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    The Following List of Accounts Is Taken From The December

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    Hassan Jan
    The document provides a list of accounts from the December 31, 2014 unadjusted trial balance of Perdu Sales, including accrued sales salaries of $3,200, prepaid selling expenses of $5,200 that have expired, and depreciation of $2,500 for the period. It asks to prepare a worksheet, classified income statement, and closing entries, and calculate gross profit ratios for 2013 and 2014 by comparing to prior year financials provided.

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    The Following List of Accounts Is Taken From The December

    Uploaded by

    Hassan Jan
    21 views1 page
    The document provides a list of accounts from the December 31, 2014 unadjusted trial balance of Perdu Sales, including accrued sales salaries of $3,200, prepaid selling expenses of $5,200 that have expired, and depreciation of $2,500 for the period. It asks to prepare a worksheet, classified income statement, and closing entries, and calculate gross profit ratios for 2013 and 2014 by comparing to prior year financials provided.

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    The Following List of Accounts is Taken From the December

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    The document provides a list of accounts from the December 31, 2014 unadjusted trial balance of Perdu Sales, including accrued sales salaries of $3,200, prepaid selling expenses of $5,200 that have expired, and depreciation of $2,500 for the period. It asks to prepare a worksheet, classified income statement, and closing entries, and calculate gross profit ratios for 2013 and 2014 by comparing to prior year financials provided.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    21 views1 page

    The Following List of Accounts Is Taken From The December

    Uploaded by

    Hassan Jan
    The document provides a list of accounts from the December 31, 2014 unadjusted trial balance of Perdu Sales, including accrued sales salaries of $3,200, prepaid selling expenses of $5,200 that have expired, and depreciation of $2,500 for the period. It asks to prepare a worksheet, classified income statement, and closing entries, and calculate gross profit ratios for 2013 and 2014 by comparing to prior year financials provided.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
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    The following list of accounts is taken from the December

    #4357
    The following list of accounts is taken from the December 31, 2014, unadjusted trial balance of
    Perdu Sales, a business that is owned by Eldon Perdu.Additional information:Accrued sales
    salaries amount to $3,200. Prepaid selling expenses of $5,200 have expired. Depreciation for
    the period is $2,500.Required Assuming a perpetual inventory system:a. Prepare a work
    sheet.b. Prepare a classified multiple-step income statement for the year ended December 31,
    2014.c. Journalize the closing entries.Analysis Component: Assume that for the year ended
    December 31, 2013, net sales were $600,000; operating expenses were $344,000; and there
    was a net loss of $14,000. Calculate and compare the company's gross profit ratios for 2013
    and 2014.View Solution:
    The following list of accounts is taken from the December

    ANSWER
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