Homework Answers
| Sheridan Company | |||
| Income Statement(Partial) | |||
| Sales | |||
| * | Sales Revenue($302700+$159500)=(A) | $ 4,62,200.00 | |
| Less: (B) | |||
| Sales Return & Allowances | $ 24,950.00 | ||
| Sales Discount | $ 5,190.00 | $ 30,140.00 | |
| Net Sales (A)-(B) | $ 4,32,060.00 | ||
| * | Sales Revenue | ||
| Credit Sales | $ 3,02,700.00 | ||
| Cash Sales | $ 1,59,500.00 | ||
| Total Sales Revenue | $ 4,62,200.00 | ||
| Formula of net Sales=Sales Revenue-Sales Return & Allowances-Sales Discount | |||
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Question 3 Sheridan Company provides this information for the month ended October 31, 2017: sales on...
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Brief Exercise 5-5 Sunland Company provides this information for the month ended October 31, 2017: sales...
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Presented here are the components in Crane Company's income statement Determine the missing amounts. Sales Revenu...
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Question 4 View Policies Current Attempt in Progress Whispering Winds Corp. provides this information for the...
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BLOSSOM COMPANY
Income Statement (Partial)
For
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2022November 30, 2022
enter an income statement item
$enter a dollar amount
select betweeen addition and deduction
AddLess
:
enter an income statement...
Brief Exercise 5-5 Sunland Company provides this information for the month ended October 31, 2017: sales on credit $310,000; cash sales $159,900; sales discounts $5,870; and sales returns and allowances $22,700. Prepare the sales section of the income statement based on this information SUNLAND COMPANY Income Statement (Partial) $ $ Open Show Work Click if you would like to Show Work for this question:
Brief Exercise 5-06 Pharoah Company provides this information for the month ended October 31, 2022: sales on credit $305,800; cash sales $156,000; sales discounts $5,160; and sales returns and allowances $23,490. Prepare the sales section of the multiple-step income statement based on this information. Pharoah Company Income Statement (Partial) Click if you would like to Show Work for this question: Open Show Work
Presented here are the components in Crane Company's income statement Determine the missing amounts. Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses $ 72,340 -1800|(6) $32,300 23695 (a) Net Income $13,050 $111,100 $73,700 83750CC) 23695(e) $30,910 183440 ) $71,900 $116,050 $47,390 43960 CP Click if you would like to Show Work for this question: Open Show Work In its first month of operations, Oriole Company made three purchases of merchandise in the following sequence: (1) 200 units at...
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Prepare the sales revenues section of the income statement based on
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Income Statement (Partial)
For
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AddLess
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