From the information listed below for the NHS Company, prepare the income statement to the gross...
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From the information listed below for the NHS Company, prepare the income statement to the gross profit for the year ended December 31, 2021. Use the information below. (14 marks) Sales $90 000 Sales Returns and Allowances 2.000 Discounts Allowed 5.000 Merchandise Inventory, January 1, 2021 11 000 Merchandise Inventory, December 31, 2021 9 000 Purchases 36 000 Purchases Returns and Allowances 1000 Discounts Earned 1500 Freight-in 1200 Breakdown Calculeted Cest of Good Sold Calculated Net Purchase and Net Calculated Gross Profit Allts are put in the cent Calculated Goods Available for sale Mark Breakdown Your mark Comm 14 1 Parculers NHS Company Income Statement December 31, 2021 Debit Credit From the information listed below for the NHS Company, prepare the income statement to the gross profit for the year ended December 31, 2021. Use the information below. (14 marks) Sales $90 000 Sales Returns and Allowances 2.000 Discounts Allowed 5.000 Merchandise Inventory, January 1, 2021 11 000 Merchandise Inventory, December 31, 2021 9 000 Purchases 36 000 Purchases Returns and Allowances 1000 Discounts Earned 1500 Freight-in 1200 Breakdown Calculeted Cest of Good Sold Calculated Net Purchase and Net Calculated Gross Profit Allts are put in the cent Calculated Goods Available for sale Mark Breakdown Your mark Comm 14 1 Parculers NHS Company Income Statement December 31, 2021 Debit Credit
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Related Book For
Modern Advanced Accounting in Canada
ISBN: 978-1259087554
7th edition
Authors: Hilton Murray, Herauf Darrell
Posted Date:
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