14 5 pints Skipped Fill in the blanks in the following separate income statements a through e Sales Cost of goods sold Merchandise inventory beginning Total cost of merchandise purchases Merchandise inventory ending Cost of goods sold Gross profit Expenses Net income (loss) $ 62,000 $ 8,100 43,000 33,700 12.000 b 43,400 $ 16,140 5,900 2.800 19,000 37,000 10,990 13,410 $ 8,200 d 7,100 44,000 5,500 14 450 42.400 13,000 3.700 1,450 $ 38.700 $ 26,000 4,320 5,100 6,700 7.500

14 5 pints Skipped Fill in the blanks in the following separate income statements a through e Sales Cost of goods sold Merchandise inventory beginning Total cost of merchandise purchases Merchandise inventory ending Cost of goods sold Gross profit Expenses Net income (loss) $ 62,000 $ 8,100 43,000 33,700 12.000 b 43,400 $ 16,140 5,900 2.800 19,000 37,000 10,990 13,410 $ 8,200 d 7,100 44,000 5,500 14 450 42.400 13,000 3.700 1,450 $ 38.700 $ 26,000 4,320 5,100 6,700 7.500

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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