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5-7 please 5) The following information is available for Sheldon Corporation: Instructions: Compute each of the following: (a) Net sales (b) Gross margin (in dollars)
5-7 please
5) The following information is available for Sheldon Corporation: Instructions: Compute each of the following: (a) Net sales (b) Gross margin (in dollars) (c) Income from operations (d) Gross profit margin ratio (a percentage, using Net Sales as your base of 100% ) 6) If employees are bonded a. it means that they are not allowed to handle cash. b. they have worked for the company for at least 10 years. c. they have been insured against misappropriation of assets. d. it is impossible for them to steal from the company. 7) Using the following, prepare a bank reconciliation for Samtani Co. for June 30, 2022, including a proper three-line heading (please use the two-column example shown in Figure 8.6 of the text as your guide): a) The bank statement balance is $4,010 b) The cash account balance is $4,207 c) Outstanding checks amounted to $517 d) Deposits in transit are $633 e) The bank service charge is $45 f) A check for $84 for supplies was recorded as $48 in the ledger (an error in recording) Step by Step Solution
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