question 1
question 2. part 1
question 2. part 2
question 3
question 4
question 5. part 1
question 5. part 2
The following are the components in Sunland Ccmpary's income statement. Determine the missing amounts. Information related to Monty Corp is presented below. 1. On Apra5, purchased merchandise on account from Marizold Conganty for $26,600, terms 3110 , net/30 FOe whipgingoonte 2. On April 6, paid freipht costs of $900 on merctundise purchased from Marigold 3. On April 7, purchased equipment on account for 330,500 4. On April 8, returned $3900 of merchandise to Marigold Company 5. On April 15, pald the amount doe to Marigold Comoany in tull. Prepare the journat entrios to record these transactions on the books ol Monty Corp under a perpetual imentor y yatem Gost Assume that Monty Corp. paid the balance due to Marigold Company on May 4 instead of April 15. Prepare the journal entry to resord this payment. (Cedit occount titles are autometically indented when arnount is entered Do not indent manually, If no entry is nequired, select "No Entry" for the occount titles and enter Of for the omounts) Ww police: cumbetsartertin Proces: Jee1: Puduwed bosson acounthor $1120 (indudire fisight from Catin Publichers, terms 2/10, n30. 3. Solboobis acours to Gattumk Boolstore for $1.150 The cost of the books sald was 5720 9. Pavcetin Publisersintull 17. Soivbocoson acount to Bell Tower for 31,200 . Me cost of themerchandise sold was 5680 2. Rockendpentsitintulfrom Bel Touer. 26. Pisthones Buocputishssinfit. 28- Soldboolson accountta Generl Bookstore for 51.240 . The cost of the merchandbe sold was $820, 30 Grew Generi Boolstore Stso u witfor bools retumed costing S80 Lumwite the tamaction for the morith d lune fse Endzegport Warchouse using a perpetual imentory system / Credt occount titles Cirnt Aeteept in Process postedd5976.355 and Operating operses 5325,600 (a)Congutintides Netide 5 acontont yowpote NCongutinane trosopratom Inconsekonoperition 3 Cvilpotote Preartod below is informationfor Solish Brothen inc for the month of January 2022 Preprea muliplestop income suanent. ff ther is net los then enter the amownt ialing either a negative sign preceding the number is 45 or pratheris (45N Comqute thegross profit rate. (Round onswer to 2 decimal ploces, e. 25.20\%.) Gross profitrate 86 eTextbook and Media List of Accounts The following are the components in Sunland Ccmpary's income statement. Determine the missing amounts. Information related to Monty Corp is presented below. 1. On Apra5, purchased merchandise on account from Marizold Conganty for $26,600, terms 3110 , net/30 FOe whipgingoonte 2. On April 6, paid freipht costs of $900 on merctundise purchased from Marigold 3. On April 7, purchased equipment on account for 330,500 4. On April 8, returned $3900 of merchandise to Marigold Company 5. On April 15, pald the amount doe to Marigold Comoany in tull. Prepare the journat entrios to record these transactions on the books ol Monty Corp under a perpetual imentor y yatem Gost Assume that Monty Corp. paid the balance due to Marigold Company on May 4 instead of April 15. Prepare the journal entry to resord this payment. (Cedit occount titles are autometically indented when arnount is entered Do not indent manually, If no entry is nequired, select "No Entry" for the occount titles and enter Of for the omounts) Ww police: cumbetsartertin Proces: Jee1: Puduwed bosson acounthor $1120 (indudire fisight from Catin Publichers, terms 2/10, n30. 3. Solboobis acours to Gattumk Boolstore for $1.150 The cost of the books sald was 5720 9. Pavcetin Publisersintull 17. Soivbocoson acount to Bell Tower for 31,200 . Me cost of themerchandise sold was 5680 2. Rockendpentsitintulfrom Bel Touer. 26. Pisthones Buocputishssinfit. 28- Soldboolson accountta Generl Bookstore for 51.240 . The cost of the merchandbe sold was $820, 30 Grew Generi Boolstore Stso u witfor bools retumed costing S80 Lumwite the tamaction for the morith d lune fse Endzegport Warchouse using a perpetual imentory system / Credt occount titles Cirnt Aeteept in Process postedd5976.355 and Operating operses 5325,600 (a)Congutintides Netide 5 acontont yowpote NCongutinane trosopratom Inconsekonoperition 3 Cvilpotote Preartod below is informationfor Solish Brothen inc for the month of January 2022 Preprea muliplestop income suanent. ff ther is net los then enter the amownt ialing either a negative sign preceding the number is 45 or pratheris (45N Comqute thegross profit rate. (Round onswer to 2 decimal ploces, e. 25.20\%.) Gross profitrate 86 eTextbook and Media List of Accounts
