Shawnie79
Apr 3, 2007, 06:43 AM
How do you calculate net income in a perpetual inventory system with the following accounts given
Cost of Goods Sold
Sales Revenue
Interest Revenue
Salary Expense
Sales returns and allowances
Interest Expense
Delivery Expense
Sales Discounts
Insurance Expense
Capital
Utilities Expense
Deprecation Expense
Withdrawals
Cost of Goods Sold
Sales Revenue
Interest Revenue
Salary Expense
Sales returns and allowances
Interest Expense
Delivery Expense
Sales Discounts
Insurance Expense
Capital
Utilities Expense
Deprecation Expense
Withdrawals