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Please show work A store accidentally priced an item at $20 instead of $30 and honored...
A store accidentally priced an item at $20 instead of $30 and honored the mispricing
A store accidentally priced an item at $20 instead of $30 and honored the mispricing. Where should the store attribute the $10 difference? SELECT ONLY ONE Returns and Allowances Profit (Loss) Sales Operating Expenses Cost of Goods Sold
Please help with all red sections Problem 5-05A a-e The trial balance of Flounder Fashion Center...
Please help with all red sections
Problem 5-05A a-e The trial balance of Flounder Fashion Center contained the following accounts at November 30, the end of the company's fiscal year, Credit FLOUNDER FASHION CENTER Trial Balance November 30, 2020 Debit Cash $ 21,100 Accounts Receivable 31,200 Inventory 43,400 Supplies 6,100 Equipment 133,000 Accumulated Depreciation Equipment Notes Payable Accounts Payable Owner's Capital Owner's Drawings 14,000 Sales Revenue Sales Returns and Allowances 9,000 Cost of Goods Sold 497,000 Salaries and Wages Expense...
Financial Ratios Financial statements for Paulson's Pet Store are shown. Paulson's Pet Store Income Statement For...
Financial Ratios Financial statements for Paulson's Pet Store are shown. Paulson's Pet Store Income Statement For Year Ended December 31, 20-- Revenue from sales: Sales $326,030 Less: Sales returns and allowances 5,360 Net sales $320,670 Cost of goods sold: Merchandise inventory, January 1, 20-- $29,100 Estimated returns inventory, January 1, 20-- 900 $30,000 Purchases $162,650 Less: Purchases returns and allowances $4,080 Less: Purchases discounts 3,200 7,280 Net purchases $155,370 Add freight-in 1,600 Cost of goods purchased 156,970 Goods available for...
Credit BLUE FASHION CENTER TRIAL BALANCE NOVEMBER 30, 2020 Debit Cash $33,680 Accounts Receivable 37,330 Inventory...
Credit BLUE FASHION CENTER TRIAL BALANCE NOVEMBER 30, 2020 Debit Cash $33,680 Accounts Receivable 37,330 Inventory 48,630 Supplies 9,130 Equipment 140,260 Accumulated Depreciation Equipment Notes Payable Accounts Payable Common Stock Retained Earnings Sales Revenue Sales Returns and Allowances 4,200 Cost of Goods Sold 495,400 Salaries and Wages Expense 138,160 Advertising Expense 27,750 Utilities Expenses 15,840 Maintenance and Repairs Expense 12,100 Delivery Expense 16,700 Rent Expense 25,350 Totals $1,004,530 $26,700 54,630 52,130 93,630 11,630 765,810 $1,004,530 Adjustment data: 1. Supplies on...
1. journalize the closing entries Problem 3-04 The trial balance of Kingbird Fashion Center contained the...
1. journalize the closing entries
Problem 3-04 The trial balance of Kingbird Fashion Center contained the following accounts at November 30, the end of the company's fiscal year. Credit KINGBIRD FASHION CENTER TRIAL BALANCE NOVEMBER 30, 2020 Debit Cash $33,600 Accounts Receivable 37,300 Inventory 48,600 Supplies 9,100 Equipment 140,200 Accumulated Depreciation Equipment Notes Payable Accounts Payable Common Stock Retained Earnings Sales Revenue Sales Returns and Allowances 4,200 Cost of Goods Sold 495,400 Salaries and Wages Expense 138,200 Advertising Expense 27,700...
Mario's Pizza Palace Adjusted trial balance as at 30 June 20XX Credit Account number 100 110...
Mario's Pizza Palace Adjusted trial balance as at 30 June 20XX Credit Account number 100 110 120 130 140 150 Debit 40,290 460 668 1,205 921 288 1,212 16,350 160 14,474 36,880 170 171 180 181 200 210 220 230 280 300 310 400 410 420 430 500 510 15,578 13,781 1,176 273 1,384 18,885 59,676 41,712 183,561 49 Account Cash Cash float Accounts receivable Inventory - food Inventory - packaging Prepaid advertising Prepaid insurance Motor vehicles (cost) Accumulated depreciation...
The trial balance of Sweet Fashion Center contained the following accounts at November 30, the end...
The trial balance of Sweet Fashion Center contained the following accounts at November 30, the end of the company's fiscal year. SWEET FASHION CENTER TRIAL BALANCE NOVEMBER 30, 2017 Debit Credit $33,780 37,420 48,720 9,220 140,440 Cash Accounts Receivable Inventory Supplies Equipment Accumulated Depreciation-Equipment Notes Payable Accounts Payable Common Stock Retained Earnings Sales Revenue Sales Returns and Allowances Cost of Goods Sold Salaries and Wages Expense Advertising Expense Utilities Expenses Maintenance and Repairs Expense Delivery Expense Rent Expense Totals $26,720...
Credit TRIAL BALANCE NOVEMBER 30, 2020 Debit Cash $33,770 Accounts Receivable 37,390 Inventory 48,690 Supplies 9,190...
Credit TRIAL BALANCE NOVEMBER 30, 2020 Debit Cash $33,770 Accounts Receivable 37,390 Inventory 48,690 Supplies 9,190 Equipment 140,380 Accumulated Depreciation-Equipment Notes Payable Accounts Payable Common Stock Retained Earnings Sales Revenue Sales Returns and Allowances 4,200 Cost of Goods Sold 495,400 Salaries and Wages Expense 138,080 Advertising Expense 27,780 Utilities Expenses 15,920 Maintenance and Repairs Expense 12,100 Delivery Expense 16,700 Rent Expense 25,380 Totals $1,004,980 $26,760 54,690 52,190 93,690 11,690 765,960 $1,004,980 Adjustment data: 1. Supplies on hand totaled $5,190. 2....
1. prepare a multiple-step income statement for the year. Problem 3-04 The trial balance of Kingbird...
1. prepare a multiple-step income statement for the
year.
Problem 3-04 The trial balance of Kingbird Fashion Center contained the following accounts at November 30, the end of the company's fiscal year. Credit KINGBIRD FASHION CENTER TRIAL BALANCE NOVEMBER 30, 2020 Debit Cash $33,600 Accounts Receivable 37,300 Inventory 48,600 Supplies 9,100 Equipment 140,200 Accumulated Depreciation Equipment Notes Payable Accounts Payable Common Stock Retained Eamings Sales Revenue Sales Returns and Allowances 4,200 Cost of Goods Sold 495,400 Salaries and Wages Expense...
Only part c Accounts Payable Accounts Receivable Accumulated Depreciation-Buildings Accumulated Depreciation Equipment Advertising Expense Buildings Cash...
Only part c
Accounts Payable Accounts Receivable Accumulated Depreciation-Buildings Accumulated Depreciation Equipment Advertising Expense Buildings Cash Casuality Loss from Vandalism Cost of Goods Sold Depreciation Expense Dividend Revenue Equipment Freight-In Freight-Out Income Summary Insurance Expense Interest Expense Interest Payable Interest Revenue Inventory Land Loss on Disposal of Plant Assets Maintenance and Repairs Expense Notes Payable Operating Expenses Owner's Capital Owner's Drawings Prepaid Insurance Property Tax Expense Property Taxes Payable Purchase Discounts Purchase Returns and Allowances Purchases Rent Expense Salaries and...
Please help with all red sections
Problem 5-05A a-e The trial balance of Flounder Fashion Center contained the following accounts at November 30, the end of the company's fiscal year, Credit FLOUNDER FASHION CENTER Trial Balance November 30, 2020 Debit Cash $ 21,100 Accounts Receivable 31,200 Inventory 43,400 Supplies 6,100 Equipment 133,000 Accumulated Depreciation Equipment Notes Payable Accounts Payable Owner's Capital Owner's Drawings 14,000 Sales Revenue Sales Returns and Allowances 9,000 Cost of Goods Sold 497,000 Salaries and Wages Expense...
Credit BLUE FASHION CENTER TRIAL BALANCE NOVEMBER 30, 2020 Debit Cash $33,680 Accounts Receivable 37,330 Inventory 48,630 Supplies 9,130 Equipment 140,260 Accumulated Depreciation Equipment Notes Payable Accounts Payable Common Stock Retained Earnings Sales Revenue Sales Returns and Allowances 4,200 Cost of Goods Sold 495,400 Salaries and Wages Expense 138,160 Advertising Expense 27,750 Utilities Expenses 15,840 Maintenance and Repairs Expense 12,100 Delivery Expense 16,700 Rent Expense 25,350 Totals $1,004,530 $26,700 54,630 52,130 93,630 11,630 765,810 $1,004,530 Adjustment data: 1. Supplies on...
1. journalize the closing entries
Problem 3-04 The trial balance of Kingbird Fashion Center contained the following accounts at November 30, the end of the company's fiscal year. Credit KINGBIRD FASHION CENTER TRIAL BALANCE NOVEMBER 30, 2020 Debit Cash $33,600 Accounts Receivable 37,300 Inventory 48,600 Supplies 9,100 Equipment 140,200 Accumulated Depreciation Equipment Notes Payable Accounts Payable Common Stock Retained Earnings Sales Revenue Sales Returns and Allowances 4,200 Cost of Goods Sold 495,400 Salaries and Wages Expense 138,200 Advertising Expense 27,700...
Mario's Pizza Palace Adjusted trial balance as at 30 June 20XX Credit Account number 100 110 120 130 140 150 Debit 40,290 460 668 1,205 921 288 1,212 16,350 160 14,474 36,880 170 171 180 181 200 210 220 230 280 300 310 400 410 420 430 500 510 15,578 13,781 1,176 273 1,384 18,885 59,676 41,712 183,561 49 Account Cash Cash float Accounts receivable Inventory - food Inventory - packaging Prepaid advertising Prepaid insurance Motor vehicles (cost) Accumulated depreciation...
The trial balance of Sweet Fashion Center contained the following accounts at November 30, the end of the company's fiscal year. SWEET FASHION CENTER TRIAL BALANCE NOVEMBER 30, 2017 Debit Credit $33,780 37,420 48,720 9,220 140,440 Cash Accounts Receivable Inventory Supplies Equipment Accumulated Depreciation-Equipment Notes Payable Accounts Payable Common Stock Retained Earnings Sales Revenue Sales Returns and Allowances Cost of Goods Sold Salaries and Wages Expense Advertising Expense Utilities Expenses Maintenance and Repairs Expense Delivery Expense Rent Expense Totals $26,720...
Credit TRIAL BALANCE NOVEMBER 30, 2020 Debit Cash $33,770 Accounts Receivable 37,390 Inventory 48,690 Supplies 9,190 Equipment 140,380 Accumulated Depreciation-Equipment Notes Payable Accounts Payable Common Stock Retained Earnings Sales Revenue Sales Returns and Allowances 4,200 Cost of Goods Sold 495,400 Salaries and Wages Expense 138,080 Advertising Expense 27,780 Utilities Expenses 15,920 Maintenance and Repairs Expense 12,100 Delivery Expense 16,700 Rent Expense 25,380 Totals $1,004,980 $26,760 54,690 52,190 93,690 11,690 765,960 $1,004,980 Adjustment data: 1. Supplies on hand totaled $5,190. 2....
1. prepare a multiple-step income statement for the
year.
Problem 3-04 The trial balance of Kingbird Fashion Center contained the following accounts at November 30, the end of the company's fiscal year. Credit KINGBIRD FASHION CENTER TRIAL BALANCE NOVEMBER 30, 2020 Debit Cash $33,600 Accounts Receivable 37,300 Inventory 48,600 Supplies 9,100 Equipment 140,200 Accumulated Depreciation Equipment Notes Payable Accounts Payable Common Stock Retained Eamings Sales Revenue Sales Returns and Allowances 4,200 Cost of Goods Sold 495,400 Salaries and Wages Expense...
Only part c
Accounts Payable Accounts Receivable Accumulated Depreciation-Buildings Accumulated Depreciation Equipment Advertising Expense Buildings Cash Casuality Loss from Vandalism Cost of Goods Sold Depreciation Expense Dividend Revenue Equipment Freight-In Freight-Out Income Summary Insurance Expense Interest Expense Interest Payable Interest Revenue Inventory Land Loss on Disposal of Plant Assets Maintenance and Repairs Expense Notes Payable Operating Expenses Owner's Capital Owner's Drawings Prepaid Insurance Property Tax Expense Property Taxes Payable Purchase Discounts Purchase Returns and Allowances Purchases Rent Expense Salaries and...
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