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Presented here is information related to Djuric Ltd for the month of January 2016.
Freight-in 13,770
Rent expense
Store space 14,680
Office space 14,680
Freight-out 9,590
Salary expense
Sales 31,210
Office 56,670
Insurance expense 17,800
Discount allowed 11,480
Purchases 283,980
Sales returns and allowances 18,860
Sales 444,870
Purchase returns and allowances 12,960
Beginning inventory was $ 60,590, and ending inventory was $ 89,310.
Required
Problem 1: Prepare a fully classified statement of profit or loss for Djuric Ltd.
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