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Author Question: What entry would you make on an income statement for NET SALES for the year ended December 31, 2011? ... (Read 153 times)

lak

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on: Jun 24, 2018
What entry would you make on an income statement for NET SALES for the year ended December 31, 2011? Gross Sales, 200,000; Sales Returns and Allowances, 5,800; Sales Discounts, 5,700; Merchandise Inventory, January 1, 2011, 67,100; Merchandise Inventory, December 31, 2011, 51,900; Net Purchases, 89,200; Freight In, 700; Salaries, 81,800; Rent, 18,600; Utilities, 1,125; Insurance, 2,175; and Income Tax, 14,900.
 A) 105,100
  B) 118,600
  C) 157,000
  D) 188,500

Question 2

Convert the percent to a decimal: 192


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jlaineee

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Reply #1 on: Jun 24, 2018
Answer to Question 1

D

Answer to Question 2

1.92


lak

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Reply 2 on: Jun 24, 2018
Great answer, keep it coming :)

mcarey591

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Reply 3 on: Yesterday
:D TYSM

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