Question
$15.00 Accounting Assignment Original Only!
- From Business: Accounting
- Closed, but you can still post tutorials
- Due on May. 22, 2010
- Asked on May 20, 2010 at 3:30:13PM
Q:
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 |
|
| Administrative Expenses |
20,000 |
|
Balance Sheet - December 31, 20X1 |
||
| Cash | 10,000 | |
| Inventory | 20,000 | |
| Owner's Equity | 30,000 |
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
- Net income
- Balance sheet, December 31, 20X2
- Statement of Owner's Equity, December 31, 20X2
Need 1 page with references need original only!
Prepare an Income Statement, Owner's Equity Statement, and Balance Sheet.
$8.00
Les Fleurs A+ Solution
- This tutorial hasn't been purchased yet.
- Posted on May 21, 2010 at 4:10:41PM
A:
Preview: ... solution d ...
Attachments:
financial statement.xls (22K)
The full tutorial is about 9 words long plus attachments.
Attachments:
financial statement.xls (22K)
$10.00
A++ Answers
- This tutorial hasn't been purchased yet.
- Posted on Sep 14, 2010 at 10:30:19PM
A:
Preview: ... ce, had the fo ...
The full tutorial is about 12 words long plus attachments.
IP4.docx (13K)