gnment CALCULATOR FULL SCREEN PRINTER VERSION BACK N Your answer is partially correct. Try again. Assume Buffalo prepares financial statements on October 31, 2020, the dose of the fiscal year. No other returns are anticipated. Indicate the amounts reported on the income statement and balance related to the above transactions. (11 answer iso, please enter 0. Do not leave any fields bank.) Income Statement (partial) For the Quarter Ended October 31, 2020 Sales Revenue 16,000,000 Less Sales Returns and Allowan 1,600,000 T 14,400.000 Cost of Goods Sold 10,172,000 Gross profit 3.528.000 in Balance Sheet(partial) (Baci 1.200.000 Supreme Hayboy MySJU O home-community Willy S MyWELUS I Help Contact Kieso, Intermediate Accounting, 17e I LOOM Intermediate Accounting (ACC 615, 630) -actice Assignment Gradebook ORION Downloadable e Textbook CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Exercise 18-21 (Part Level Submission) Buffalo Publishing Co. publishes college textbooks that are sold to bookstores on the following terms. Each title has a fixed wholesale price terms to be shipping point, and payment is due to days after shipment. The retailer may return a maximum of 30 of an order at the reader's expense. Sales are made only to retailers who have good credit ratings. Past experience indicates that the normal return rate is 12. The costs of recovery are expected to be immaterial, and the textbooks are expected to be resold at a profit () Pry gnment CALCULATOR FULL SCREEN PRINTER VERSION BACK N Your answer is partially correct. Try again. Assume Buffalo prepares financial statements on October 31, 2020, the dose of the fiscal year. No other returns are anticipated. Indicate the amounts reported on the income statement and balance related to the above transactions. (11 answer iso, please enter 0. Do not leave any fields bank.) Income Statement (partial) For the Quarter Ended October 31, 2020 Sales Revenue 16,000,000 Less Sales Returns and Allowan 1,600,000 T 14,400.000 Cost of Goods Sold 10,172,000 Gross profit 3.528.000 in Balance Sheet(partial) (Baci 1.200.000 Supreme Hayboy MySJU O home-community Willy S MyWELUS I Help Contact Kieso, Intermediate Accounting, 17e I LOOM Intermediate Accounting (ACC 615, 630) -actice Assignment Gradebook ORION Downloadable e Textbook CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Exercise 18-21 (Part Level Submission) Buffalo Publishing Co. publishes college textbooks that are sold to bookstores on the following terms. Each title has a fixed wholesale price terms to be shipping point, and payment is due to days after shipment. The retailer may return a maximum of 30 of an order at the reader's expense. Sales are made only to retailers who have good credit ratings. Past experience indicates that the normal return rate is 12. The costs of recovery are expected to be immaterial, and the textbooks are expected to be resold at a profit () Pry
