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Determining Amounts for Items Omitted from Income Statement Two items are omitted in each of the following four lists of income statement data. Sales $204,500
Determining Amounts for Items Omitted from Income Statement
Two items are omitted in each of the following four lists of income statement data.
Sales | $204,500 | $644,600 | $1,360,250 | $ (g) |
Sales returns and allowances | (a) | 32,230 | (e) | 7,200 |
Sales discounts | 8,180 | 19,340 | 54,410 | 11,020 |
Net sales | 184,050 | (c) | 1,197,020 | (h) |
Cost of merchandise sold | (b) | 354,530 | (f) | 381,600 |
Gross profit | 73,620 | (d) | 380,870 | 115,200 |
Determine the amounts of the missing items.
a. | $ |
b. | $ |
c. | $ |
d. | $ |
e. | $ |
f. | $ |
g. | $ |
h. | $ |
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