have to fill out net sales, cost of merchandise purchased, valley income statement multi-step form, valley income statement single-step form

Valley Company's adjusted trial balance an August 31,2017, ts fscal year end,follows Merchandise inventory 43,589 other (noninventory) 174,888 assets Total liabilities K. Valley, Capital K. Valley, Withdrawals Sales Sales discounts $50,243 142,038 8,e00 4,552 19,638 297,548 ces 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 Offi 114,570 40,763 13,984 3,570 25,291 37,193 3,578 1,190 ce supplies expense Totals 489,321 $489,821 y was $35,105 Supplementary records of merchandising activties for the year ended On Aucust 3 August 31, 2017 reveal the following itemized costs. On August 31, 2016, merchandise inventory wes $35105 August 31, 2017, reveal the following itemized costs of merchandising activities for the yeor ended Invoice cost of merchandise purchases $127,890 Purchases returns and allowances Costs of transportation-in 2,686 6,139 3,990 Required: e the company's net sales for the year s, Prepare s miltrlese co otment ed 4. Prepare a single-step income staterment that includes these expense categories, cost of goods sold,selling expenses and general general and administrative expenses and Complete this questions by entering your answers in the below tabs. Compute the company's net sales for the year. Prev 35Next )