Determining Merchandise Amounts?Periodic Two or more items are omitted in each of the following tabulations of income
Question:
Determining Merchandise Amounts?Periodic Two or more items are omitted in each of the following tabulations of income statement data. Fill in the amounts that are missing.
Transcribed Image Text:
2009 2010 2011 $290.000 $410,000 13,000 Sales returns Net sales Beginning inventory Ending inventory 6,000 347,000 20,000 32,000 260,000 298,000 10,000 12,000 Purchase returns and allowances Transportation-in Cost of goods sold Gross profit on sales 8,000 5,000 8 9,000 238,000 303,000 97,000 91,000
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 64% (14 reviews)
2009 2010 2011 Sales 290000 360000 410000 Sales Returns 600...View the full answer
Answered By
Nazrin Ziad
I am a post graduate in Zoology with specialization in Entomology.I also have a Bachelor degree in Education.I posess more than 10 years of teaching as well as tutoring experience.I have done a project on histopathological analysis on alcohol treated liver of Albino Mice.
I can deal with every field under Biology from basic to advanced level.I can also guide you for your project works related to biological subjects other than tutoring.You can also seek my help for cracking competitive exams with biology as one of the subjects.
3.30+
2+ Reviews
10+ Question Solved
Related Book For
Intermediate Accounting
ISBN: 978-0470423684
13th Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield
Question Posted:
Students also viewed these Accounting questions
-
Two or more items are omitted in each of the following tabulations of income statement data. Fill in the amounts that aremissing. 2013 2014 2015 $307,500 $217,500 8,250 Sales Sales returns Net sales...
-
Two or more items are omitted in each of the following tabulations of income statement data. Fill in the amounts that aremissing. 2006 2007 2008 $290,000 $ $410,000 Sales Sales returns Net sales...
-
Two or more items are omitted in each of the following tabulations of income statement data for a business following ASPE. Instructions Fill in the amounts that are missing. 2019 2018 2020 Sales...
-
The data in CPU reflect the annual values of the consumer price index for all urban consumers (CPI-U) in the United State over the 54-year period 1965 through 2018, using 1982 through 1986 as the...
-
What jobs do you think have the best mix of salary and other characteristics that individuals care about in details?
-
In the smoking/drinking example in this section, we used the function COUNTIFS function (new to Excel 2007) to find the counts of the joint categories. Without using this function (or pivot tables),...
-
Explain three ways in which shared leadership can be used in a self-directed work team.
-
The following expenditures were incurred by Obermeyer Company in purchasing land: cash price $70,000, accrued taxes $3,000, attorneys fees $2,500, real estate brokers commission $2,000, and clearing...
-
+ Chapter 5 Homework Question 2 of 5 View Policies Show Attempt History < > Current Attempt in Progress The following transactions are for Sunland Company 0.45/1 EI 1. On December 3, Sunland Company...
-
A random sample of n = 80 measurements is drawn from a binomial population with probability of success .3. a. Give the mean and standard deviation of the sampling distribution of the sample...
-
Inventoriable CostsError Adjustments Werth Company asks you to review its December 31, 2010, inventory values and prepare the necessary adjustments to the books. The following information is given to...
-
Purchases Recorded Net Presented below are transactions related to Guillen, Inc. May 10 Purchased goods billed at $20,000 subject to cash discount terms of 2/10, n/60 11 Purchased goods billed at...
-
Crown leases a limo to Zap Productions for four years on January 1, 1998, requiring equal annual payments on each January I and, in addition, a single lump-sum prepayment of $3,000. The leased asset,...
-
What is the procedure for calculating an owner's end-of-year capital?
-
Is it true that every organisation has to move materials to support its operations? What do service companies like Internet service providers move? Give some examples from different types of...
-
The Manufacturing Overhead account has a $10,000 debit balance that is closed directly to Cost of Goods Sold. Which of the following statements is true? a. Actual manufacturing overhead was less than...
-
What are prime costs? How are they different than other manufacturing costs?
-
What information used to prepare an owners' equity statement is obtained from the partners' capital and drawing accounts?
-
Patient care documentation must be complete and accurate. Federal funding can be denied for inaccurate record keeping.
-
The manager for retail customers, Katie White, wants to hear your opinion regarding one business offer she has received from an entrepreneur who is starting a mobile phone app called Easy Money. The...
-
A type of program that is typically event-driven is the_______ program. a. Command line b. Text-based c. GUI d. Procedural
-
What types of contractual obligations must be disclosed in great detail in the notes to the balance sheet? Why do you think these detailed provisions should be disclosed?
-
What is the professions recommendation in regard to the use of the term surplus? Explain.
-
What is the professions recommendation in regard to the use of the term surplus? Explain.
-
Alpha Semiconductors experienced the following activity in its Photolithography Department during December. Materials are added at the beginning of the photolithography process. (Click the icon to...
-
QUESTION 80 Start-up costs not currently deductible can be amortized over 180 months. True False
-
Flint Construction Ltd. prepares its reports using IFRS. The following information relates to its shareholders equity on January 1, 2023, the first day of its fiscal year. $0.80-noncumulative...
Study smarter with the SolutionInn App