X Microsoft Word - BUS 200 SEC X Microsoft Word RS 200 Sprin x Course Materials - 2020 Spring X Second yamac22 cuny.edu/bbcswebdav/pid-46294305-dt-content rid 375707747 1/courses/EMCOL. ACC1220000, 1202.1/SecondExamACC122 281%29.doc 122(1).doc bols Help - Normal Edits will not be automatically saved Save now Unsaved changes . Times New.... 12. BIVA . BEB E The following are selected account balances for Withers Company for the year ending December 31, 2019: Accounts Payable $63,000 Accounts Receivable $82,000 Cash $95,000 Freight-in $3.000 Merchandise Inventory (1/1/19) Merchandise Inventory (12/31/19) $90,000 Purchases $262.000 Purchase Retums & Allowances $33,000 Purchases Discounts $12,000 Sales $566,000 Sales Returns & Allowances 36.000 Total Selling Expenses $92,000 Total Administrative Expenses $43,000 Withers, Capital $600.000 Withers, Withdrawals S100,000 REQUIRED: 1) Prepare the multiple-step income statement under the Periodic System (the way we did in class). Highlight Nets Sales, Cost of Goods Sold, Gross Margin, and Net Income. SAMSUNG * a 3 * $ 4 % 5 A 6 o e Mcrosoft Word-BUS 200 SEC X Microsoft Word - BUS 200 Sorin Course Materials - 2020 Sprin X Second Damacci22 bbhosted.cuny.edu/bbcswebdav/pid-46294305-dt-content-tid-3757077471/courses/BMCO 1 ACC 1220800 1202 1/SecondExamACC122281129.doc Edits will not be automatically saved Save now camACC122(1).doc Format Tools Help EQQ Noma Unsaved changes . Times New... 2. BIUA. EE E E Purchases Purchase Returns & Allowances Purchases Discounts $262.000 $33,000 $12.000 $566,000 36,000 $92.000 Sales Returns & Allowances Total Selling Expenses Total Administrative Expenses Withers, Capital Withers, Withdrawals $42.000 SE60,000 $100,000 REQUIRED: 1) Prepare the multiple step income statement under the Periodic System (the way we did in class. Flighlight Nets Sales, Cost of Goods Sold, Gross Marin, and Net Income. SAMSUNG * 00 o