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Question
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Sep 14, 2007, 07:22 PM
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Posts: 1
| | | income statement, owners equity statement and balance sheet
Les Fleurs, a boutique in Paris, France, had the following accounts in its accounting records at December 31, 20X2 (amounts in Euros, denoted as "E")
Purchases………………...
E250,000 Freight In……………… E8,000
Sales discounts…………. 4,000 Purchase returns…….. 7,000
Inventory Sales…………………. 400,000
December 31, 20X1….. 20,000 Purchase discounts…. 3,000
December 31, 20X2….. 30,000 Sales returns…………. 8,000
Compute the following for Les Fleurs during 20X2: (Do not convert the figures to US dollars.)
Net sales revenue
Cost of goods sold
Gross profit
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Answers
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Sep 26, 2007, 01:47 PM
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#2
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| Quote: |
Originally Posted by kristina123fit Les Fleurs, a boutique in Paris, France, had the following accounts in its accounting records at December 31, 20X2 (amounts in Euros, denoted as "E")
Purchases………………...
E250,000 Freight In……………… E8,000
Sales discounts…………. 4,000 Purchase returns…….. 7,000
Inventory Sales…………………. 400,000
December 31, 20X1….. 20,000 Purchase discounts…. 3,000
December 31, 20X2….. 30,000 Sales returns…………. 8,000
Compute the following for Les Fleurs during 20X2: (Do not convert the figures to US dollars.)
Net sales revenue
Cost of goods sold
Gross profit | set up a balance sheet and than a income statement you will find it after doing this |
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Nov 6, 2009, 04:34 PM
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#3
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Posts: 15
| balance sheet | |
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Nov 6, 2009, 04:36 PM
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#4
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Posts: 15
| explain the concepts of amortization and depreciation | |
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Nov 6, 2009, 04:38 PM
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#5
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| Eplain the concepts of Amortization and Depreciation in Accounting | |
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Nov 6, 2009, 04:44 PM
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#6
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Posts: 15
| Quote:
Originally Posted by Lawtona  set up a balance sheet and than a income statement you will find it after doing this | set up balance sheet | |
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Nov 6, 2009, 04:53 PM
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#7
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Join Date: Nov 2009
Posts: 15
| Compute the following for Les Fleurs during 20x2 Net sales revenue, Cost of goods sold, Gross Profit, Net income, Balance sheet, December 31, 20x2, Statement of Owner's Equity, December 31, 20x2 | |
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