Account

In: Business and Management

Submitted By yueyue
Words 17595
Pages 71
ing
CHAPTER 5

Accounting for Merchandising Operations

ASSIGNMENT CLASSIFICATION TABLE

| | |Brief | |Problems Set A |Problems |
|Study Objectives |Questions |Exercises |Exercises | |Set B |
|Describe the differences between |1, 2, 3, 4 |1 |1 |1 |1 |
|service and merchandising companies. | | | | | |
|Prepare entries for purchases under a |5, 6, 7, 8, 9, 10,|2, 3, 4, 5 |1, 2, 4, 5, 10 |2, 3, 4 |2, 3, 4 |
|perpetual inventory system. |11 | | | | |
|Prepare entries for sales under a |8, 9, 10, 11 |6, 7 |1, 3, 4, 5, 10 |2, 3, 4 |2, 3, 4 |
|perpetual inventory system. | | | | | |
|Perform the steps in the accounting |12, 13, 14 |8, 9 |1, 4, 5, 7 |5, 6, 7 |5, 6, 7 |
|cycle for a merchandising company. | | | | | |
|Prepare multiple-step and single-step |15, 16, 17 |10, 11 |1, 6, 7, 8 |5, 4, 6, 7 |4, 5, 6, 7 |
|income statements. | | | | | |
|Calculate the gross profit margin and |18, 19 |12, 15 |1, 9 |6, 7, 8 |6, 7, 8 |
|profit margin. | | ...