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Week 6 Assignment 5-4A 1. cypher the callers lolly sales for the year. gross revenue= 212,000 Sales Discounts = 3,250 Sales Returns and Allowances = 14,000 $194,750 2. Compute the companys total constitute of merchandise purchased for the year. peak cost of merchandise purchases = $91,000 Purchase Discounts = (1,900) Purchase returns = (4,400) approach of transportation-in = 3,900 $88,600 3. dress up a multiple-step income statement that includes separate categories for marketing expenses and for general and administrative expenses. BizKid Company Multi-Step Income account yr Ending noble 31, dickens hundred5 Sales Revenues Sales $212,000 Sales Returns and Allowances $14,000 Sales Discounts 3,250 17,250 shekels Sales $194,750 Cost of Goods Sold 82,600 Gross Profits $112,150 direct disbursements marketing depreciates Sales Salary Expenses 29,000 Rent-Selling Space Expense 10,000 cut in Supplies Expense 2,500 Adverti sing Expense 18,000 Total Selling Expense 59,500 administrative Expenses patch Salaries Expense 26,500 Rent- baron Space Expense 2,600 Office Supplies 800 Total Administrative Expense 29,900 Total Operating Expenses $89,400 bring in Income $22,750 4.

Prepare a single-step income statement that includes these expense categories: cost of goods sold, selling expenses, and general and administrative expenses. BizKid Company Single Step Income Statement Year Ending August 31,2005 Revenues Net Sales $194,750 Expenses Cost of Goods Sold $82,600 Selling Expenses 59,500 Administrative Expenses 29,900 Total Exp enses 172,000 Net Income $22,750 6-1A 1! -Jan extraction INVENTORY 600 @ $44.00 $26,400.00 10-Feb barter for 200 @ $40.00 $8,000.00 13-Mar PURCHASE 100 @ $20.00 $2,000.00 15-Mar gross sales 400 @ $75.00 $30,000.00 21-Aug PURCHASE one hundred sixty @ $60.00 $9,600.00 5-Sep PURCHASE 280 @ $48.00 $13,440.00 910 SALES 200 @ $75.00 $15,000.00 TOTAL 1340 $59,440.00 600 $45,000.00 6-6B The companys year-end neckcloth at...If you necessity to get a full essay, order it on our website: BestEssayCheap.com

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