Question: please answer a-d thanks! Exercise 4-17A (Algo) Comprehensive exercise with sales discounts LO 4-2, 4.3, 4.4, 4.6, 4-7, 4-8 Junker's Stash started the Year 2

please answer a-d thanks!
please answer a-d thanks! Exercise 4-17A (Algo) Comprehensive exercise with sales discounts
LO 4-2, 4.3, 4.4, 4.6, 4-7, 4-8 Junker's Stash started the Year
2 accounting period with the balances given in the following horizontai financial
statements model. Duting Yeor 2, Junkerts Stash experienced the foliowing business events:
1. Poid cash to purchase $83.000 of merchandse inventory. 2. The goods

Exercise 4-17A (Algo) Comprehensive exercise with sales discounts LO 4-2, 4.3, 4.4, 4.6, 4-7, 4-8 Junker's Stash started the Year 2 accounting period with the balances given in the following horizontai financial statements model. Duting Yeor 2, Junkerts Stash experienced the foliowing business events: 1. Poid cash to purchase $83.000 of merchandse inventory. 2. The goods that were purchased in Event T were dellivered FOB destination. Transportation costs of 51.660 were poid in cash by the tesponsible party. 39. Sold merchandise for $9t500 under terms 140,/30. 3b. Recognized $48,400 of cost of goods sold. 40. Junker's Stash customers returned metchandise that was sold for $2,360. 4b. The merchandise returned in Event 4a had cost Junker's 5 tash $1,380. 5. The merchandise in Event 3 was sold to customers FOB destination. Transportation coats of $1,780 were paid in cash by the resporishble party. 6a. The customers pald for the merchandise sold in Event 3a within the discount period. Recognized the sales discounti. 6 b. Collected the balance in the accounts recelvable account. 7. Paid cosh of $7175 for selling and administrative expenses. 8. Sold the land for $9750cash. Required: a. Record the aboye transactions in o horizontal financial statements model. b. Determine the amount of net sales c. Prepose a mulistep income statement, Include common size percentages on the income statement: d. The return-on-sales ratio for Junker's Stash during the prior yoor was 12 percent, Based on the common size data in the income statement, did the expenses for Junker's Stash increase or decrease in Year 27 . Assume saies are the same for both years. ecord the above transactoes in a horizonal finandal skatemente model. Complete this question by entering your answers in the tabs below. Determine the amount of net sales. Note: Round your intermediate calculations and final answer to 1 decimal place. Prepare a multistep income statement, include common size percentages on the income statement. Note: Round your answers to 1 decimal place. 8. Sold the land for $9,750 cash. Required: a. Record the above transactions in a horizontal financial statements model. b. Determine the amount of net sales. c. Prepare a multistep income statement. Include cosmmon size percentages on the income statement. d. The return-on-sales ratio for Junker's Stash during the prior year was 12 percent. Based on the common size data in statement, did the expenses for Junker's Stash increase or decrease in Year 2? Assume sales are the same for both Complete this question by entering your answers in the tabs below. The return-on-sales ratio for Junker's Stash during the prior year was 12 percent. Based on the common size data in the income statement, did the expenses for Junker's Stash increase or decrease in Year 2? Assume sales are the same for both years. Did the oxpenses for Junker's Stash increase or decrease in Year 2

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