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Need help with questions pls Chapter 5.1 Handout Name: Date: BE 190 Presented here are the components in Bradley Company's income statemerv Detemine the missing

image text in transcribed Need help with questions pls
Chapter 5.1 Handout Name: Date: BE 190 Presented here are the components in Bradley Company's income statemerv Detemine the missing amounts Cost of Gross Profit $30,000 $64,000 Operating Net Income $17,000 $75,000 $86,000 $48,000 BE 191 Prepare the necessary journal entries on the books of Kelly Carpet Company to record the following transactions, assuming a perpetual inventory system (you may omit explanations). (a) Kelly purchased $40,000 of merchandise on account, terms 2/10, n/30. (b) Returned $3,000 of damaged merchandise for credit (c) Paid for the merchandise purchased within 10 days. BE 192 Garth Company sold goods on account to Kyle Enterprises with terms of 2/10, n/30. The goods had a cost of $600 and a selling price of $1,000. Both Garth and Kyle use a perpetual inventory system. Record the sale on the books of Garth and the purchase on the books of Kyle. BE 193 Richter Company sells merchandise on account for $2,000 to Lynch Company with credit terms of 3/10, n/60. Lynch Company returns $200 of merchandise that was damaged, along with a check to settle the account within the discount period. What entry does Richter Company make upon receipt of the check and the damaged merchandise

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