Homework Answers
| Net sales: | |||||
| Sales | 222300 | ||||
| Less: Sales returns and allowances | 14672 | ||||
| Less: Sales discount | 3401 | ||||
| Net sales revenue | 204227 | ||||
| Net Ppurchases: | |||||
| Invoice cost of purchases | 95550 | ||||
| Add: Transportation in cost | 3900 | ||||
| Sub-total | 99450 | ||||
| Less: Purchasae discount | 2007 | ||||
| Lless: Returns and allowannce | 4586 | ||||
| Net Purchase cost | 92857 | ||||
Add Answer to:
Problem 5-3A Computing merchandising amounts and formatting income statements LO C2, P4 Valley Company's adjusted trial...
Problem 4-3A Computing merchandising amounts and formatting income statements LO C2, P4 Valley Company's adjusted trial...
Problem 4-3A Computing merchandising amounts and formatting income statements LO C2, P4 Valley Company's adjusted trial balance on August 31, 2018, Its fiscal year-end, follows. Credit $ Debit 32,000 128,000 $ 36,960 10,000 97,636 8,000 218,880 Merchandise inventory Other (noninventory) assets Total llabuities Common stock Retained earnings Dividends Sales Sales discounts Sales returns and allowances Cost of goods sold Sales salaries expense Rent expense-Selling space Store supplies expense Advertising expense office salaries expense Rent expense-office space office supplies expense Totals...
Problem 4-3A Computing merchandising amounts and formatting income statements LO C2, P4 Valley Company’s adjusted trial...
Problem 4-3A Computing merchandising amounts and formatting income statements LO C2, P4 Valley Company’s adjusted trial balance on August 31, 2018, its fiscal year-end, follows. Debit Credit Merchandise inventory $ 43,500 Other (noninventory) assets 174,000 Total liabilities $ 50,243 Common stock 10,000 Retained earnings 132,038 Dividends 8,000 Sales 297,540 Sales discounts 4,552 Sales returns and allowances 19,638 Cost of goods sold 114,570 Sales salaries expense 40,763 Rent expense—Selling space 13,984 Store supplies expense 3,570 Advertising expense 25,291 Office salaries expense...
a AS Problem 5-3A Computing merchandising amounts and formatting income statements c2P4 Valley Company's adjusted trial...
a AS Problem 5-3A Computing merchandising amounts and formatting income statements c2P4 Valley Company's adjusted trial balance on August 31, its fiscal year-end, follows. It categorizes the following accounts as selling expenses: Sales Salaries Expense, Rent Expense-Selling Space, Store Supplies Expense, and Advertising Expense. It categorizes the remaining expenses as general and administrative. Credit $ 25,000 10,000 225,000 Debit Merchandise inventory (ending) $ 41.000 Other (noninventory) assets 130,400 Total liabilities K. Valley, Capital K. Valley, Withdrawals 8,000 Sales Sales discounts...
Award: 5.00 points Problem 5-3A Computing merchandising amounts and formatting income statements LO C2, P4 Valley...
Award: 5.00 points Problem 5-3A Computing merchandising amounts and formatting income statements LO C2, P4 Valley Company's adjusted trial balance on August 31, its fiscal year-end, follows. It categorizes the following accounts as selling expenses: sales salaries expense, rent expense-selling space, store supplies expense, advertising expense. It categorizes the remaining expenses as general and administrative. Credit Debit $ 34,500 138,000 $39.84R 115,114 8,000 235,980 Merchandise inventory (ending) Other (noninventory) assets Total liabilities K. Valley, Capital K. Valley, Withdrawals Sales Sales...
HELP ME PLEASE !!!!!!!! Problem 4-3A Computing merchandising amounts and formatting income statements LO C2, P4...
HELP ME PLEASE !!!!!!!!
Problem 4-3A Computing merchandising amounts and formatting income statements LO C2, P4 Valley Company's adjusted trial balance on August 31, its fiscal year end follows. It categorizes the following accounts as selling expenses: sales salaries expense, rent expense-selling space, store supplies expense, and advertising expense. It categorizes the remaining expenses as general and administrative. Credit Debit $ 31,000 124,000 $ 35,805 41,729 62,912 8,000 212,040 Merchandise inventory (ending) Other (noninventory) assets Total liabilities Common stock Retained...
Hello? How did this person get the '174,400' for the second income summary? Valley Company's adjusted...
Hello? How did this person get the '174,400' for the
second income summary?
Valley Company's adjusted trial balance on August 31, 2017, its fiscal year-end, follows Credit Debit 42000 | $ 61.920 25.600 Merchandise inventory Other (noninventory) assets Total abilities Common stock Retained earnings Dividends Sales Sales discounts 31300 8.700 Sales returns and allowances Cost of goods sold Sales salaries expense Rent expense-Selling space Store supplies expense Advertising expense Office salaries expense Rent expense-Office space Office Supplies expense 12000 29,200...
Valley Company's adjusted trial balance on August 31, 2017, its fiscal year-end, follows. Credit Debit $...
Valley Company's adjusted trial balance on August 31, 2017, its fiscal year-end, follows. Credit Debit $ 42.500 170,000 $ 49,088 10,000 129,048 8,000 290, 700 Merchandise inventory Other (noninventory) assets Total liabilities Common stock Retained earnings Dividends Sales Sales discounts Sales returns and allowances Cost of goods sold Sales salaries expense Rent expense-Selling space Store supplies expense Advertising expense Office salaries expense Rent expense-office space office supplies expense Totals 4,448 19,186 112,026 39,826 13,663 3,488 24, 710 36, 338 3,488...
Valley Company's adjusted trial balance on August 31, its fiscal year-end, follows. It categorizes the following...
Valley Company's adjusted trial balance on August 31, its fiscal year-end, follows. It categorizes the following accounts as selling expenses: sales salaries expense, rent expense selling space, store supplies expense, advertising expense. It categorizes the remaining expenses as general and administrative, Credit Debit $41,000 130,400 $ 25,000 104,550 8.000 225,600 Merchandise inventory (ending) Other (noninventory) assets Total liabilities K. Valley, Capital K. Valley, Withdrawals Sales Sales discounts Sales returns and allowances Cost of goods sold Sales salaries expense Rent expense Selling...
30 Paid Arod C fiscal year-end, follows. Valley Company's adjusted trial balance on August 31, 2017,...
30 Paid Arod C fiscal year-end, follows. Valley Company's adjusted trial balance on August 31, 2017, its fiscal year-e Debit Credit $ 41,000 130,400 Merchandise Inventory ... Other noninventory) assets.. Total abilities... Common stock.... Retained earnings .... $ 25,000 10,000 94.550 8,000 225,600 Dividends ..... Sales. Sales discounts...... Sales returns and allowances..... Cost of goods sold Sales salaries expense....... Rent expense-Selling space........ Store supplies expense Advertising expense......... Office salaries expense Rent expense-Office space Office supplies expense....... Totals.............. 2,250 12,000 74,500...
IGNMENT Saved Help Save & Exit Su Valley Company's adjusted trial balance on Aur 31, its...
IGNMENT Saved Help Save & Exit Su Valley Company's adjusted trial balance on Aur 31, its fiscal year-end, follows. It categorizes the following accounts as selling expenses: sales salaries expense, rent expense elling space, store supplies expense, advertising expense. It categorizes the remaining expenses as general and administrative. Credit Debit $ 41,000 130,400 $ 25,000 104,550 8,000 225,600 Merchandise inventory (ending) Other (noninventory) assets Total liabilities K. Valley, Capital K. Valley, Withdrawals Sales Sales discounts Sales returns and allowances Cost...
Problem 4-3A Computing merchandising amounts and formatting income statements LO C2, P4 Valley Company's adjusted trial balance on August 31, 2018, Its fiscal year-end, follows. Credit $ Debit 32,000 128,000 $ 36,960 10,000 97,636 8,000 218,880 Merchandise inventory Other (noninventory) assets Total llabuities Common stock Retained earnings Dividends Sales Sales discounts Sales returns and allowances Cost of goods sold Sales salaries expense Rent expense-Selling space Store supplies expense Advertising expense office salaries expense Rent expense-office space office supplies expense Totals...
a AS Problem 5-3A Computing merchandising amounts and formatting income statements c2P4 Valley Company's adjusted trial balance on August 31, its fiscal year-end, follows. It categorizes the following accounts as selling expenses: Sales Salaries Expense, Rent Expense-Selling Space, Store Supplies Expense, and Advertising Expense. It categorizes the remaining expenses as general and administrative. Credit $ 25,000 10,000 225,000 Debit Merchandise inventory (ending) $ 41.000 Other (noninventory) assets 130,400 Total liabilities K. Valley, Capital K. Valley, Withdrawals 8,000 Sales Sales discounts...
Award: 5.00 points Problem 5-3A Computing merchandising amounts and formatting income statements LO C2, P4 Valley Company's adjusted trial balance on August 31, its fiscal year-end, follows. It categorizes the following accounts as selling expenses: sales salaries expense, rent expense-selling space, store supplies expense, advertising expense. It categorizes the remaining expenses as general and administrative. Credit Debit $ 34,500 138,000 $39.84R 115,114 8,000 235,980 Merchandise inventory (ending) Other (noninventory) assets Total liabilities K. Valley, Capital K. Valley, Withdrawals Sales Sales...
HELP ME PLEASE !!!!!!!!
Problem 4-3A Computing merchandising amounts and formatting income statements LO C2, P4 Valley Company's adjusted trial balance on August 31, its fiscal year end follows. It categorizes the following accounts as selling expenses: sales salaries expense, rent expense-selling space, store supplies expense, and advertising expense. It categorizes the remaining expenses as general and administrative. Credit Debit $ 31,000 124,000 $ 35,805 41,729 62,912 8,000 212,040 Merchandise inventory (ending) Other (noninventory) assets Total liabilities Common stock Retained...
Hello? How did this person get the '174,400' for the
second income summary?
Valley Company's adjusted trial balance on August 31, 2017, its fiscal year-end, follows Credit Debit 42000 | $ 61.920 25.600 Merchandise inventory Other (noninventory) assets Total abilities Common stock Retained earnings Dividends Sales Sales discounts 31300 8.700 Sales returns and allowances Cost of goods sold Sales salaries expense Rent expense-Selling space Store supplies expense Advertising expense Office salaries expense Rent expense-Office space Office Supplies expense 12000 29,200...
Valley Company's adjusted trial balance on August 31, 2017, its fiscal year-end, follows. Credit Debit $ 42.500 170,000 $ 49,088 10,000 129,048 8,000 290, 700 Merchandise inventory Other (noninventory) assets Total liabilities Common stock Retained earnings Dividends Sales Sales discounts Sales returns and allowances Cost of goods sold Sales salaries expense Rent expense-Selling space Store supplies expense Advertising expense Office salaries expense Rent expense-office space office supplies expense Totals 4,448 19,186 112,026 39,826 13,663 3,488 24, 710 36, 338 3,488...
Valley Company's adjusted trial balance on August 31, its fiscal year-end, follows. It categorizes the following accounts as selling expenses: sales salaries expense, rent expense selling space, store supplies expense, advertising expense. It categorizes the remaining expenses as general and administrative, Credit Debit $41,000 130,400 $ 25,000 104,550 8.000 225,600 Merchandise inventory (ending) Other (noninventory) assets Total liabilities K. Valley, Capital K. Valley, Withdrawals Sales Sales discounts Sales returns and allowances Cost of goods sold Sales salaries expense Rent expense Selling...
30 Paid Arod C fiscal year-end, follows. Valley Company's adjusted trial balance on August 31, 2017, its fiscal year-e Debit Credit $ 41,000 130,400 Merchandise Inventory ... Other noninventory) assets.. Total abilities... Common stock.... Retained earnings .... $ 25,000 10,000 94.550 8,000 225,600 Dividends ..... Sales. Sales discounts...... Sales returns and allowances..... Cost of goods sold Sales salaries expense....... Rent expense-Selling space........ Store supplies expense Advertising expense......... Office salaries expense Rent expense-Office space Office supplies expense....... Totals.............. 2,250 12,000 74,500...
IGNMENT Saved Help Save & Exit Su Valley Company's adjusted trial balance on Aur 31, its fiscal year-end, follows. It categorizes the following accounts as selling expenses: sales salaries expense, rent expense elling space, store supplies expense, advertising expense. It categorizes the remaining expenses as general and administrative. Credit Debit $ 41,000 130,400 $ 25,000 104,550 8,000 225,600 Merchandise inventory (ending) Other (noninventory) assets Total liabilities K. Valley, Capital K. Valley, Withdrawals Sales Sales discounts Sales returns and allowances Cost...
Most questions answered within 3 hours.
-
After watching the lectures I am still having a hard time
understanding these equations.
1. The...
asked 58 minutes ago -
Testing:
H0:μ=56.9
H1:μ<56.9
Your sample consists of 23 subjects, with a mean of 56.3 and
standard...
asked 1 hour ago -
straight wire, labeled as Wire A, lies horizontally on a
tabletop and is oriented to run...
asked 1 hour ago -
For a Chi-Squared Goodness of Fit Test about a uniform
distribution, complete the table.
Round to...
asked 1 hour ago -
Milk of magnesia is only slightly soluble in water. Kc for the
reaction Mg(OHs)(s)>Mg2+(a) + 2OH-1(aq)...
asked 1 hour ago -
Excel's HYPGEOM.DIST function can be used to compute _____.
a. both hypergeometric probabilities and cumulative
hypergeometric...
asked 1 hour ago -
The rocket used for the human lunar missions was the Saturn V
rocket. At liftoff the...
asked 1 hour ago -
1. The East Street Bagel Shop has a weekly demand for 3,500
bagels, which they make...
asked 1 hour ago -
paraphrasing each paragraph
“Where two or more persons knowingly act together unlawfully,
the act of each...
asked 1 hour ago -
The lateral line system in fish is contained which of the
following?
chemoreceptors
photoreceptors
mechanoreceptors
odor...
asked 1 hour ago -
Find the y-intercept of y =-5 x. The y-intercept of y equals
negative 5 x is______...
asked 1 hour ago -
Customers arrive randomly at a gas station at the average rate
of 30 per hour, while...
asked 1 hour ago