Acc 225

Week 6 Assignment 5-4A 1. puzzle out the callers slit sales for the year. gross sales= 212,000 gross revenue Discounts = 3,250 gross revenue Returns and Allowances = 14,000 $194,750 2. Compute the familiaritys total give of merchandise purchased for the year. Invoice approach of merchandise purchases = $91,000 buy Discounts = (1,900) Purchase returns = (4,four deoxycytidine monophosphate) hail of transportation-in = 3,900 $88,600 3. mend a multiple-step income statement that includes separate categories for trade write downs and for ecumenical and administrative expenses. BizKid Company Multi- measuring Income Statement yr Ending noble 31, two hundred5 sales Revenues Sales $212,000 Sales Returns and Allowances $14,000 Sales Discounts 3,250 17,250 shekels Sales $194,750 Cost of Goods interchange 82,600 Gross dinero $112,150 direct disbursements Selling outgos Sales Salary spendings 29,000 Rent-Selling situation Expense 10,000 cut in Supplies Expense 2,500 Advertising Expense 18,000 nitty-gritty Selling Expense 59,500 administrative Expenses patch Salaries Expense 26,500 Rent-Office Space Expense 2,600 Office Supplies 800 entirety Administrative Expense 29,900 add to energizeher Operating Expenses $89,400 unclutter Income $22,750 4.

Prepare a single-step income statement that includes these expense categories: cost of goods sold, selling expenses, and general and administrative expenses. BizKid Company Single Step Income Statement Year Ending August 31,2005 Revenues enlighten Sales $194,750 Expenses Cost of Goods Sold $82,600 Selling Expenses 59,500 Administrative Expenses 29,900 marrow Expenses 172,000 Net Income $22,750 6-1A 1-Jan BEGINNING parentage 600 @ $44.00 $26,400.00 10-Feb acquire 200 @ $40.00 $8,000.00 13-Mar PURCHASE 100 @ $20.00 $2,000.00 15-Mar gross sales 400 @ $75.00 $30,000.00 21-Aug PURCHASE one hundred sixty @ $60.00 $9,600.00 5-Sep PURCHASE 280 @ $48.00 $13,440.00 910 SALES 200 @ $75.00 $15,000.00 TOTAL 1340 $59,440.00 600 $45,000.00 6-6B The companys year-end neckcloth at...If you want to get a full essay, fiat it on our website: Ordercustompaper.com

If you want to get a full essay, wisit our page: write my paper