Les fleurs a boutique in paris france had the following

Assignment Help Financial Accounting

Reference no: EM13355663

Les Fleurs, a boutique in Paris, France, had the following accounts in its accounting records at December 31, 20X2 (amounts in Euros, denoted as "E")

Purchases	E250,000	Freight In	E8,000
Sales discounts	4,000	Purchase returns	7,000
Inventory		Sales	400,000
December 31, 20X1	20,000	Purchase discounts	3,000
December 31, 20X2	30,000	Sales returns	8,000
Administrative Expenses	20,000

Balance Sheet - December 31, 20X1
Cash	10,000
Inventory	20,000
Owner's Equity		30,000

Compute the following for Les Fleurs during 20X2: (Do not convert the figures to US dollars.)

1.Net sales revenue
2.Cost of goods sold
3.Gross profit
4.Net income
5.Balance sheet, December 31, 20X2
6.Statement of Owner's Equity, December 31, 20X2

Reference no: EM13355663

Questions Cloud

Diversified industries is a large conglomerate and is : diversified industries is a large conglomerate and is continually in the market for new acquisitions.nbsp the company

Corning howell reported taxable income in 2009 of 120 : corning howell reported taxable income in 2009 of 120 million. at december 31 2009 the reported amount of some assets

Aunt ethels fancy cookie company manufactures and sells : aunt ethels fancy cookie company manufactures and sells three flavors of cookies macaroon sugar and buttercream. the

Les fleurs a boutique in paris france had the following : les fleurs a boutique in paris france had the following accounts in its accounting records at december 31 20x2 amounts

For each of the following 1000-par-value bond assuming : for each of the following 1000-par-value bond assuming annual interest payment and a 40 tax rate calculate the

Ridge tool has on its books the amounts and specific after : ridge tool has on its books the amounts and specific after tax costs shown in the following table for each source of

Southland industries has 60000 at 16 annual interest bonds : southland industries has 60000 at 16 annual interest bonds outstanding 1500 shares of preferred stock paying an annual

Write a paper on examining human service interactions in : write a paper on examining human service interactions in terms of macro systems-communities and organizations. .

User Account

All Pages