Revenue: Gross Sales Less: Sales Returns and Allowances Net Sales Cost of Goods Sold: Beginning Inventory Add: Purchases Direct Labor Indirect Expenses Less: Ending Inventory Cost of Goods Sold Gross Profit (Loss) Expenses: $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 Advertising Bank Charges Commissions $0.00 $0.00 $0.00 Contract Labor $0.00 Credit Card Fees $0.00 Delivery Expenses $0.00 Dues and Subscriptions $0.00 Insurance $0.00 Interest $0.00 Maintenance $0.00 Miscellaneous $0.00 Office Expenses $0.00 Payroll $0.00 Permits and Licenses $0.00 Postage $0.00 Professional Fees $0.00 Property Taxes $0.00 Rent $0.00 Telephone $0.00 Travel $0.00 Utilities Total Expenses Net Operating Income Other Income: Gain (Loss) on Sale of Assets $0.00 Interest Income $0.00 Total Other Income $0.00 Net Income (Loss) $0.00 $0.00 $0.00 $0.00

Revenue: Gross Sales Less: Sales Returns and Allowances Net Sales Cost of Goods Sold: Beginning Inventory Add: Purchases Direct Labor Indirect Expenses Less: Ending Inventory Cost of Goods Sold Gross Profit (Loss) Expenses: $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 Advertising Bank Charges Commissions $0.00 $0.00 $0.00 Contract Labor $0.00 Credit Card Fees $0.00 Delivery Expenses $0.00 Dues and Subscriptions $0.00 Insurance $0.00 Interest $0.00 Maintenance $0.00 Miscellaneous $0.00 Office Expenses $0.00 Payroll $0.00 Permits and Licenses $0.00 Postage $0.00 Professional Fees $0.00 Property Taxes $0.00 Rent $0.00 Telephone $0.00 Travel $0.00 Utilities Total Expenses Net Operating Income Other Income: Gain (Loss) on Sale of Assets $0.00 Interest Income $0.00 Total Other Income $0.00 Net Income (Loss) $0.00 $0.00 $0.00 $0.00

College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)

22nd Edition

ISBN:9781305666160

Author:James A. Heintz, Robert W. Parry

Publisher:James A. Heintz, Robert W. Parry

Chapter14: Adjustments And The Work Sheet For A Merchandising Business

Section: Chapter Questions

Problem 1MC

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