V7 1 2 3. 4 5 5 7 3 5 5 7 Ac C. No. 100...

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V7 1 2 3. 4 5 5 7 3 5 5 7 Ac C. No. 100 105 110 115 46,300 Supplies 120 10,600 Prepaid Insurance 125 13,800 5 Office Equipment 140 23,300 5 Accumulated Amortization- Equipm 145 Automobile E Accumulated Amortization - Automo 155 S Bank 0 Accounts Receivable 1 Allowance for Doubtful Accounts 2 Merchandise Inventory 3 1 V7 14 34 35 36 37 38 39 |fx An fo tu= B Accounts Payable Loan Payable Mortgage Payable A. Owner, Capital A. Owner, Drawings Accounts Sales Sales Discounts Sales Returns and Allowances Purchases --- B 15 16 17 18 19 20 21 Mortgage Payable 22 A. Owner, Capital 23 A. Owner, Drawings 24 Sales 25 Sales Discounts 26 27 28 29 30 31 32 33 100% Prepaid Insurance Office Equipment Accounts Payable Loan Payable Net Income Sales Returns and Allowances D F G ABC Inc. Worksheet For the Year Ending December 31, 2015 200 225 230 300 305 400 405 410 500 Purchases Purchase Discounts Purchase Returns and Allowances Freight-in Automobile Expense Freight-out 150 50,000 Trial Balance DR CR 24,420 11,425 D 125 140 Accumulated Amortization - Equipm 145 Automobile 150 Accumulated Amortization - Automo 155 200 225 230 300 305 400 405 410 500 17,880 505 510 515 600 620 5,000 700 100 17,880 Cost of Goods Sold is: F 5,000 10,000 3,000 11,100 77,000 4,465 100,000 13,800 23,300 310 50,000 5,000 700 100 I G 5,000 10,000 3,000 11,100 77,000 4,465 100,000 J Adjustments Income Statement DR CR DR CR 550 350 3,100 3,100 2,050 211,775 211,775 L I J 700 100 M L N 700 100 100,000 O Complete the Income Statement section of the Worksheet, then calculate the Cost of Goods Sold. The ending Inventory is $43,950.00 Balance Sheet DR CR 24,420 11,425 43,950 10,600 13,800 23,300 50,000 M P 5,000 100,000 310 5,000 N O 10,000 3,000 11,100 77,000 4,465 13,800 23,300 50,000 STUVWXYZ 5,000 22,430 P 0 5,000 10,000 3,000 11,100 77,000 4,465 3,100 2,050 5,950 100,000 182,495 110,875 94,050 71,620 100,000 100,000 182,495 182,495 STUVW V7 1 2 3. 4 5 5 7 3 5 5 7 Ac C. No. 100 105 110 115 46,300 Supplies 120 10,600 Prepaid Insurance 125 13,800 5 Office Equipment 140 23,300 5 Accumulated Amortization- Equipm 145 Automobile E Accumulated Amortization - Automo 155 S Bank 0 Accounts Receivable 1 Allowance for Doubtful Accounts 2 Merchandise Inventory 3 1 V7 14 34 35 36 37 38 39 |fx An fo tu= B Accounts Payable Loan Payable Mortgage Payable A. Owner, Capital A. Owner, Drawings Accounts Sales Sales Discounts Sales Returns and Allowances Purchases --- B 15 16 17 18 19 20 21 Mortgage Payable 22 A. Owner, Capital 23 A. Owner, Drawings 24 Sales 25 Sales Discounts 26 27 28 29 30 31 32 33 100% Prepaid Insurance Office Equipment Accounts Payable Loan Payable Net Income Sales Returns and Allowances D F G ABC Inc. Worksheet For the Year Ending December 31, 2015 200 225 230 300 305 400 405 410 500 Purchases Purchase Discounts Purchase Returns and Allowances Freight-in Automobile Expense Freight-out 150 50,000 Trial Balance DR CR 24,420 11,425 D 125 140 Accumulated Amortization - Equipm 145 Automobile 150 Accumulated Amortization - Automo 155 200 225 230 300 305 400 405 410 500 17,880 505 510 515 600 620 5,000 700 100 17,880 Cost of Goods Sold is: F 5,000 10,000 3,000 11,100 77,000 4,465 100,000 13,800 23,300 310 50,000 5,000 700 100 I G 5,000 10,000 3,000 11,100 77,000 4,465 100,000 J Adjustments Income Statement DR CR DR CR 550 350 3,100 3,100 2,050 211,775 211,775 L I J 700 100 M L N 700 100 100,000 O Complete the Income Statement section of the Worksheet, then calculate the Cost of Goods Sold. The ending Inventory is $43,950.00 Balance Sheet DR CR 24,420 11,425 43,950 10,600 13,800 23,300 50,000 M P 5,000 100,000 310 5,000 N O 10,000 3,000 11,100 77,000 4,465 13,800 23,300 50,000 STUVWXYZ 5,000 22,430 P 0 5,000 10,000 3,000 11,100 77,000 4,465 3,100 2,050 5,950 100,000 182,495 110,875 94,050 71,620 100,000 100,000 182,495 182,495 STUVW

Answer rating: 100% (QA)

To calculate the Cost of Goods Sold COGS we need to use the information provided in the worksheet C... View the full answer