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The following account information, in alphabetical order, was taken from the worksheet of Compu - Soft for the month ended November 3 0 , 2
The following account information, in alphabetical order, was taken from the worksheet of CompuSoft for the month ended November
Adjusted Trial
Balance
Account Debit Credit
Accounts payable $
Accounts receivable $
Accumulated depreciation, store equipment
Cash
Cost of goods sold
Depreciation expense, store equipment
Peter Delta, capital
Peter Delta, withdrawals
Rent revenue
Sales
Sales discounts
Sales returns and allowances
Store equipment
Utilities expense
Wages expense
Totals $ $
Required:
Prepare a multiplestep income statement for the month ended November
Analysis component:
Assume that for the month ended October net sales were $ cost of goods sold was $ and income from operations was $ Calculate the companys gross profit ratios for October and November. Do not round intermediate calculations. Round your final answers to decimal places.
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