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just need net sales and gross profit for B. Thanks! Chapter 6 GRADED Hew Save & Check my w 3 The following information applies to
just need net sales and gross profit for B. Thanks!
Chapter 6 GRADED Hew Save & Check my w 3 The following information applies to the questions played below! The tramacions listed below are typical of those involving Amalgamated Texties and American Fashion Amigomated a wholesale merchandiser and American Fashions is a real merchandiser Assume all sales of merchandise from Amalgamated to American Fashions are made with forms 60, and the two companies use perpetuo inventory systems Assume the following ansactions between the two companies occurred in the order isted during the year anded December 31 Per 10 Amalgamated sold merchandise to American Fashions at a selling price of $250.000. The merchandise had cost Amalgamated $183,000 Two days later, American Fashions retumed goods that had been sold to the company at a price of $23.500 and complained to Amalgamated that some of the remaining merchandise differed from what American Fashions ad ordered. Amalgamated agreed to give analowance of 57000 to American Fashions. The goods returned by American Fashions had con Amalgamated $17.270. No further returns are expected Just three days later, American Fashions paid Amalgamated, which setied al amounts Owed. Required 1. For each of the events through indicate the amount and direction of the effect on Amalgamated Texten terms of the following items (Enter any decreases to account balances with a minus sign) Baier Als dre Pet 67.000 350.000 Colo 250.000 13.000 (17,270 0 23.500 7.000 Step by Step Solution
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