Prepare a detailed Statement of Comprehensive Income. 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
Prepare a detailed Statement of Comprehensive Income. 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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Prepare a detailed Statement of Comprehensive Income. Arrange the title of the following account in its proper position. |
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a. How much is the total net revenue? |
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b. How much is the total net profit from the operation? |
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c. How much is the total gross profit? |
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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
Sales Discount
1,800.00
Selling Expenses
General Expenses
4,000.00
12,000.00
Gross Profit
?
Net Income for the Month
100,000.00
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
?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F31c126b1-42fb-41eb-92b0-e9c6b9231c4d%2F6578abb4-acb9-492f-9a75-3c45d5990abd%2F090iy6_processed.png&w=3840&q=75)
Transcribed Image Text: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
Sales Discount
1,800.00
Selling Expenses
General Expenses
4,000.00
12,000.00
Gross Profit
?
Net Income for the Month
100,000.00
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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