ACTIVITY 4 Prepare a detailed Statement of Comprehensive Income of A & Z Trading. Arrange the title of thefollowing account in its proper position.a. How much is the total net revenue?b. How much is the total net profit from the operation?c. How much is the total gross profit?d. How much is the total cost of goods soldSales Revenue?Purchases698,000.00Freight In3,000.00Sales Return and Allowance12,000.00Net Sales658,000.00Merchandise Inventory Dec. 1100,000.00Purchase Return and Allowance10,000.00Other Sales Discount1,800.00Selling Expenses4,000.00General Expenses12,000.00Gross ProfitNet Income for the Month100,000.00Other Purchase Discount3,400.00Salaries Expenses20.000.00Rent Expenses4,000.00Net Profit from Operation?Merchandise Inventory Dec. 31271,400.00Total Cost of Goods Sold?

As per rule, allowed to answer one question and post the remaining in the next submission.

Answered: ow much is the total net revenue? ow…

ow much is the total net revenue? ow much is the total net profit from the operation ow much is the total gross profit? ow much is the total cost of goods sold

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 31BEB

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Question

ACTIVITY 4

Prepare a detailed Statement of Comprehensive Income of A & Z Trading. Arrange the title of the
following account in its proper position.
a. How much is the total net revenue?
b. How much is the total net profit from the operation?
c. How much is the total gross profit?
d. How much is the total cost of goods sold
Sales Revenue
?
Purchases
698,000.00
Freight In
3,000.00
Sales Return and Allowance
12,000.00
Net Sales
658,000.00
Merchandise Inventory Dec. 1
100,000.00
Purchase Return and Allowance
10,000.00
Other Sales Discount
1,800.00
Selling Expenses
4,000.00
General Expenses
12,000.00
Gross Profit
Net Income for the Month
100,000.00
Other Purchase Discount
3,400.00
Salaries Expenses
20.000.00
Rent Expenses
4,000.00
Net Profit from Operation
?
Merchandise Inventory Dec. 31
271,400.00
Total Cost of Goods Sold
?

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