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  • ACC 225 Week 5 CheckPoint Inventory Systems and Calculating Revenues, Expenses, and Income

    Transféré par

    Praveen Sudarsan
    19 vues3 pages
    Sales 60,000 42,500 36,000 Cost of Goods Sold Merchandise Inventory 6,000 (Begining) 17,050 7,500 Total Cost of Merchandise 36,000 Purchases 1,550 33,750 merhandise Inventory (7,950) (Ending) (2,700) (9,000) Gross Profit 25,950 26,600 3,750 Expenses 9,000 10,650 12,150 Net Income 16,950 15,950 (8,400) Exercise 5-13 Periodic Purchases 1,400 Accounts Payable

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    ACC 225 Week 5 CheckPoint Inventory Systems and Calculating Revenues, Expenses, And Income

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    Sales 60,000 42,500 36,000 Cost of Goods Sold Merchandise Inventory 6,000 (Begining) 17,050 7,500 Total Cost of Merchandise 36,000 Purchases 1,550 33,750 merhandise Inventory (7,950) (Ending) (2,700) (9,000) Gross Profit 25,950 26,600 3,750 Expenses 9,000 10,650 12,150 Net Income 16,950 15,950 (8,400) Exercise 5-13 Periodic Purchases 1,400 Accounts Payable

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    19 vues3 pages

    ACC 225 Week 5 CheckPoint Inventory Systems and Calculating Revenues, Expenses, and Income

    Transféré par

    Praveen Sudarsan
    Sales 60,000 42,500 36,000 Cost of Goods Sold Merchandise Inventory 6,000 (Begining) 17,050 7,500 Total Cost of Merchandise 36,000 Purchases 1,550 33,750 merhandise Inventory (7,950) (Ending) (2,700) (9,000) Gross Profit 25,950 26,600 3,750 Expenses 9,000 10,650 12,150 Net Income 16,950 15,950 (8,400) Exercise 5-13 Periodic Purchases 1,400 Accounts Payable

    Droits d'auteur :

    Attribution Non-Commercial (BY-NC)
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    Signaler comme contenu inapproprié
    sur 3

    QS 5-8 a b c d

    Exercise 5-13 Perpetual Perpetual Perpetual Perpetual Date ########

    Exercise 5-9 a b c d 78,000 7,000 32,000 (6,600) 32,400 45,600 2,600 43,000 e 23,600 2,560 5,600 (2,560) 5,600 18,000 6,000 12,000 ######## ########

    Sales 60,000 42,500 36,000 Cost of Goods Sold Merchandise Inventory 6,000 (Beginning) 17,050 7,500 Total Cost of Merchandise 36,000 Purchases 1,550 33,750 Merchandise Inventory (7,950) (Ending) (2,700) (9,000) Cost of Goods 34,050 Sold 15,900 32,250 Gross Profit 25,950 26,600 3,750 Expenses 9,000 10,650 12,150 Net Income 16,950 15,950 (8,400)

    ########

    ########

    ########

    Exercise 5-13 Periodic Purchases 1,400 Accounts Payable Merchandise Inventory Accounts Payable Accounts Payable 28 1,372 Cash Merchandise Inventory Merchandise Inventory Cash Accounts Receivable 1,500 Sales Cost of Goods Sold Merchandise Inventory Sales Returns And Allowances 200 Accounts Receivable Sales Returns And Allowances Accounts Receivable Merchandise Inventory Cost of Goods Sold Merchandise Inventory Cash Perpetual

    1,400

    Accounts Payable 1,400 Purchase Discounts Cash Cash

    100 Purchase Returns and Allowances 100 80 80 1,500

    Transportation-In Cash Accounts Receivable Sales

    200

    Perpetual 1,400 1,400 1,400 28 1,372 100 100 80 80 1,500 1,500 750 750 200 200 100 of Goods Sold 100

    unts Payable

    handise Inventory

    handise Inventory

    handise Inventory

    unts Receivable

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