The January 28, 2017 income statement and balance sheet for Kohl's Corporation shows the following items (in millions):
Required: Prepare the journal entries to record Net sales and Cost of goods sold for Kohl's for the fiscal year ended January 28, 2017. Assume all sales are for cash.

Question

The January 28, 2017 income statement and balance sheet for Kohl's Corporation shows the following items (in millions):
  Required: Prepare the journal entries to record Net sales and Cost of goods sold for Kohl's for the fiscal year ended January 28, 2017. Assume all sales are for cash.

Quizplus · Accepted Answer

The Answer of The January 28, 2017 income statement and balance sheet for Kohl's Corporation shows the following items (in millions):
  Required: Prepare the journal entries to record Net sales and Cost of goods sold for Kohl's for the fiscal year ended January 28, 2017. Assume all sales are for cash.

The January 28, 2017 Income Statement and Balance Sheet for Kohl's