2008-09-05_224729_P5-4A

2008-09-05_224729_P5-4A - Problem 5-4A 1 Net Sales: Gross...

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Unformatted text preview: Problem 5-4A 1 Net Sales: Gross Sales Less: Sales Discounts Sales Returns And Allowances Net Sales: 3 BizK Incom For the Year-E Net Sales Gross Sales Less: Net Sales Cost of Goods Sold Merchandise Inventory, Beginning Cost of Merchandise Purchased Less: 212,000 3,250 14,000 17,250 194,750 2 Cost of Merchandise Purchased: Purchases Less: Purchase Discounts Purchase Returns and Allowances Total Transportation In Cost of Merchandise Purchased 91,000 1,900 4,400 6,300 84,700 3,900 88,600 4 BizKid Company Income Statement For the Year-Ended August 31, 2005 Net Sales Expenses Cost of Goods Sold Selling Expenses General and Administrative Expenses Net Income 194,750 82,600 59,500 29,900 Transportation-In Total Cost of Goods Available for Sale Merchandise Inventory, Ending Cost of Goods Sold Gross Profit Expenses Selling Expenses 172,000 22,750 General and Administrative Expenses Net Income BizKid Company Income Statement For the Year-Ended August 31, 2005 Net Sales Gross Sales Sales Disconts Sales Returns and Allowances Net Sales Cost of Goods Sold Merchandise Inventory, Beginning Cost of Merchandise Purchased Purchase Disconts Purchase Returns and Allowances Transportation-In Total Cost of Goods Available for Sale Merchandise Inventory, Ending Cost of Goods Sold Gross Profit Expenses Selling Expenses Sales Salaries Expense Rent Expense-Selling Space Store Supplies Expense Advertising Expense General and Administrative Expenses Office Salaries Expense Rent Expense-Office Space Office Supplies Expense Net Income 212,000 3,250 14,000 17,250 194,750 25,000 91,000 1,900 4,400 6,300 84,700 3,900 88,600 113,600 31,000 82,600 112,150 29,000 10,000 2,500 18,000 26,500 2,600 800 59,500 29,900 89,400 22,750 ...
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This note was uploaded on 06/27/2011 for the course ACC 225 taught by Professor Muphylittle during the Spring '09 term at University of Phoenix.

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