Homework Answers
Net Sales = cash sales + credit sales - sales returns and allowances - sales discount
= $94525 + $83600 - $1800 - $3575
= $172,750
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(Ch. 4, 5, 6) Connect - Clas M MHE Reader Swed Prentice Company had cash sales...
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Prentice Company had cash sales of $94,775, credit sales of $83,750, sales returns and allowances of $1,900, and sales discounts of $3,675. Prentice's net sales for this period equal: Multiple Choice 0 $94.775. $172,950 $174,850 $176,625. $178,525.
Help Save & Cushman Company had $836,000 in sales, sales discounts of $12,540, sales returns and...
Help Save & Cushman Company had $836,000 in sales, sales discounts of $12,540, sales returns and allowances of $18,810, cost of goods sold of $397100, and $287.585 in operating expenses. Net income equals: Multiple Choice C) $804,650. o $151315 o o C snosts ( $182 665 Prex 36 of 40 !!! Next >
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Exercise 5-7 Juan Morales Company had the following account balances at year-end: Cost of Goods Sold $63,970, Inventory $15,740, Operating Expenses $31,040, Sales Revenue $125,200, Sales Discounts $1,250, and Sales Returns and Allowances $1,670. A physical count of Inventory determines that merchandise inventory on hand is $12,430. Prepare the adjusting entry necessary as a result of the physical count. (Credit account titles are automatically Indented when amount is entered. Do not indent manually.) A nt Titles Esplanation SHOW LIST OF...
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Prentice Company had cash sales of $94,775, credit sales of $83,750, sales returns and allowances of $1,900, and sales discounts of $3,675. Prentice's net sales for this period equal: Multiple Choice 0 $94.775. $172,950 $174,850 $176,625. $178,525.
Help Save & Cushman Company had $836,000 in sales, sales discounts of $12,540, sales returns and allowances of $18,810, cost of goods sold of $397100, and $287.585 in operating expenses. Net income equals: Multiple Choice C) $804,650. o $151315 o o C snosts ( $182 665 Prex 36 of 40 !!! Next >
Exercise 5-7 Juan Morales Company had the following account balances at year-end: Cost of Goods Sold $63,970, Inventory $15,740, Operating Expenses $31,040, Sales Revenue $125,200, Sales Discounts $1,250, and Sales Returns and Allowances $1,670. A physical count of Inventory determines that merchandise inventory on hand is $12,430. Prepare the adjusting entry necessary as a result of the physical count. (Credit account titles are automatically Indented when amount is entered. Do not indent manually.) A nt Titles Esplanation SHOW LIST OF...
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