This is my financial accounting homework for Chapter 5.

Exercise 5-6 The adjusted trial balance of Mendoza Company shows the following data pertaining to sales at the end of its fiscal year October 31, 2014: Sales Revenue $898,570, Freight-out $18,040, Sales Returns and Allowances $34,750, and Sales Discounts $20,440. (a) Prepare the sales revenues section of the income statement. MENDOZA COMPANY Income Statement (Partial) For the Year Ended October 31, 2014 $ : $ $ (b) Prepare separate closing entries for (1) sales, and (2) the contra accounts to sales. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No . Date 1. Oct. 31 2. Oct. 31 Account Titles and Explanation Debit Credit Exercise 5-9 Presented below is information for Bach Company for the month of March 2014. Cost of goods sold $221,740 Rent expense $ 33,790 Freight-out 9,410 Sales discounts Insurance expense 5,270 Sales returns and allowances Salaries and wages expense 57,760 6,640 Sales revenue 389,010 Don't show me this message again for the assignment Prepare a multiple-step income statement. BACH COMPANY Income Statement For the Month Ended March 31, 2014 $ : $ 12,320 $ Don't show me this message again for the assignment Link to Text Compute the gross profit rate. (Round answer to 2 decimal places, e.g. 25.20%.) Gross profit rate Exercise 5-17 Below is a series of cost of goods sold sections for companies Alpha, Beta, Chi, and Decca. Fill in the lettered blanks to complete the cost of goods sold sections. Alpha Beta Chi Decca $ Beginning inventory $ 140 $ 72 Purchases 1,660 1,950 Purchase returns and allowances Net purchases 46 $1,230 (g) (d) (a) 1,050 (j) 44,950 330 6,240 (k) 41,310 Freight-in 103 Cost of goods purchased (b) Cost of goods available for sale 1,857 Ending inventory 320 Cost of goods sold (e) 1,978 (h) 8,120 2,050 (l) (i) (f) (c) 2,270 1,220 Don't show me this message again for the assignment Click if you would like to Show Work for this question: Open Show Work 52,340 1,650 6,680 7,700 45,660