Divisional Income Statements The following data were summarized from the accounting records for Jersey Coast Construction Company for the year ended June 30, 20Y8: Cost of goods sold: Service department charges: Commercial Division $348,510 Commercial Division $47,520 Residential Division 171,510 Residential Division 29,710 Administrative expenses: Net sales: Commercial Division $63,370 Commercial Division $528,050 Residential Division 61,250 Residential Division 306,270 Prepare divisional income statements for Jersey Coast Construction Company. Jersey Coast Construction Company Divisional Income Statements For the Year Ended June 30, 20Y8 Commercial Division Residential Division Income from operations before service department charges $fill in the blank 2 $fill in the blank 3 Cost of goods sold fill in the blank 5 fill in the blank 6 Gross profit $fill in the blank 8 $fill in the blank 9 Administrative expenses fill in the blank 11 fill in the blank 12 Income from operations before service department charges $fill in the blank 14 $fill in the blank 15 Service department charges fill in the blank 17 fill in the blank 18 Income from operations
Divisional Income Statements The following data were summarized from the accounting records for Jersey Coast Construction Company for the year ended June 30, 20Y8: Cost of goods sold: Service department charges: Commercial Division $348,510 Commercial Division $47,520 Residential Division 171,510 Residential Division 29,710 Administrative expenses: Net sales: Commercial Division $63,370 Commercial Division $528,050 Residential Division 61,250 Residential Division 306,270 Prepare divisional income statements for Jersey Coast Construction Company. Jersey Coast Construction Company Divisional Income Statements For the Year Ended June 30, 20Y8 Commercial Division Residential Division Income from operations before service department charges $fill in the blank 2 $fill in the blank 3 Cost of goods sold fill in the blank 5 fill in the blank 6 Gross profit $fill in the blank 8 $fill in the blank 9 Administrative expenses fill in the blank 11 fill in the blank 12 Income from operations before service department charges $fill in the blank 14 $fill in the blank 15 Service department charges fill in the blank 17 fill in the blank 18 Income from operations
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter14: Decentralized Operations
Section: Chapter Questions
Problem 14.3.1P
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Divisional Income Statements
The following data were summarized from the accounting records for Jersey Coast Construction Company for the year ended June 30, 20Y8:
| Cost of goods sold: | Service department charges: | |||||
| Commercial Division | $348,510 | Commercial Division | $47,520 | |||
| Residential Division | 171,510 | Residential Division | 29,710 | |||
| Administrative expenses: | Net sales: | |||||
| Commercial Division | $63,370 | Commercial Division | $528,050 | |||
| Residential Division | 61,250 | Residential Division | 306,270 |
Prepare divisional income statements for Jersey Coast Construction Company.
| Jersey Coast Construction Company | ||
| Divisional Income Statements | ||
| For the Year Ended June 30, 20Y8 | ||
| Commercial Division | Residential Division | |
| Income from operations before service department charges | $fill in the blank 2 | $fill in the blank 3 |
| Cost of goods sold | fill in the blank 5 | fill in the blank 6 |
| Gross profit | $fill in the blank 8 | $fill in the blank 9 |
| Administrative expenses | fill in the blank 11 | fill in the blank 12 |
| Income from operations before service department charges | $fill in the blank 14 | $fill in the blank 15 |
| Service department charges | fill in the blank 17 | fill in the blank 18 |
| Income from operations |
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