Ask Experts Questions for FREE Help!
  Advanced
Register  |  Log in  
   Ask    
 Answer  
  Help  

Ask QuestionsprogressAnswer QuestionsprogressBuild ReputationprogressBecome an Expert
 
Free Answers in 3 Easy Steps

Register Now
3 Steps

At Ask Me Help Desk you can ask questions in any topic and have them answered for free by our experts. To ask questions or participate in answering them you must register for a free account. By registering you will be able to:
  • Get free answers from experts in any of our 300+ topics.
  • Accept money for answers that you provide.
  • Communicate privately with other members (PM).
  • See fewer ads.

Home > Business & Careers > Accounting   »   income statement, owners equity statement and balance sheet

Answer this Question
Ask about Accounting
 
Question Tools Search this Question Display Modes
Question
 
 
#1  
Old Sep 14, 2007, 06:22 PM
kristina123fit
New Member
kristina123fit is offline
 
Join Date: Sep 2007
Posts: 1
kristina123fit See this member's comment history on his/her Profile page.
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

Reply With Quote
 
     

Answers
 
 
Old Sep 26, 2007, 12:47 PM   #2  
Lawtona
New Member
Lawtona is offline
 
Join Date: Sep 2007
Posts: 3
Lawtona See this member's comment history on his/her Profile page.
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
  Reply With Quote
 
     
Answer this Question
Ask about Accounting


Question Tools Search this Question
Search this Question:

Advanced Search
Display Modes

 
Similar Sponsors

Similar Questions
Question Asker Topic Answers Last Post
Income statement and balance sheet Moises82 Accounting 4 May 16, 2007 03:29 AM
Interlocking Balance Sheet and Income Statement Entrepreneur Accounting 1 Jan 30, 2007 08:09 PM
Balance Sheet/Income Statement Questions Wizardx Finance & Accounting 0 Oct 21, 2006 02:12 PM
Multi-Step Income Statement & Classified Balance Sheet Help! dowlichr Finance & Accounting 0 Sep 6, 2006 04:35 PM
Homework Assignment - Income Statement Balance bosey Finance & Accounting 2 Jun 7, 2006 04:13 PM




Copyright ©2003 - 2007, Ask Me Help Desk.
All times are GMT -8. The time now is 08:39 PM.

Content Relevant URLs by vBSEO 3.0.0 RC6 © 2006, Crawlability, Inc.