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4.b Gross Sales Returns & allow (72,400.00) Net Rev 100.00 CGS Beg Inv Purchase Returns & allow 123,200.00 713,000.00 (25,000.00) GAS 811,200.00 End Inv (137,800.00) TIL CGS 949,000.00 Gross Profit 511,000.00 Salaries Depr Rent Admin 73,400.00 25,800.00 24,100.00 Advert 46,800.00 Operating Exp 15.00x Opera Income Taves 73,000.00 Net Income

4.b Gross Sales Returns & allow (72,400.00) Net Rev 100.00 CGS Beg Inv Purchase Returns & allow 123,200.00 713,000.00 (25,000.00) GAS 811,200.00 End Inv (137,800.00) TIL CGS 949,000.00 Gross Profit 511,000.00 Salaries Depr Rent Admin 73,400.00 25,800.00 24,100.00 Advert 46,800.00 Operating Exp 15.00x Opera Income Taves 73,000.00 Net Income

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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AutoSave OFF Financial Statements HW-4 Home Insert Draw Page Layout Formulas Data Review View Tell me Share O Comments Insert v Baskerville Old Face 12 A A ab ab če Wrap Text v Accounting Delete v n v A v 2$ Conditional Format Cell Sort & .00 Find & Select Analyze Data Paste B I U Merge & Center v Sensitivity Formatting as Table Styles Format v Filter В50 fx A C D E F G H J K M N P Q R S 28 29 #4.b 30 31 Gross Sales 32 Returns & allow 33 Net Rev $ (72,400.00) 100.00% 34 35 CGS 36 Beg Inv 37 Purchase 38 Returns & allow 39 GAS 40 End Inv $ 123,200.00 $ 713,000.00 $ (25,000.00) $ 811,200.00 $ (137,800.00) 41 TTL CGS $ 949,000.00 42 43 Gross Profit $ 511,000.00 44 45 Salaries 46 Depr $ 73,400.00 47 Rent $ 25,800.00 48 Admin 49 Advert 50 Operating Exp $ 24,100.00 $ 46,800.00 15.00% 51 52 Opera Income 53 54 Taxes $ 73,000.00 55 56 Net Income 57 58 59 60 61 62 63 64 65 66 67 68 Problem #1 Problem #2 Problem #3 Problem #4 Ready 100% WE + lili
Transcribed Image Text:AutoSave OFF Financial Statements HW-4 Home Insert Draw Page Layout Formulas Data Review View Tell me Share O Comments Insert v Baskerville Old Face 12 A A ab ab če Wrap Text v Accounting Delete v n v A v 2$ Conditional Format Cell Sort & .00 Find & Select Analyze Data Paste B I U Merge & Center v Sensitivity Formatting as Table Styles Format v Filter В50 fx A C D E F G H J K M N P Q R S 28 29 #4.b 30 31 Gross Sales 32 Returns & allow 33 Net Rev $ (72,400.00) 100.00% 34 35 CGS 36 Beg Inv 37 Purchase 38 Returns & allow 39 GAS 40 End Inv $ 123,200.00 $ 713,000.00 $ (25,000.00) $ 811,200.00 $ (137,800.00) 41 TTL CGS $ 949,000.00 42 43 Gross Profit $ 511,000.00 44 45 Salaries 46 Depr $ 73,400.00 47 Rent $ 25,800.00 48 Admin 49 Advert 50 Operating Exp $ 24,100.00 $ 46,800.00 15.00% 51 52 Opera Income 53 54 Taxes $ 73,000.00 55 56 Net Income 57 58 59 60 61 62 63 64 65 66 67 68 Problem #1 Problem #2 Problem #3 Problem #4 Ready 100% WE + lili
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