a)needs table filled out
b)how to figure out net sales
c)multistep income statemwnt table needs filled
d)increase or decrease?
Junker's Stash stanted the Yeat 2 accounting period with the balances giver 1. Paid cash to purchase $74,000 of merchandise inventory. 2. The goods that were purchased in Event 1 were dellvered FOB destination. Transportation costs of $1,480 were paid in cash by the resporsible party. 3a. Sold merchandise for $78,000 under terms 1/10, n/30 3b. Recognized $43,900 of cost of goods sold. 4a. Junker's Stash customers retumed merchandise that was sold for \$2.180 4b. The merchandise returned in Event 4a had cost Junker's Stash $1,290. 5. The merchandise in Event 30 was sold to customers FOB destination. Transportation costs of $1,690 were paid in cash by the responsible party. 6a. The customers paid for the merchandise sold in Event 3a within the discount period. Recognized the sales discount. 6b. Collected the balance in the accounts recelvable account. 7. Pald cash of $6.950 for selling and administrative expenses. 8 Sold the land for $9300cash. Required: a. Record the above transactions in a horzzontal tinancial statements model. b. Determine the amount of net sales. c. Prepare a mutistep income statement, lnclude common size percentages on the income statement. d. The return-ansales ratio for Junker's Stash during the prior year was 12 percent. Based on the common size data in the income. statement, did the expenses for Junker's Stash increase or decrease in Year 2? Assume sales are the same for both years. Determine the amount of net sales. Note: Round your intermediate calculations and final answer to 1 decimal place. Prepare a multistep income statement. Include common size percentages on the income statement. Note: Round your answers to 1 decimal place. The return-on-sales ratio for Junker's Stash during the prior year was 12 percent. Based on the common size data in the income statement, did the expenses for Junker's Stash increase or decrease in Year 27 Assume sales are the same for both years. Did the expenses for Junker's Stash increase or decrease in Year 2? Junker's Stash started the Year 2 accounting period with the balances given in the following horizontal financial statements model During Year 2, Junker's Stash experienced the following business events: 1. Paid cash to purchase $74,000 of merchandise inventory. 2. The goods that were purchased in Event 1 were delivered FOB destination. Transportation costs of $1,480 were paid in cash by the responsible party. 3a. Sold merchandise for $78,000 under terms 1/10,n/30. 3b. Recognized $43,900 of cost of goods sold. 4a. Junker's Stash customers retumed merchandise that was sold for $2,180. 4b. The merchandise returned in Event 4a had cost Junker's Stash $1.290 5. The merchandise in Event 3 a was sold to customers FOB destination. Transportation costs of $1,690 were paid in cash by the responsible party. 6a. The customers paid for the merchandise sold in Event 3a within the discount period. Recognized the sales discount. 6b. Collected the balance in the accounts recelvable account. 7. Paid cash of $6.950 for selling and administrative expenses. 8. Sold the land for $9,300cash. Racord the above tiantacoions in a harfental firiancial statements motel Determine the amount of net sales. Note: Round your intermediate calculations and final answer to 1 decimal place. Prepare a multistep income statement. Include common size percentages on the income statement. Note: Round your answers to 1 decimal place. The return-on-sales ratio for Junker's Stash during the prior year was 12 percent. Based on the common size data in the income statement, did the expenses for Junker's Stash increase or decrease in Year 2? Assume sales are the same for both years. Did the expenses for Junker's Stash increase or decrease in Year 2? Junker's Stash stanted the Yeat 2 accounting period with the balances giver 1. Paid cash to purchase $74,000 of merchandise inventory. 2. The goods that were purchased in Event 1 were dellvered FOB destination. Transportation costs of $1,480 were paid in cash by the resporsible party. 3a. Sold merchandise for $78,000 under terms 1/10, n/30 3b. Recognized $43,900 of cost of goods sold. 4a. Junker's Stash customers retumed merchandise that was sold for \$2.180 4b. The merchandise returned in Event 4a had cost Junker's Stash $1,290. 5. The merchandise in Event 30 was sold to customers FOB destination. Transportation costs of $1,690 were paid in cash by the responsible party. 6a. The customers paid for the merchandise sold in Event 3a within the discount period. Recognized the sales discount. 6b. Collected the balance in the accounts recelvable account. 7. Pald cash of $6.950 for selling and administrative expenses. 8 Sold the land for $9300cash. Required: a. Record the above transactions in a horzzontal tinancial statements model. b. Determine the amount of net sales. c. Prepare a mutistep income statement, lnclude common size percentages on the income statement. d. The return-ansales ratio for Junker's Stash during the prior year was 12 percent. Based on the common size data in the income. statement, did the expenses for Junker's Stash increase or decrease in Year 2? Assume sales are the same for both years. Determine the amount of net sales. Note: Round your intermediate calculations and final answer to 1 decimal place. Prepare a multistep income statement. Include common size percentages on the income statement. Note: Round your answers to 1 decimal place. The return-on-sales ratio for Junker's Stash during the prior year was 12 percent. Based on the common size data in the income statement, did the expenses for Junker's Stash increase or decrease in Year 27 Assume sales are the same for both years. Did the expenses for Junker's Stash increase or decrease in Year 2? Junker's Stash started the Year 2 accounting period with the balances given in the following horizontal financial statements model During Year 2, Junker's Stash experienced the following business events: 1. Paid cash to purchase $74,000 of merchandise inventory. 2. The goods that were purchased in Event 1 were delivered FOB destination. Transportation costs of $1,480 were paid in cash by the responsible party. 3a. Sold merchandise for $78,000 under terms 1/10,n/30. 3b. Recognized $43,900 of cost of goods sold. 4a. Junker's Stash customers retumed merchandise that was sold for $2,180. 4b. The merchandise returned in Event 4a had cost Junker's Stash $1.290 5. The merchandise in Event 3 a was sold to customers FOB destination. Transportation costs of $1,690 were paid in cash by the responsible party. 6a. The customers paid for the merchandise sold in Event 3a within the discount period. Recognized the sales discount. 6b. Collected the balance in the accounts recelvable account. 7. Paid cash of $6.950 for selling and administrative expenses. 8. Sold the land for $9,300cash. Racord the above tiantacoions in a harfental firiancial statements motel Determine the amount of net sales. Note: Round your intermediate calculations and final answer to 1 decimal place. Prepare a multistep income statement. Include common size percentages on the income statement. Note: Round your answers to 1 decimal place. The return-on-sales ratio for Junker's Stash during the prior year was 12 percent. Based on the common size data in the income statement, did the expenses for Junker's Stash increase or decrease in Year 2? Assume sales are the same for both years. Did the expenses for Junker's Stash increase or decrease in Year 2
