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Sales Merchandise inventory Sales discounts Interest expense Sales returns and allowances Interest revenue Cost of...

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Accounting

Sales
Merchandise inventory
Sales discounts
Interest expense
Sales returns and allowances
Interest revenue
Cost of goods sold
Pent expense
Depreciation expense: office equipment
Insurance expense
Advertising expense
$640,363
Accourts receivable
Office supplies expense
Pent revenue
Sales salaries expense
Accounts payable
Common stock
Marketing expense
582,620
58,040
3,677
90,232
10,268
224.598
15,050
3,200
2,450
12,906
100,440
1,600
23,622
30,410
135,404
59,419
31,000
A. Use the data provited to compute sar eres forz0.8.
B. Prepare a simplo income sentement for trayerar ceded December 31,2019.
C. Compute the gross marein for 2019.
D. Rrepare a muli-step incoma chtament for th yecer erded December 31,2012.
A. Nats siles =1
B.
Rosingtimstis
Stimple Income Statement
Revenues:
500000
Dxpensest
Cost of Goods Sold
500000
Total Selling Expenses
Total General and Administrative Expenses
Interest Expense
Totrl Expenses
Not lncome
c. Gross margin =
D.
Rese Imomstrics
Milli-step Imeome Statement
For Yenr Bnded December 31,2019
Sales:
Sales Discounts
$00000
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