Accounting 211-February 11th, 1999

Accounting 211-February 11th, 1999 - Accounting 211...

Info icon This preview shows pages 1–5. Sign up to view the full content.

Accounting 211 Thursday, February 11th, 1999 Announcements: Do not do Exercise #8 in chapter 11 homework. Lecture notes: Gross Profit Method:
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

Beginning Inventory = $275,000 Net Purchases = $325,000 Trans In = $20,000 Net Sales = $650,000 Gross Profit = 20% of Sales
Image of page 2
Image of page 3

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

Image of page 4
Image of page 5
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Sales 650,000- Cost of Goods Sold- 520,000 Gross Profit 130,000 Beginning Inventory 275,000 + Purchases 325,000 + Trans In 20,000 Cost of Goods Avail for Sale 620,000- Ending Inventory 100,000 Cost of Goods Sold 520,000...
View Full Document

  • Spring '99
  • Johnston
  • Accounting, Sales, Generally Accepted Accounting Principles, Sale, Duodecimal

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern