anyone can help me with accounting?

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ditanyakan 3 Nov 2012 dalam Bisnis & Keuangan oleh Faradhia Sulistiyo (2 poin)  
Presented below is information for Obley Company for the month of March 2011.

 
Cost of goods sold£212,000 Rent expense£32,000
Freight-out7,000 Sales discounts8,000
Insurance expense12,000 Sales returns and allowances13,000
Salary expense58,000 Sales370,000

a. Prepare an income statement.
b. Compute the gross profit rate.

thank you before
   

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dijawab 3 Nov 2012 oleh Dorene (10 poin)  
mau jwb tp gak ngerti kak
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dijawab 4 Nov 2012 oleh fabian (10 poin)  
a). Income Statement
Sales                                        370,000    a
Sales Return & Allw                    13,000)   b
Sales Discount                             8,000)   c
                                              ----------------
NET SALES                               349,000    d = a-(b+c)

Cost Of Good Sold                    212,000)   e
Freight Out                                  7,000)   f
                                              ---------------
COGS                                      219,000)  g = e+f
                                              ---------------
GROSS PROFIT                        130,000   h = d-g

Rent Expenses                          32,000)  i
Insurance Expenses                   12,000)  j
Salary Expenses                        58,000)  k
                                                --------------
TOTAL EXPENSES                    102,000) l = i+j+k
                                                --------------
NET INCOME                               28,000  m = h-l

b). Gross Profit 130,000

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ditanyakan 13 Des 2012 dalam Berita & Peristiwa oleh Pradika (10 poin)  
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