Canadian Hardware Supplies LTD Discussion Questions

Anonymous
timer Asked: Apr 15th, 2019
account_balance_wallet $19.99

Question Description

answer some questions about acct. And quickly to back

Tutor Answer

DrGates
School: Cornell University

Attached.

Running head: ACCOUNTING EXERCISE
CANADIAN HARDWARE SUPPLIES LTD
Income Statement
Year Ended November 30, 2018
Revenue
Sales revenue............................................................................... $1,821,500.00
Less: Sales discounts................................................................8250
Sales returns and allowances................................................46,500.00
Net sales…………………………………………………………. $1766750.00
Purchases...........................................................................................$1,100,500
Less: Purchase discounts……………………………………...6300
Purchase return and allowance……………………………… 2100
Costs of Goods Sold…………………………………………………$1,092,100
Gross profit.....................................

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Anonymous
Thanks, good work

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