The following balances are taken from the Statement of Comprehensive Income of JR Bellen Trading. 2016 2017 2018 Sales 180,000 a 193,000 Sales Returns and Allowances 12,000 4,000 3,200 Sales Discounts...


The following balances are taken from the Statement of Comprehensive Income of JR Bellen Trading.<br>2016<br>2017<br>2018<br>Sales<br>180,000<br>a<br>193,000<br>Sales Returns and Allowances<br>12,000<br>4,000<br>3,200<br>Sales Discounts<br>3,500<br>6,800<br>b<br>Net Sales<br>41,200<br>d.<br>Merchandise Inventory, Beg.<br>8,600<br>f<br>e<br>Purchases<br>137,900<br>31,240<br>125,000<br>Purchase Returns<br>3,200<br>g<br>15,400<br>Freight-In<br>5,600<br>9,800<br>5,700<br>Merchandise Inventory, End<br>10,200<br>19,000<br>h<br>Cost of Goods Sold<br>i<br>125,800<br>Gross Profit<br>k<br>10,560<br>63,500<br>Required: Compute for the missing amounts<br>

Extracted text: The following balances are taken from the Statement of Comprehensive Income of JR Bellen Trading. 2016 2017 2018 Sales 180,000 a 193,000 Sales Returns and Allowances 12,000 4,000 3,200 Sales Discounts 3,500 6,800 b Net Sales 41,200 d. Merchandise Inventory, Beg. 8,600 f e Purchases 137,900 31,240 125,000 Purchase Returns 3,200 g 15,400 Freight-In 5,600 9,800 5,700 Merchandise Inventory, End 10,200 19,000 h Cost of Goods Sold i 125,800 Gross Profit k 10,560 63,500 Required: Compute for the missing amounts

Jun 09, 2022
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