V7 1 2 3. 4 5 5 7 3 5 5 7 Ac C. No. 100...
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V7 1 2 3. 4 5 5 7 3 5 5 7 Ac C. No. 100 105 110 115 46,300 Supplies 120 10,600 Prepaid Insurance 125 13,800 5 Office Equipment 140 23,300 5 Accumulated Amortization- Equipm 145 Automobile E Accumulated Amortization - Automo 155 S Bank 0 Accounts Receivable 1 Allowance for Doubtful Accounts 2 Merchandise Inventory 3 1 V7 14 34 35 36 37 38 39 |fx An fo tu= B Accounts Payable Loan Payable Mortgage Payable A. Owner, Capital A. Owner, Drawings Accounts Sales Sales Discounts Sales Returns and Allowances Purchases --- B 15 16 17 18 19 20 21 Mortgage Payable 22 A. Owner, Capital 23 A. Owner, Drawings 24 Sales 25 Sales Discounts 26 27 28 29 30 31 32 33 100% Prepaid Insurance Office Equipment Accounts Payable Loan Payable Net Income Sales Returns and Allowances D F G ABC Inc. Worksheet For the Year Ending December 31, 2015 200 225 230 300 305 400 405 410 500 Purchases Purchase Discounts Purchase Returns and Allowances Freight-in Automobile Expense Freight-out 150 50,000 Trial Balance DR CR 24,420 11,425 D 125 140 Accumulated Amortization - Equipm 145 Automobile 150 Accumulated Amortization - Automo 155 200 225 230 300 305 400 405 410 500 17,880 505 510 515 600 620 5,000 700 100 17,880 Cost of Goods Sold is: F 5,000 10,000 3,000 11,100 77,000 4,465 100,000 13,800 23,300 310 50,000 5,000 700 100 I G 5,000 10,000 3,000 11,100 77,000 4,465 100,000 J Adjustments Income Statement DR CR DR CR 550 350 3,100 3,100 2,050 211,775 211,775 L I J 700 100 M L N 700 100 100,000 O Complete the Income Statement section of the Worksheet, then calculate the Cost of Goods Sold. The ending Inventory is $43,950.00 Balance Sheet DR CR 24,420 11,425 43,950 10,600 13,800 23,300 50,000 M P 5,000 100,000 310 5,000 N O 10,000 3,000 11,100 77,000 4,465 13,800 23,300 50,000 STUVWXYZ 5,000 22,430 P 0 5,000 10,000 3,000 11,100 77,000 4,465 3,100 2,050 5,950 100,000 182,495 110,875 94,050 71,620 100,000 100,000 182,495 182,495 STUVW V7 1 2 3. 4 5 5 7 3 5 5 7 Ac C. No. 100 105 110 115 46,300 Supplies 120 10,600 Prepaid Insurance 125 13,800 5 Office Equipment 140 23,300 5 Accumulated Amortization- Equipm 145 Automobile E Accumulated Amortization - Automo 155 S Bank 0 Accounts Receivable 1 Allowance for Doubtful Accounts 2 Merchandise Inventory 3 1 V7 14 34 35 36 37 38 39 |fx An fo tu= B Accounts Payable Loan Payable Mortgage Payable A. Owner, Capital A. Owner, Drawings Accounts Sales Sales Discounts Sales Returns and Allowances Purchases --- B 15 16 17 18 19 20 21 Mortgage Payable 22 A. Owner, Capital 23 A. Owner, Drawings 24 Sales 25 Sales Discounts 26 27 28 29 30 31 32 33 100% Prepaid Insurance Office Equipment Accounts Payable Loan Payable Net Income Sales Returns and Allowances D F G ABC Inc. Worksheet For the Year Ending December 31, 2015 200 225 230 300 305 400 405 410 500 Purchases Purchase Discounts Purchase Returns and Allowances Freight-in Automobile Expense Freight-out 150 50,000 Trial Balance DR CR 24,420 11,425 D 125 140 Accumulated Amortization - Equipm 145 Automobile 150 Accumulated Amortization - Automo 155 200 225 230 300 305 400 405 410 500 17,880 505 510 515 600 620 5,000 700 100 17,880 Cost of Goods Sold is: F 5,000 10,000 3,000 11,100 77,000 4,465 100,000 13,800 23,300 310 50,000 5,000 700 100 I G 5,000 10,000 3,000 11,100 77,000 4,465 100,000 J Adjustments Income Statement DR CR DR CR 550 350 3,100 3,100 2,050 211,775 211,775 L I J 700 100 M L N 700 100 100,000 O Complete the Income Statement section of the Worksheet, then calculate the Cost of Goods Sold. The ending Inventory is $43,950.00 Balance Sheet DR CR 24,420 11,425 43,950 10,600 13,800 23,300 50,000 M P 5,000 100,000 310 5,000 N O 10,000 3,000 11,100 77,000 4,465 13,800 23,300 50,000 STUVWXYZ 5,000 22,430 P 0 5,000 10,000 3,000 11,100 77,000 4,465 3,100 2,050 5,950 100,000 182,495 110,875 94,050 71,620 100,000 100,000 182,495 182,495 STUVW
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To calculate the Cost of Goods Sold COGS we need to use the information provided in the worksheet C... View the full answer
Related Book For
Elementary Statistics Picturing The World
ISBN: 9780134683416
7th Edition
Authors: Ron Larson, Betsy Farber
Posted Date:
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