Exercise 6-23
Key Code:
Instructions
Answers are entered in the cells with gray backgrounds.
An asterisk (*) will appear to the right of an incorrect entry. The essay answer will not be graded.
a.
Sales
Gross profit
Expenses:
Total expenses
Income from operations
Other expense:
Net income
b.
0%
[Key code here]
(Key essay answer here)
Name:
Section:
For the Year Ended October 31, 2016
PRESTIGE FURNISHINGS COMPANY
Income Statement
Cells with non-gray backgrounds are protected and cannot be edited.
Score:
Exercise 6-23
Instructions
Answers are entered in the cells with gray backgrounds.
a.
Sales 6,410,000$
3,800,000
For the Year Ended October 31, 2016
Cost of merchandise sold
Name:
Solution
Section:
Cells with non-gray backgrounds are protected and cannot be edited.
An asterisk (*) will appear to the right of an incorrect entry. The essay answer will not be graded.
Scoring:
PRESTIGE FURNISHINGS COMPANY
Income Statement