Accounting #5

copy_of_wk5.hw_.xlsx

E25-1A

E25-1A
Walters and Jennings Sportswear
Departmental Income Statement (Partial)
For the Year Ended December 31, 20--
		Running Shoes Dept.	Walking Shoes Dept.	Specialty Shoes Dept.	Total
	Sales
	Cost of goods sold
	Gross profit

Problem 25-9A			Name:
1.
Thomas Security
Income Statement
For the Year Ended December 31, 20--
			Commercial Property	Residential Homes	Total

	Net sales
	Cost of goods sold
	Gross profit
	Direct operating expenses:
		Advertising expense
		Store clerks' wages expense
		Truck drivers' wages expense
		Bad debt expense
		Depr. Exp. - delivery equipment
		Other operating expenses
		Total direct operating expenses
	Departmental direct operating margin
	Indirect operating expenses:
		Store clerks' wages expense
		Advertising expense
		Store rent expense
		Other operating expenses
		Total direct operating expenses
	Operating income
2.
			Direct Operating Margin	Net Sales	Direct Operating Margin Percentage
	Departmental direct operating margin
	percentages:
		Commercial
		Residential

Problem 25-9B			Name:
1.
Peterson's Furniture and Appliances
Income Statement
For the Year Ended December 31, 20--
			Furniture Department	Appliances Department	Total

	Net sales
	Cost of goods sold
	Gross profit
	Direct operating expenses:
		Advertising expense
		Store clerks' wages expense
		Truck drivers' wages expense
		Bad debt expense
		Depr. Exp. - delivery equipment
		Other operating expenses
		Total direct operating expenses
	Departmental direct operating margin
	Indirect operating expenses:
		Store clerks' wages expense
		Advertising expense
		Store rent expense
		Other operating expenses
		Total direct operating expenses
	Operating income
2.
			Direct Operating Margin	Net Sales	Direct Operating Margin Percentage
	Departmental direct operating margin
	percentages:
		Furniture Department
		Appliances Department

Week 5 Grading Rubric
	Point Available	Points Earned
E25-1A Total	10 points
P25-9A Total	10 points
*requirement 1	7 points
*requirement 2	3 points
P25-9B Total	10 points
*requirement 1	7 points
*requirement 2	3 points
QuickBooks Reports 10 points
2 reports at 3 points each and 2 reports at 2 points each. The Account Listing,
Trial Balance, P&L, and the Balance Sheet. The
Journal and the Transaction Detail by Account
reports