click to select) (Click to select) (Click to select) (Click to select) Other expenses (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) 30 HENDRY'S BOUTIQUE Income Statement For the Year Ended December 31, 2013 B # 4 # # # # 0 # # # $293,000 $293.000 # # # b. Compute the store's gross profit margin as a percentage of net sales. (Omit the "" sign in your response.) Gross profit MacBook Air PXOW Edit View History Bookmarks People Window Help x-jo3@gmax Assignment 2 (→ 2. Not Secure ezto.mheducation.com/hm.tpx vake 10.00 points Cash Accounts receivable Inventory Problem 6.2A Preparation and Interpretation of a Merchandising Company's Income Statement L.O. 1-3, 6, 8 Hendry's Boutique is a retail clothing store for women. The store operates out of a rented building in Taipei, lowa. Shown below is the store's adjusted year-end trial balance dated December 31, 2013. Prepaid rent Office supples Office equipment Ordinary shares Retained earings Accumulated depreciation office equipment Accounts payable O Sales taxes payable ww Sales < Review Question 2 (of 5) HENDRY'S BOUTIQUE ADJUSTED TRIAL BALANCE DECEMBER 31, 2013 CH Sales returns and allowances Cost of goods sold Purchase discounts lost Utlites expense Office supply expense Depreciation expense office equipment Rent expense Insurance expense Salaries expense Income taxes expense 30 $ 15,200 2,600 17,500 1,800 900 41,000 Score This Question 2,500 100,575 250 4,120 520 2,750 6,100 900 $ 12,000 12,750 3,200 18,000 21,000 226,000 88,095 8,190 $293,000 $293,000 Instructions a. Prepare an income statement for Hendry's Boutique dated December 31, 2013. Input all amounts as positive values. Omit the "S" sign in your response) MacBook Air NONG le Edit View History Bookmarks People Window Help Minbox (8)-553@gmail.x Assignment 2 CNot Secure ezto.mheducation.com/hm.tpx Instructions a. Prepare an income statement for Hendry's Boutique dated December 31, 2013. (nput all amounts positive values. Omit the "S" sign in your response) Sales (Click to select) (Click to select) (Click to select) (Click to select) Other expenses (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) 30 HENDRY'S BOUTIQUE Income Statement For the Year Ended December 31, 2013 B # 4 # # # # 0 # # # $293,000 $293.000 # # # b. Compute the store's gross profit margin as a percentage of net sales. (Omit the "" sign in your response.) Gross profit MacBook Air PXOW
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Related Book For
Auditing and Assurance services an integrated approach
ISBN: 978-0134065823
16th edition
Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Chris E. Hogan
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