31. The following information was drawn from the accounts of Forward Corporation which uses the periodic...
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31. The following information was drawn from the accounts of Forward Corporation which uses the periodic inventory system. Prepare a Schedule of Cost of Goods Sold and a multi-step Income Statement on the forms provided for the current year. Advertising Expense Beginning Inventory Ending Inventory Purchases Purchase Returns & Allowances Salaries Expense Sales Revenue Sales Returns & Allowances Transportation In Transportation Out $200 50 60 590 75 365 2,900 310 35 25 1 MET Forward Corporation Schedule of Cost of Goods Sold Forward Corporation Income Statement LG 31. The following information was drawn from the accounts of Forward Corporation which uses the periodic inventory system. Prepare a Schedule of Cost of Goods Sold and a multi-step Income Statement on the forms provided for the current year. Advertising Expense Beginning Inventory Ending Inventory Purchases Purchase Returns & Allowances Salaries Expense Sales Revenue Sales Returns & Allowances Transportation In Transportation Out $200 50 60 590 75 365 2,900 310 35 25 1 MET Forward Corporation Schedule of Cost of Goods Sold Forward Corporation Income Statement LG
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Related Book For
Governmental and Nonprofit Accounting
ISBN: 978-0132751261
10th edition
Authors: Robert Freeman, Craig Shoulders, Gregory Allison, Robert Smi
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