P5B-40A (similar to) 1 pt -6 dd=59: Tucker Department Store uses a periodic inventory system. The adjusted trial balance of Tucker Departme Click the icon to view the adjusted trial balance.) Read the requirements Requirement 1. Prepare Tucker Department Store's multi-step income statement for the year ended December 31 expenses Begin by calculating the gross profit, then complete the income statement in the next step Tucker Department Store Income Statement Year Ended December 31, 2018 Net Sales Revenue Cost of Goods Sold Beginning Merchandise Inventory 37 600 Purchases 284.000 Less Purchase Rutuma and Allowances 1140001 se from any est or enter any number in the input helds and then click Check Answer ho Type here to search Cle ACCT 201.B : Financial Accounting Homework: HW-6 1 01 core: 0 of 1 pt P5B-40A (similar to) Tucker Department Store uses a periodic inventory system. The adjusted trial balance of Tucker Department Click the icon to view the adjusted trial balance.) 37 600 Read the requirements Year Ended December 31, 2018 Net Sales Revenue Cost of Goods Sold Beginning Merchandise Inventory Purchases 284 000 Less Purchase Returns and Allowances 114.000 Purchase Discounts 6,100 Net Purchases 163 900 Plus Freight in 700 Net Cost of Purchases Cost of Goods Available for Sale Choose from any list of enter any number in the input fields and then click CheckAnswer 5 part remuning Type here to search T mework: HW-6 10 : 0 of 1 pt -40A (similar to) er Department Store uses a periodic inventory system. The adjusted trial balance of Tucker Department (Click the icon to view the adjusted trial balance) 00 d the requirements weggeTMUND WENTY Purchases Less Purchase Returns and Allowances Purchase Discounts Net Purchases 284,000 114,000 6.100 163 900 700 Plus Freight in Net Cost of Purchases Cost of Goods Available for Sale Less Ending Merchandise Inventory Cost of Goods Sold Gross Profit Choose from any list or enter any number in the input fields and then click Check Answer 5 marts Type here to search 9 1 of 2 (1 complete) 0 Data Table Tucker Department Store Adjusted Trial Balance December 31, 2018 Balance Account Title Debit Credit Cash 7.900 85,100 37 600 200 Accounts Receivable Merchandise Inventory (beginning) Ollice Supplies Furniture Accumulated Depreciation-Furniture Accounts Payable 84.000 $ 18.600 28,700 sand Print Done 1 of 2 (1 complete) Data Table 84,000 Furniture Accumulated Depreciation - Furniture Accounts Payable Salaries Payable Unearned Revenue Notes Payable, long term Common Stock Retained Earnings Dividends 18,600 28,700 2,400 15,200 32,000 40,000 8,200 89.500 Sales Revenue 396,000 Purchases 284.000 Purchase Returns and Allowances 114.000 Print Done 1 of 2 (1 complete) - X Data Table Common Stock Retained Earnings Dividends 40,000 8,200 89,500 Sales Revenue 396,000 284,000 114,000 6.100 Purchases Purchase Returns and Allowances Purchase Discounts Freight in Selling Expense Administrative Expense Interest Expense Total 700 42,300 26.300 3,500 4 661,200 $ 661,200 Print Done ecember 31, 2018, follows: 18. Assume ending Merchandise Inventory is $36,600. (Use a minus
