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Worksheet for E5-10 E5-10 on page: 263 The trial balance of-(Answered)

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Any chance I can get help with this assignment, I am completely lost?



Worksheet for E5-10

 

E5-10 on page: 263

 

The trial balance of Sanchez Company at the end of its fiscal year, August 31,

 

2014, includes these accounts: Beginning Inventory $18,700; Purchases

 

$154,000; Sales Revenue $190,000; Freight-In $8,000; Sales Returns and

 

Allowances $3,000; Freight-Out $1,000; and Purchase Returns and Allowances

 

$5,000. The ending inventory is $21,000.

 

Instructions

 

Prepare a cost of goods sold section (periodic system) for the year ending

 

August 31, 2014. (Refer to page 231 ? Flow of Cost Illustration 5-3; Pages 246 ?

 

247; Illustration 5-13 on page 246; and the ?Do It!? Demonstration. Refer to

 

illustration 5-12 and 5-13 on page 246 & 247 to format your answer to this

 

problem)

 


 

Beginning Inventory

 

Purchases

 

Sales Revenue

 

Freight-In

 

Sales Returns and Allowances

 

Freight-Out

 

Purchase Returns and Allowances

 

Ending Inventory

 


 

$

 

$18,700

 

$154,000

 

$190,000

 

$8,000

 

$5,000

 

$1000

 

$5,000

 

$21,000

 


 

 

Paper#9255788 | Written in 27-Jul-2016

Price : $16
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