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Evergreen Backpack Company (Evergreen) uses a perpetual imventory system and closes its account annually on 31 December. The following information was extracted from the adjusted
Evergreen Backpack Company ("Evergreen") uses a perpetual imventory system and closes its account annually on 31 December. The following information was extracted from the adjusted trial balance as at 30 November 2022 : The following transactions occurred in December 2022: Page 2 BHMH2101 2003/24 S1 Assigameat 2 Required: (a) Prepare journal entries for Evergreen for the above transactions in December 2022. If an item does not require an entry, state "No entry". Explanation is not required. (20 marks) (b) Prepare the partial Income Statement for Evergreen, showing the captions with figures of Net sales and Gross Profit for the year ended 31 December 2022. (10 marks)
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