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Other Fields Homework Help Accounting Topic started by: H3Ko on Sep 5, 2016



Title: Excellent, Inc. sells accounting textbooks. The following information summarizes Excellent's ...
Post by: H3Ko on Sep 5, 2016
Excellent, Inc. sells accounting textbooks. The following information summarizes Excellent's operating activities for the year:

Merchandise Inventory, January 1   $10,000
Merchandise Inventory, December 31   7,000
Purchases   95,000
Selling and Administrative Expenses   65,000
Sales Revenue   180,000

Required: Prepare Excellent, Inc.'s income statement for the year ended December 31.


Title: Re: Excellent, Inc. sells accounting textbooks. The following information summarizes Excellent's ...
Post by: Tanks on Sep 5, 2016
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Title: Re: Excellent, Inc. sells accounting textbooks. The following information summarizes Excellent's ...
Post by: H3Ko on Oct 12, 2016
I just realized you had posted this! Thanks so much