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Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
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Phoniex University
Oct-2001 - Nov-2016
I am looking for the answer to this assignment. I am not an accounting major and have no clue. Please help Assignment Name: Unit 4 Individual Project Deliverable Length: 2-3 paragraphs Details: Les Fleurs, a boutique in Paris, France, had the following accounts in its accounting records at December 31, 20X2 (amounts in Euros, denoted as "E") Purchases………………... E250,000 Freight In……………… E8,000 Sales discounts…………. 4,000 Purchase returns…….. 7,000 Inventory Sales…………………. 400,000 December 31, 20X1….. 20,000 Purchase discounts…. 3,000 December 31, 20X2….. 30,000 Sales returns…………. 8,000 Administrative Expenses 20,000 Balance Sheet - December 31, 20X1 Cash 10,000 Inventory 20,000 Owner's Equity 30,000 Compute the following for Les Fleurs during 20X2: (Do not convert the figures to US dollars.) Net sales revenue Cost of goods sold Gross profit Net income Balance sheet, December 31, 20X2 Statement of Owner's Equity, December 31, 20X2
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