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 P. Juarez, Capital Purchases Freight-In Ending Merchandise Inventory, December 31, 2012 Sales Accounts Receivable Cash Purchases Discounts Sales Returns and Allowances Beginning Merchandise Inventory, January 1, 2012 Purchases Returns and Allowances Sales Discounts $3,800 1,150 12,460 6,785 157 1,670 13,730 2,675 1,456 262 208 1,940 466 424
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a Net Sales Sales SRA SD 13730 208 424 13098 b Cost of Goods Sold Beg Inv Net ...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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