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# CH5å¯¦ç¿’è§£ç­”

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CH5 H 1. Gross Profit = ¥400,000 (¥300,000 + ¥100,000) Cost of Goods Sold = ¥600,000 (¥1,000,000 – ¥400,000) 2. Sales = ¥2,050,000 (¥950,000 + ¥1,100,000) Operating Expenses = ¥300,000 (¥110,000 – ¥800,000) H Journal entry on Bryant’s books: Accounts Receivable. ........ 800 Sales……………………. . 800 Cost of Goods Sold………. . 600 Merchandise Inventory………. 600 Journal entry on Kolmer’s books: Merchandise Inventory………. 800 Accounts Payable…………. . …. 800 H (a) Net sales – Cost of goods sold = Gross profit \$900,000 – Cost of goods sold = \$360,000 Cost of goods sold = \$540,000 (b) Beginning inventory \$ 80,000 Purchases \$590,000 Less: Purchase discounts \$15,000 Purchase returns and allowances 8,000 23,000 Net Purchases 567,000 Add: Freight-in 10,000 Cost of goods purchased 577,000 Cost of goods available for sale \$657,000 (a) General Journal J1 Date Account Titles and Explanation Ref. Debit Credit Apr. 5 Merchandise Inventory. ...................... Accounts Payable.

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CH5å¯¦ç¿’è§£ç­”

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