EX+Templates - 1)NetSales Sales Less:SalesDisc SalesR&A...

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Sales $212,000  Less:Sales Disc $3,250  $14,000  Net Sales $194,750  2)  Cost of Merchandise Purchased: Invoice cost of merchandise purchased $91,000  Less: Purchase Disc Received $1,900  $4,400  Add: Cost of Transportation $3,900  Total cost of merchandise purchased $88,600  3)  Multiple step income statement BIZKID COMPANY Income Statement For the Year Ended August 31, 2005 Sales $212,000  Less: Sales Discount $3,250  $14,000  Net Sales $194,750  Cost of Goods Sold $82,600  Gross Profit $112,150  Expenses:   Selling Expenses Sales Salaries Expense $29,000  Rent Expense $10,000  Supplies Expense $2,500  Advertising Expense $18,000    Total Selling Expenses $59,500  General and Administrative Expenses Office Salaries Expense $26,500  Rent Expense $2,600  Supplies Expense $800    Total General and Administrative Expenses
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EX+Templates - 1)NetSales Sales Less:SalesDisc SalesR&A...

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