Income statement merchandising PDF

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Summary

Example of merchandise income statement...

Description

The Green Valley Merchandising Income Statement For the Year Ended December 31, 2018 Sales Less Sales Returns and Allowances : Sales Discounts Net Sales Less Cost of Goods Sold : Merchandise Inventory, January 1 Add: Purchases Add: Transportation-in Total Less: Purchase Returns and Allowances Purchase Discounts Net Purchases Total Cost of Goods Available For Sale Less: Merchandise Inventory, December 31 Cost of Goods Sold Gross Profit Add: Other Income – Rent Revenue Less Operating Expenses: : Selling Expenses: Sales Salaries Expense Advertising Expense Depreciation expense-Store Equipment Store Supplies Expense Miscellaneous Selling Expense Total Selling Expenses General and Administrative Expenses: Office Salaries Expense Rent Expense Insurance Expense Depreciation Expense-Office Equipment Office Supplies Expense Miscellaneous Administrative Expense

P 457,500 P 5,950 3,550

9,500 P 448,000

P 90,000 P 270,000 3,100 P 273,100 P 5,050 2,450

7,500 265,600 P 355,600 98,000 257,600 P 190,400 400

P 37,625 12,500 3,750 1,475 800 P 56,150 P 22,575 13,000 2,700 1,900 675 825

Total General and Administrative Expenses

Financial Cost Total Expenses

41,675 5,800 ( 103,625)

Net Income

P 87,175 Income Statement-Merchandising Business-Single Proprietorship...