CHECKLIST OF KEY FIGURES
Chapter 5 Accounting for Merchandising Operations
Page |
Assignment |
Check Figures |
246 |
P5-1A |
(b) Cost of goods sold, $206,000 |
247 |
P5-2A |
Total debits to the Cost of Goods Sold account, $3,300; Total credits to the Cost of Goods Sold account, $150 |
247 |
P5-3A |
(c) Gross profit, $2,870 (d) Total current assets, $15,870 |
248 |
P5-4A |
(a) Net income, $14,900; Total assets, $103,100 |
248 |
P5-5A |
(a) Net income, $7,230; Ending capital, $79,430; Total assets, $230,990 |
249 |
P5-7A |
(a) Gross profit, $215,000; Net income, $40,000; (b) Net income, $40,000 |
250 |
P5-8A |
(a) Gross profit margin, 2000, 19.5%; 1999, 23.8% |
250 |
*P5-9A |
Total debits to the GST Recoverable account, $7,000; Total credits to the GST Recoverable account, $490 |
250 |
*P5-10A |
(c) Trial balance column totals, $9,902.90 (d) Gross profit, $775 |
251 |
*P5-11A |
(a) Adjusted trial balance column totals, $1,376,800 (b) Net income, $68,800; Ending capital, $326,600; Total assets, $418,100 (e) Post-closing trial balance column totals, $533,500 |
252 |
P5-1B |
(b) Cost of goods sold, $214,000 |
252 |
P5-2B |
Total debits to the Cost of Goods Sold account, $2,131; Total credits to the Cost of Goods Sold account, $75 |
253 |
P5-3B |
(c) Gross profit, $3,430 (d) Total current assets, $11,130 |
253 |
P5-4B |
(a) Net income, $8,050; Total assets, $264,000 |
254 |
P5-5B |
(a) Net income, $11,600; Ending capital, $210,200; Total assets, $402,800 |
255 |
P5-7B |
(a) Gross profit, $217,900; Net income, $53,450; (b) Net income, $53,450 |
255 |
P5-8B |
(a) Gross profit margin, 8 months ended December 31, 1999, 85.3%; Year ended April 30, 1999, 57.1% |
256 |
*P5-9B |
Total debits to the GST Recoverable account, $9,030; Total credits to the GST Recoverable account, $420 |
256 |
*P5-10B |
(c) Trial balance column totals, $9,230.05 (d) Gross profit, $790 |
257 |
*P5-11B |
(a) Adjusted trial balance column totals, $1,072,050 (b) Net loss, $10,850; Ending capital, $138,150; Total assets, $253,650 (e) Post-closing trial balance column totals, $298,900 |
258 |
BYP5-2 |
(b) Gross profit margin, 2000, 41%; 1999, 40% |
259 |
BYP5-3 |
(a) Gross profit margin, Carrefour, 21.4%; Wal-Mart, 21.4% (b) Current ratio, Carrefour, 1.22:1; Wal-Mart, 0.95:1 |
260 |
BYP5-5 |
(a) Net income, 1. $60,500; 2. $57,000 (c) Net income, $87,660 |