- purchase price of stock
- stock purchase
- margin trading
I am having trouble finding the correct numbers! When I calculate/work the numbers they either come out too big or too small. Any help would be great! Thank you in advance.
Using the information calculate net sales, beginning merchandise inventory, gross margin, and net income.
Sales and salaries exp. $3,500
Sales 45,000
Ending merchandise inventory 8,000
Purchase returns and allowances 250
General and administrative exp. 5,500
Sales returns and allowances 600
Freight-in 750
purchases 15,000
Cost of goods sold 23,500.
Again, thank you for the help.
Using the information calculate net sales, beginning merchandise inventory, gross margin, and net income.
Sales and salaries exp. $3,500
Sales 45,000
Ending merchandise inventory 8,000
Purchase returns and allowances 250
General and administrative exp. 5,500
Sales returns and allowances 600
Freight-in 750
purchases 15,000
Cost of goods sold 23,500.
Again, thank you for the help.
Accounting Help/Question?
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