Chapter 5 Homework

# Chapter 5 Homework - Name Section Date Chapter 5 Brief...

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261 Name Chapter 5 Brief Exercises Section Date #1 1 Cost of Gross Operating Net 1 2 Sales Goods Sold Profit Expenses Income 2 3 3 4 71,200 (b) 39,000 (d) 10,800 4 5 5 6 108,000 65,000 (c ) (e) 29,500 6 7 7 8 (a) 71,900 109,600 46,200 (f) 8 9 9 10 10 11 #2 11 12 Account Titles Debit Credit 12 13 Clare Company: 13 14 14 15 15 16 16 17 Muni Company: 17 18 18 19 19 20 20 21 21 22 22 23 #3 23 24 Account Titles Debit Credit 24 25 (a) 25 26 26 27 27 28 28 29 29 30 30 31 (b) 31 32 32 33 33 34 34 35 35 36 36 37 (c ) 37 38 38 39 39 40 40

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262 Name Chapter 5 Brief Exercises Continued Section Date #4 Account Titles Debit Credit 1 (a) 1 2 2 3 3 4 4 5 (b) 5 6 6 7 7 8 (c ) 8 9 9 10 10 11 11 12 12 13 13 14 14 15 #5 15 16 MARQUETTE COMPANY 16 17 Income Statement (Partial) 17 18 For the Month Ended October 31, 2007 18 19 19 20 20 21 21 22 22 23 23 24 24 25 25 26 26 27 #6 27 28 Item Income Statement Section 28 29 Gain on sale of equipment 29 30 30 31 Cost of goods sold 31 32 32 33 Depreciation expense 33 34 34 35 Sales returns and allowances 35 36 36 37 37 38 38 39 39 40 40

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263 Name Chapter 5 Brief Exercises Continued Section Date #7 1 1 2 2 3 3 4 4 5 5 6 6 7 7 8 8 9 9 10 10 11 #8 11 12 12 13 13 14 14 15 15 16 16 17 17 18 18 19 19 20 20 21 21 22 #9 22 23 (a) Profit margin ratio = 23 24 24 25 25 26 26 27 27 28 28 29 29 30 30 31 (b) Gross profit rate = 31 32 32 33 33 34 34 35 35 36 36 37 37 38 38 39 39 40 40

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264 Name Chapter 5 Brief Exercises Concluded Section Date #10 1 (a) Profit margin ratio = 1 2 2 3 3 4 4 5 5 6 6 7 7 8 8 9 (b) Gross profit rate = 9 10 10 11 11 12 12 13 13 14 14 15 #11 15 16 Account Titles Debit Credit 16 17 (a) 17 18 18 19 19 20 (b) 20 21 21 22 22 23 (c ) 23 24 24 25 25 26 26 27 27 28 28 29 29 30 30

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265 Name Exercises 5-1 and 5-2 Section Date #1 General Journal Date Account Titles Debit Credit 1 (a) 1 2 Dec 3 2 3 3 4 4 5 5 6 6 7 7 8 8 8 9 9 10 10 11 13 11 12 12 13 13 14 14 15 (b) 15 16 2-Jan 16 17 17 #2 General Journal 1 Sept 6 1 2 2 3 3 4 9 4 5 5 6 6 7 10 7 8 8 9 9 10 12 10 11 11 12 12 13 13 14 14 15 15 16 14 16 17 17 18 18

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266 Name Exercises 5-2 Concluded and 5-3 Section Date #2 (Continued) General Journal Date Account Titles Debit Credit 1 Sept. 14 1 2 2 3 3 4 20 4 5 5 6 6 7 7 8 8 9 9 #3 Date Account Titles Debit Credit 1 (a) 1 2 Apr 5 2 3 3 4 4 5 6 5 6 6 7 7 8 7 8 9 9 10 10 11 8 11 12 12 13 13 14 15 14 15 15 16 16 17 17 18 (b) 18 19 May 4 19 20 20 21 21

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267 Name Exercise 5-4 Section Date Mawmey Company Date Account Titles Debit Credit 1 (a) Mawmey Company 1 2 June 10 2 3 3 4 4 5 11 5 6 6 7 7 8 12 8 9 9 10 10 11 19 11 12 12 13 13 14 14 15 (b) Lima Company 15 16 June 10 16 17 17 18 18 19 19 20 20 21 21 22 11 22 23 23 24 12 24 25 25 26 26 27 27 28 28 29 29 30 19 30 31 31 32 32 33 33 34 34 35 35 36 36 37 37 38 38 39 39 40 40

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268 Name Exercises 5-5 and 5-6 Section Date #5 BRIGHTON COMPANY Income Statement (Partial) For the Year Ended October 31, 2007 1 1 2 2 3 3 4 4 5 5 6 6 ZALES COMPANY Income Statement For the Month Ended January 31, 2007

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Chapter 5 Homework - Name Section Date Chapter 5 Brief...

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