Provide a financial statement that includes cash, accounts receivable, inventory, common stock, retained earnings, revenue, expenses, net
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Question:
Provide a financial statement that includes cash, accounts receivable, inventory, common stock, retained earnings, revenue, expenses, net income, and cash flow statement.
Also, prepare an income statement, a balance sheet and a cash flow statement
Data
- 1. Sold goods costing $75,800 to $36,400 on account.
2. Delivered the goods in cash under fob destination freight cost $390.
3. Returned Goods, goods cost the company $1,880 and we were sold back to the company for $3,930. - 4. He gave company an allowance of $1,080 for damaged goods it agreed to keep.
5. $53,100 cash partial payment deducted from accounts receivable.
Related Book For
Cornerstones of Financial and Managerial Accounting
ISBN: 978-1111879044
2nd edition
Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen
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