partial multiple-step income statement through gross profit
Sandhill Hardware Store completed the following merchandising transactions in the month of May. At the beginning of May, the leder of Sandhill showed Cash of $5,500 and Owner's Capital of $5.500 2 N May 1 Purchased merchandise on account from Braun's Wifblesale Supply for $4300, terms 2/10 30 Sold merchandise an account $1.600 terms 1/10, 1/30. The cost of the merchandise sold was 51,300. 5 Received credit from Braun's Wholesale Supply for merchandise returned $200 9 Received collections in fullfoss discounts from customers billed on May 2 10 Pald Braun's Wholesale Supply in full less discount 11 Purchased supplies for cash $350 12 Purchased merchandise for cash 1.200 15 Received 200 refond for return of poor quality merchandise from coller on cash burchase 17 Purchased merchandise on account from Wwe Detributors for 51,100 tem 200 worth 19 Poid freight on May 17 purchase $170 24 Sold merchandise for cash 3.200 The werchandise old cost of SLO 25 Purchased chandhan contro Lumio. Inc. for $550 term 0 NO 27 Pald Ville Distributors notes discount 20 Maderns forretnemendheid Somerhame on a 51003 The cost of the methods SANDHILL HARDWARE STORE Income Statement (Partial) For the Month Ended May 31, 2022 NetSales Sales Steven 5000 Lens 5 Cross Pride Textbook and Media Sandhill Hardware Store completed the following merchandising transactions in the month of May. At the beginning of May, the leder of Sandhill showed Cash of $5,500 and Owner's Capital of $5.500 2 N May 1 Purchased merchandise on account from Braun's Wifblesale Supply for $4300, terms 2/10 30 Sold merchandise an account $1.600 terms 1/10, 1/30. The cost of the merchandise sold was 51,300. 5 Received credit from Braun's Wholesale Supply for merchandise returned $200 9 Received collections in fullfoss discounts from customers billed on May 2 10 Pald Braun's Wholesale Supply in full less discount 11 Purchased supplies for cash $350 12 Purchased merchandise for cash 1.200 15 Received 200 refond for return of poor quality merchandise from coller on cash burchase 17 Purchased merchandise on account from Wwe Detributors for 51,100 tem 200 worth 19 Poid freight on May 17 purchase $170 24 Sold merchandise for cash 3.200 The werchandise old cost of SLO 25 Purchased chandhan contro Lumio. Inc. for $550 term 0 NO 27 Pald Ville Distributors notes discount 20 Maderns forretnemendheid Somerhame on a 51003 The cost of the methods SANDHILL HARDWARE STORE Income Statement (Partial) For the Month Ended May 31, 2022 NetSales Sales Steven 5000 Lens 5 Cross Pride Textbook and Media