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?
-
Hosha exchanges all of her Leaf stock for Petal stock plus $5,000 cash. The exchange is pursuant to a tax-free reorganization. Hosha paid $25,000 for the Leaf stock five years ago. The Petal stock...
-
What are two inherent limitations of financial statement data?
-
Inventory Count Observation: Planning and Substantive Procedures. Sammy Smith is the partner in charge of the audit of Blue Distributing Corporation, a wholesaler that owns one warehouse containing...
-
What is the scope of Standard Operational Procedure (SOP) for Stock Movement?
-
Currently, there are 100 stations within a nine-square-kilometer radius of the Toronto centre. The new stations would be dispersed across an extra six square kilometres. In the first year, UBER's...
-
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...
-
Suggest a reasonable structure for vitamin D2.
-
Describe the steps to be taken by the auditor before commencement of a new audit of a partnership firm.
-
Give the type or types of evidences generally available in respect of the following: (a) Construction work-in-progress (f) Contingent liability in respect of bills (b) Leasehold land discounted (c)...
-
Does the audit of accounts of a partnership firm differ from that of a company? If so, in what respect?
-
Describe the main features which affect auditing of public sector undertaking.
-
State which of the following statements are true: (a) If capital expenditure is treated as revenue expenditure the profit for the year is understated, but in the long run, because of depreciation,...
-
In vibration analysis, can damping always be disregarded?
-
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.
-
can i have the answer as doc or typed please
-
Landmark Coal operates a mine. During July, the company obtained 500 tons of ore, which yielded 250 pounds of gold and63,100 pounds of copper. The joint cost related to the operation was $500,000....
-
Question 1: Compose an email report to the Accountant, providing an overview of the current status of Accounts Receivable and Accounts Payable. Ensure that your report adheres to the Policies and...
Study smarter with the SolutionInn App