Determining Merchandise Amounts?Periodic Two or more items are omitted in each of the following tabulations of income
Question:
Determining Merchandise Amounts?Periodic Two or more items are omitted in each of the following tabulations of income statement data. Fill in the amounts that are missing.
Transcribed Image Text:
2009 2010 2011 $290.000 $410,000 13,000 Sales returns Net sales Beginning inventory Ending inventory 6,000 347,000 20,000 32,000 260,000 298,000 10,000 12,000 Purchase returns and allowances Transportation-in Cost of goods sold Gross profit on sales 8,000 5,000 8 9,000 238,000 303,000 97,000 91,000
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 61% (13 reviews)
2009 2010 2011 Sales 290000 360000 410000 Sales Returns 600...View the full answer
Answered By
Nazrin Ziad
I am a post graduate in Zoology with specialization in Entomology.I also have a Bachelor degree in Education.I posess more than 10 years of teaching as well as tutoring experience.I have done a project on histopathological analysis on alcohol treated liver of Albino Mice.
I can deal with every field under Biology from basic to advanced level.I can also guide you for your project works related to biological subjects other than tutoring.You can also seek my help for cracking competitive exams with biology as one of the subjects.
3.30+
2+ Reviews
10+ Question Solved
Related Book For
Intermediate Accounting
ISBN: 978-0470423684
13th Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield
Question Posted:
Students also viewed these Accounting questions
-
Two or more items are omitted in each of the following tabulations of income statement data. Fill in the amounts that aremissing. 2013 2014 2015 $307,500 $217,500 8,250 Sales Sales returns Net sales...
-
Two or more items are omitted in each of the following tabulations of income statement data. Fill in the amounts that aremissing. 2006 2007 2008 $290,000 $ $410,000 Sales Sales returns Net sales...
-
Two or more items are omitted in each of the following tabulations of income statement data for a business following ASPE. Instructions Fill in the amounts that are missing. 2019 2018 2020 Sales...
-
The data in CPU reflect the annual values of the consumer price index for all urban consumers (CPI-U) in the United State over the 54-year period 1965 through 2018, using 1982 through 1986 as the...
-
What jobs do you think have the best mix of salary and other characteristics that individuals care about in details?
-
A position control system for a DC motor is shown in Figure AP7.8. Obtain the root locus for the velocity feedback constant K, and select K so that all the roots of the characteristic equation are...
-
Explain the ways in which relations in a polygynous family between siblings who share the same mother and father are likely to be different than relations between siblings that share the same father...
-
On December 31, 2014, Herndon Corp. issues 512%, 10-year convertible bonds payable with a maturity value of $4,000,000. The semiannual interest dates are June 30 and December 31. The market interest...
-
On January 1, 2022, KJK Company had $12,000 in assets, $3,000 in liabilities, $4,000 in share capital and $2,000 in other components of equity. During 2022, the Company had revenues of $10,000,...
-
Pure Company purchased 70% of the ordinary shares of Gold Company on January 1, Year 6, for $483,000 when the latter companys accumulated depreciation, ordinary shares and retained earnings were...
-
Inventoriable CostsError Adjustments Werth Company asks you to review its December 31, 2010, inventory values and prepare the necessary adjustments to the books. The following information is given to...
-
Purchases Recorded Net Presented below are transactions related to Guillen, Inc. May 10 Purchased goods billed at $20,000 subject to cash discount terms of 2/10, n/60 11 Purchased goods billed at...
-
The Core Plus Mathematics Project (CPMP) is an innovative approach to teaching mathematics that engages students in group investigations and mathematical modeling. After field tests in 36 high...
-
3x Find the x- and y-intercepts of y = = +4. 5
-
1. Write a c18 program to control the speed of DC motor by using a PWM with Fpwm-20 kHz and Fosc=32 MHz. The reference speed comes from five pushbuttons where. [6 points] pushbutton Reference speed...
-
At $2.50 per cupcake, the supply is 370 cupcakes and the demand is 400 cupcakes. When the price rises to $3.00, the supply increases to 390 cupcakes and the demand falls to 360 cupcakes.
-
Utilize ChatGPT and discuss the skills that CompTIA Project + cover, and share your findings.
-
A medical research team is interested in estimating the mean systolic blood pressure among teenagers. From previous study, they do know that the population standard deviation is 10. How many...
-
Compute interest and find the maturity date for the following notes (NT$ in thousands). Determine maturity dates and compute interest and rates on notes. Date of Note Principal Interest Rate (%)...
-
The manager for retail customers, Katie White, wants to hear your opinion regarding one business offer she has received from an entrepreneur who is starting a mobile phone app called Easy Money. The...
-
A type of program that is typically event-driven is the_______ program. a. Command line b. Text-based c. GUI d. Procedural
-
What types of contractual obligations must be disclosed in great detail in the notes to the balance sheet? Why do you think these detailed provisions should be disclosed?
-
What is the professions recommendation in regard to the use of the term surplus? Explain.
-
What is the professions recommendation in regard to the use of the term surplus? Explain.
-
Whatare basis of the segmentation? How would you improve on this strategy in marketing ? What are the basis of the segmentation? How would you improve on this strategy?
-
Jimmy has a bond with a $1,000 face value and a coupon rate of 9.5% paid semiannually. It has a five-year life. a) If investors are willing to accept a 14 percent rate of return on bonds of similar...
-
A zero-coupon bond that will pay $1,050 in 12 years is selling today for $441.91. What interest rate does the bond offer?
Study smarter with the SolutionInn App