Read our
Moneyback
Guarantee

Comprising Retailing Procedures


Unit 4 Individual project template

&nbsp &nbsp &nbsp &nbsp &nbsp &nbsp
&nbsp &nbsp &nbsp &nbsp &nbsp &nbsp &nbsp &nbsp &nbsp

Internet sales

&nbsp &nbsp

Net gain

&nbsp &nbsp &nbsp
&nbsp

Sales

&nbsp 400,000.00

&nbsp &nbsp

Gross profit

&nbsp 150,000.00

&nbsp &nbsp
&nbsp

Less sales discount

&nbsp&nbsp&nbsp&nbsp&nbsp &nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp4,000.00

&nbsp &nbsp

less administrative expense

&nbsp&nbsp&nbsp 20,000.00

&nbsp &nbsp
&nbsp

Less sales returns

&nbsp&nbsp&nbsp&nbsp&nbsp 8,000.00

&nbsp &nbsp

Net gain

&nbsp 130,000.00

&nbsp &nbsp
&nbsp

Internet sales revenue

&nbsp 388,000.00

&nbsp &nbsp &nbsp &nbsp &nbsp &nbsp
&nbsp &nbsp &nbsp &nbsp

Statement of proprietors equity

&nbsp &nbsp &nbsp

Price of goods offered

&nbsp &nbsp &nbsp

Beginning proprietors equity

&nbsp&nbsp&nbsp 30,000.00

&nbsp &nbsp
&nbsp

Beginning Inventory

&nbsp&nbsp&nbsp 20,000.00

&nbsp &nbsp

Add net gain

&nbsp 130,000.00

&nbsp &nbsp
&nbsp

add Purchases

&nbsp 250,000.00

&nbsp &nbsp

Ending proprietors equity

&nbsp 160,000.00

&nbsp &nbsp
&nbsp

less purchases returns

&nbsp&nbsp&nbsp&nbsp&nbsp 7,000.00

&nbsp &nbsp &nbsp &nbsp &nbsp &nbsp
&nbsp

less purchases discount rates&nbsp&nbsp

&nbsp&nbsp&nbsp&nbsp&nbsp 3,000.00

&nbsp

Balance sheet

&nbsp &nbsp &nbsp
&nbsp

add freight in

&nbsp&nbsp&nbsp&nbsp&nbsp 8,000.00

&nbsp &nbsp

Cash

&nbsp 130,000.00

Liabilities

&nbsp
&nbsp

Goods available available

&nbsp 268,000.00

&nbsp &nbsp

add inventory

&nbsp&nbsp&nbsp 30,000.00

Owner equity

&nbsp 160,000.00

&nbsp

less ending inventory

&nbsp&nbsp&nbsp 30,000.00

&nbsp &nbsp

Total assets

&nbsp 160,000.00

Total Liabilities &amplifier proprietors equity

&nbsp 160,000.00

&nbsp

Price of goods offered

&nbsp 238,000.00

&nbsp &nbsp &nbsp &nbsp &nbsp &nbsp
&nbsp &nbsp &nbsp &nbsp &nbsp &nbsp &nbsp &nbsp &nbsp

Gross profit

&nbsp &nbsp &nbsp &nbsp &nbsp &nbsp &nbsp
&nbsp

Internet sales revenue

&nbsp 388,000.00

&nbsp &nbsp &nbsp &nbsp &nbsp &nbsp
&nbsp

less price of goods offered

&nbsp 238,000.00

&nbsp &nbsp &nbsp &nbsp &nbsp &nbsp
&nbsp

Gross profit

&nbsp 150,000.00

&nbsp &nbsp &nbsp &nbsp &nbsp &nbsp
&nbsp &nbsp &nbsp &nbsp &nbsp &nbsp &nbsp &nbsp &nbsp

References:

Harrison W. and Horngren C. (1992). Financial Accounting. Prentice-Hall series in accounting. Prentice Hall, 1992.

&nbsp

&nbsp

&nbsp

&nbsp

&nbsp

&nbsp

&nbsp

Our Unique Features

  • 100% Moneyback Guarantee
  • Plagiarism Free Guarantee
  • Free revisions according to our Revision Policy
  • Free title page
  • Free bibliography & reference
  • Free formatting (APA, MLA, Chicago, Harvard and others)
  • 24/7 Customer Support