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i need right answers for the boxes not in green. thanks! The trial balance of Sheffield Company at the end of its fiscal year, August
i need right answers for the boxes not in green. thanks!
The trial balance of Sheffield Company at the end of its fiscal year, August 31, 2022, includes these accounts: Inventory $ 21,600; Purchases $ 185,000; Sales Revenue $ 236,000; Freight-in $6,600; Sales Discounts $4,800: Sales Returns and Allowances $5,400; Freight-Out $3,100; Purchase Discounts $4,500 and Purchase Returns and Allowances $4,000. The ending Inventory is $ 28,576. Sheffield Company Cost Of Goods Sold section For the Year Ended August 31, 2022 $ Inventory, September 1, 2021 Purchases $ 185.000 Less Purchase Returns and Allowances 4,000 Purchase Discounts 4.500 I Net Purchases 8,500 Add Freight-in 6,600 Cost of goods purchased Cost of goods available for sale Inventory, August 31, 2022 Cost of goods sold Step by Step Solution
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