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continues to say incomplete??? what am I doing wrong? it continues to say it is incomplete.. what else do I need?? Debit Credit 130,000 $
continues to say incomplete??? what am I doing wrong?
it continues to say it is incomplete.. what else do I need??
Debit Credit 130,000 $ 37,538 10,000 99,132 8,000 222,300 3,401 14,672 Merchandise inventory Other (noninventory) assets Total liabilities Common stock Retained earnings Dividends Sales Sales discounts Sales returns and allowances Cost of goods sold Sales salaries expense Rent expense-Selling space Store supplies expense Advertising expense Office salaries expense Rent expense-office space Office supplies expense Totals 10:52:10 30, 455 10,448 2,668 18,896 27,788 2,668 889 $368,970 look $368,970 On August 31, 2016, merchandise inventory was $26,228. Supplementary records of merch August 31, 2017, reveal the following itemized costs. Invoice cost of merchandise purchases Purchases discounts received Purchases returns and allowances Costs of transportation-in $95,550 2,007 4,586 3,900 Ch 04 Homework i Saved Saved general and administrative expenses. 4. Prepare a single-step income statement that includes these expense categories: cost and administrative expenses. Complete this questions by entering your answers in the below tabs. Required 1 Required 2 Required 3 Required 4 00:51:55 Compute the company's net sales for the year. eBook $ Net Sales Sales Less: Sales discounts Add: Sales returns and allowances Net sales 1 222,300 3,401 4,672 204,227 Required 2 > and administrative expenses. Complete this questions by entering your answers in the below tabs. Required 1 Required 2 Required 3 Required 4 points Compute the company's total cost of merchandise purchased for the year. (8 00:51:39 eBook Cost of merchandise purchased Invoice cost of merchandise purchased $ Purchase discounts received Purchase returns and allowances Costs of transportation-in Total cost of merchandise purchased $ 95,550 (2,007) (4,586) 3,900 92,857 $ 222,300 $ 3,401 14,672 Sales Less: Sales discounts Less: Sales returns and allowances Net sales Cost of goods sold Gross profit Expenses Selling expenses Sales salaries expense Rent expense-Selling space Advertising expense 18,073 204,227 86,585 117,642 points 8 00:51:14 30,455 10,448 18,896 eBook 59,799 Total selling expenses General and administrative expenses Store supplies expense Office salaries expense Rent expense-Office space Office supplies expense Total general and administrative expenses Total expenses Inet income 2,668 27.788 2,668 889 34.013 93,812 23,830 Required 1 Required 2 Required 3 Required 4 Prepare a single-step income statement that includes these expense categories: cost of g general and administrative expenses. points 8 00:51:03 eBook $ 204,227 VALLET COMPANY Income Statement For Year Ended August 31, 2017 Net sales Expenses Cost of goods sold $ 86,585 Selling expenses 59,799 General and administrative expenses 34,013 Total expenses Net income 180,397 23,830 $ Step by Step Solution
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