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Hi,

I am not 1005 sure on how to journalize these two transactions using a perpetual merchandise inventory accounting system.

1) received credit of $40 from douglas Co. for a damaged raquet...

I am doing a trial balance for July 31st, 2004...

One of my accounts is notes payable, due 2007: 28,450.

Do I divide this figure in four? In three? Report as total figure- 28,450?

Hello,

I am working on: earnings per share, and earnings per ratio. I have completed the following question, and would like my work to be checked for accuracy.


NET SALES ...

I'm still not 100% sure where to start, so I am attaching an excel file, which gives all the information I have . I am hoping to get some pointers on where to begin.

My opening book balance should...

I believe I am now finished... Can someone please check this for me?

I have reattached the spreadsheet. I think I'm getting closer. Check it out and let me know, if you don't mind.

When doing bank reconciliations, how do you calculate unadjusted cash balances in the general ledger? Is there a 'formula" to be used here

Attached is what I have so far. Please let me know if I am on the right track ,and what is needed from this point on?

Does that mean everything is multiplied by 1.6 in order to get the retail cost for say, beginning inventory, net sales, etc?

I need help with retail inventory method: I do not know how to figure out goods available for sale at retail, or any other bits of information... Here is the question/equation

Athletic Shirts:...