Contoh Soal mencari nilai akun.( Missing Amounts )

Missing Amounts

·        Missing Amounts

Presented below is financial information for two different companies.

                                            Shabbona Company                          Jenkins Company

                         Sales                                         $ 90,000                                             ( d )

                         Sales Return                                    ( a )                                          $   5,000

                         Net Sales                                   $ 85,000                                        $ 90,000

                         Cost of Goods Sold                    $ 56,000                                            ( e )

                         Gross Profit                                    ( b )                                           $ 38,000

                         Operating Expenses                    $ 15,000                                        $ 23,000

                         Net Income                                    ( c )                                            $ 15,000

·         Instructions

Compute the missing amounts.

First, ** Shabbona Company

A.    Sales Return = Sales – Net Sales

                             = $ 90,000 - $ 85,000

                             = $ 5,000

B.     Gross Profit = Net Sales – Cost of goods sold

         = $ 85,000 – 56,000

         = $ 29,000

                   

C.    Net Income = Gross Profit – Operating Expense

        = $ 29,000 - $ 15,000

        = $ 14,000

 

                Last, ** Jenkins Company

D.    Sales           = Sales Return + Net Sales

      = $ 5,000 + $ 90,000

      = $ 95,000

E.     Cost of good Sold  = Net Sales – Gross Profit

       = $ 90,000 - $ 38,000

       = $ 62,000