Les Fleurs, a boutigue in Paris, France, had the following accounts in its accounting records at December 31, 20X2

Purchases E250,000 Freight In E8,000
Sales Discounts 4,000 Purchase returns 7,000
Inventory Sales 400,000
December 31, 20X1 30,000 Purchase discounts 3,000
December 31, 20X2 Sales returns 8,000

Compute the following for Les Fleurs during 20X2

1. Net sales revenues
2. Cost of goods sold
3. Gross profit:confused
:confused:

Quote:

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Originally Posted by trt2009

Les Fleurs, a boutigue in Paris, France, had the following accounts in its accounting records at December 31, 20X2

Purchases E250,000 Freight In E8,000
Sales Discounts 4,000 Purchase returns 7,000
Inventory Sales 400,000
December 31, 20X1 30,000 Purchase discounts 3,000
December 31, 20X2 Sales returns 8,000

Compute the following for Les Fleurs during 20X2

1. Net sales revenues
2. Cost of goods sold
3. Gross profit:confused
:confused:

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I need some help with this one also can you please help??