The following balances are taken from the Statement of Comprehensive Income of JR Bellen Trading.201620172018Sales180,000a193,000Sales Returns and Allowances12,0004,0003,200Sales Discounts3,5006,800bNet Sales41,200d.Merchandise Inventory, Beg.8,600fePurchases137,90031,240125,000Purchase Returns3,200g15,400Freight-In5,6009,8005,700Merchandise Inventory, End10,20019,000hCost of Goods Soldi125,800Gross Profitk10,56063,500Required: Compute for the missing amounts

Name: The following balances are taken from the Statement of Comprehensive
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Description: The following balances are taken from the Statement of Comprehensive Income of JR Bellen Trading.201620172018Sales180,000a193,000Sales Returns and Allowances12,0004,0003,200Sales Discounts3,5006,800bNet Sales41,200d.Merchandise Inventory, Beg.8,600f

Income statement: It refers to a financial statement that presents all the income earned by the…

Business

Accounting

The following balances are taken from the Statement of Comprehensive Income of JR Bellen Trading. 2016 2017 2018 Sales 180,000 a 193,000 Sales Returns and Allowances 12,000 4,000 3,200 Sales Discounts 3,500 6,800 Net Sales 41,200 d Merchandise Inventory, Beg. 8,600 e Purchases 137,900 31,240 125,000 Purchase Returns 3,200 g 15,400 Freight-In 5,600 9,800 5,700 Merchandise Inventory, End 10,200 19,000 h Cost of Goods Sold i j 125,800 Gross Profit k 10,560 63,500 Required: Compute for the missing amounts

The following balances are taken from the Statement of Comprehensive Income of JR Bellen Trading. 2016 2017 2018 Sales 180,000 a 193,000 Sales Returns and Allowances 12,000 4,000 3,200 Sales Discounts 3,500 6,800 Net Sales 41,200 d Merchandise Inventory, Beg. 8,600 e Purchases 137,900 31,240 125,000 Purchase Returns 3,200 g 15,400 Freight-In 5,600 9,800 5,700 Merchandise Inventory, End 10,200 19,000 h Cost of Goods Sold i j 125,800 Gross Profit k 10,560 63,500 Required: Compute for the missing amounts

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter16: Financial Statement Analysis

Section: Chapter Questions

Problem 11E

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