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

Quote:

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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

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Set up a balance sheet and than a income statement you will find it after doing this

Balance sheet

Explain the concepts of amortization and depreciation

Eplain the concepts of Amortization and Depreciation in Accounting

Quote:

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Originally Posted by Lawtona

set up a balance sheet and than a income statement you will find it after doing this

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Set up balance sheet

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