Two items are omitted in each of the following four lists of income statement data Determine the amounts of the missing items, identifying them byletter igl Sas0,000 Sales Seles returns and aowances Sales discounts S300,000 (a) 20,000 se00 000 30 000 le) 10,000 25 000 (h) 400,000 115 000 18 000 (c)...

a 30000 300000 20000 250000 b 150000 250000 ...

Two items are omitted in each of the following four lists of income statement data. Determine the

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Two items are omitted in each of the following four lists of income statement data. Determine the amounts of the missing items, identifying them byletter.

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Financial and Managerial Accounting

ISBN: 978-0538480895

11th Edition

Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren

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Question Posted: Oct 14, 2011 05:09 AM

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Two items are omitted in each of the following four lists of income statement data. Determine the

Question:

igl Sas0,000 Sales Seles returns and aowances Sales discounts S300,000 (a) 20,000 se00.000 30.000 le) 10,000 25.000 (h) 400,000 115.000 18.000 (c) 70,000 Net sales Cost of merchandise sold 775.000 250,000 (b) 330,000 (di Gross profit 100,000 300,000

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