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Chapter 9 Merchandising Business: - End of Period Adjustments and Completion of the Accounting...

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Accounting

Chapter 9 Merchandising Business: - End of Period Adjustments and Completion of the Accounting Cycle E9-8 Sales Gross Profit Beginning Inventory Net Purchases Cost of goods sold Sales ret & allow Required: Solve for the missing items in the partial income statements given below: Ending inventory Net sales E9-9 1 356 2 126,000 Sales Sales returns 5,000 6,000 2009 2010 100,000 120,000 80,000 90,000 70,000 000 6,000 80,000 70,000 264,800 80,000 65,000 117,000 2011 150,000 Required: Determine the missing amounts. 44,000 120,000 85,000 144,000 24,000 130,000 2012 160,000 48,000 145,000 39,000 85,000 100,000 150,000 46,500 Cost of Net Ending Goods Net Beg Sales Inventory Purchases Inventory Sold (Loss) 38,000 2013 167,000 62,800 186,200 18,000 75,000 165,000 135,000 18,000 Gross Profit
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Chapter 9 - Merchandising Business: End of Period Adjustments and Completion of the Accounting Cycle E9-8 Required: Solve for the missing items in the partial income statements given below: E9-9 Required: Determine the missing amounts

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