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i need help with this homework. thank you. Presented below are the components in Gates Company's income statement. Determine the missing amounts. Sales Revenue Cost
i need help with this homework. thank you.
Presented below are the components in Gates Company's income statement. Determine the missing amounts. Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Net Income ? $30,000 ? s $75,000 10,800 b) $108,000 ? ? $83,900 $70,000 ? $29,500 c) $79,600 $39,500 Parte III. Resuelve el siguiente problema: (18 points) 1.On November 1, Madison Office Supply had an inventory of 30 calculators at a cost of $18 each. The company uses a perpetual inventory system. During November, the following transactions occurred. Nov. 6 Purchased with cash 80 calculators at $30 each from Baylor Co. 9 Paid freight of $80 on calculators purchased from Baylor Co. 10 Returned 3 calculators to Baylor Co. for $63 credit (including freight) because they did not meet specifications. 12 Sold 26 calculators costing S21 (including freight) for $31 each to Lee Book Store, terms n/30. 14 Granted credit of $31 to Lee Book Store for the return of one calculator that was not ordered. 20 Sold 30 calculators costing $21 for $32 each to Orr's Card Shop, terms n/30. Instructions: a) Journalize the November transactions Step by Step Solution
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