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Free Example of Merchandising Operations Essay

 

Individual Project Template

  
       
                 

Net sales

   

Net income

     
 

Sales

  400,000.00

   

Gross profit

  150,000.00

   
 

Less sales discount

             4,000.00

   

less administrative expense

    20,000.00

   
 

Less sales returns

      8,000.00

   

Net income

  130,000.00

   
 

Net sales revenue

  388,000.00

           
       

 Statement of owners equity

     

Cost of goods sold

     

Beginning owners equity

    30,000.00

   
 

Beginning Inventory

    20,000.00

   

Add net income

  130,000.00

   
 

add Purchases

  250,000.00

   

Ending owners equity

  160,000.00

   
 

less purchases returns

      7,000.00

           
 

less purchases discounts  

      3,000.00

 

Balance sheet

     
 

add freight in

      8,000.00

   

Cash

  130,000.00

Liabilities

 
 

Goods available for sale

  268,000.00

   

add inventory

    30,000.00

Owner equity

  160,000.00

 

less ending inventory

    30,000.00

   

Total assets

  160,000.00

Total Liabilities & owners equity

  160,000.00

 

Cost of goods sold

  238,000.00

           
                 

Gross profit

             
 

Net sales revenue

  388,000.00

           
 

less cost of goods sold

  238,000.00

           
 

Gross profit

  150,000.00

           
                 

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Code: Sample20

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