Merchandisers Multi Step Income Statement


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Whether you manage the finances at your work or at home, adequate communication is essential. Accurately keeping track of financial data is not only critical for running the day-to-day operations of your small business, but it is also important when seeking funds from investors or lenders to grow your business to the next level. Having correct and accurate information exchange, enables and ensures you, you are able to make the right decisions. For those working in Finance, it's important to be accurate and always double-check every detail.

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Looking for more? Our collection of financial documents, templates, forms, and spreadsheets includes templates designed specifically for small business owners, private individuals, or Finance Staff. Find financial projections to calculate your startup expenses, payroll costs, sales forecast, cash flow, income statement, balance sheet, break-even analysis, financial ratios, cost of goods sold, amortization and depreciation for your company. These financial templates also work with OpenOffice and Google Spreadsheets, so if you are operating your business on a very tight budget, hopefully, you'll be able to make these financial templates work for you as well.


Exp.,1000,,,, Interest Expense,1000,,,, COMS,10000,,,, Sales Return and Allowances,700,,,, Sales Discount,300,,,, ,,,,, ,,,,, ,Smith Company,,,, ,Income Statement,,,, ,"December 31, 2099",,,, ,,,,, Sales,35000,,,, ,,,,, ,,,,, ,,,,, ,,,,, ,,,,, ,,,,, ,,,,, ,,,,, ,,,,, ,,,,, ,,,,, ,,,,, ,,,,, ,,,,, ,,,,, ,,,,, ,,,,, ,,,,, ,,,,, ,,,,, ,,,,, ,,,,, ,,,,, ,,,,, ,,,,, ,,,,, ,,,,, ,,,,, ,,,,, ,,,,, Problem 3 - Complete the following Bank Reconsiliation,,,,, ,,,,, ,,,,, Ending Balance on Bank Statement,20000,,,, Ending Balance on Depositor s Records,8000,,,, Collection of Notes Rec.,7000,,,, Interest Income on Note Rec.,1000,,,, Outstanding Checks,7000,,,, Deposits in Transit,2000,,,, Service Charge,1000,,,, ,,,,, Complete in the following form:,,,,, ,,,,, Ending Balance on Bank Statement,20000,,,, Add:,,,,, ,,,,, ,,,,, Subtract:,,,,, ,,,,, ,,,,, Adjusted Bank Balance:,,,,, ,,,,, ,,,,, Ending Balance on Depositor s Records,8000,,,, Add:,,,,, ,,,,, ,,,,, ,,,,, Subtract:,,,,, ,,,,, ,,,,, Adjusted Book Balance:,,,,, ,,,,, ,,,,, Problem 4 - Perpetual System, ,,,, ,Complete the following using the Perpetual System And the FIFO method,,,, ,I have started it with the beginning inventory of 10 units at 10 and the first purchase of 15 units of 12..



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