Cost of Gross Sales Net Beg Net Ending Goods Profit Sales returns Sales Inventory Purchases Inventory Sold (Loss) 5,000 80,000 24,000 130,000 38,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Please answer and show solution to the 4th and 5th parts only. 

E9-9
Required: Determine the missing amounts.
Cost of Gross
Sales
Net
Ending
Goods
Profit
Beg
returns Sales Inventory Purchases Inventory
Net
Sales
Sold
(Loss)
1
5,000
80,000
24,000
130,000
38,000
2 126,000
6,000
48,000
145,000
46,500
3
7,200 264,800
167,000
62,800 186,200
4 345,000
8,600
114,000
141,000 179,000
5 468,000
458,800
155,000
270,000
228,000
Transcribed Image Text:E9-9 Required: Determine the missing amounts. Cost of Gross Sales Net Ending Goods Profit Beg returns Sales Inventory Purchases Inventory Net Sales Sold (Loss) 1 5,000 80,000 24,000 130,000 38,000 2 126,000 6,000 48,000 145,000 46,500 3 7,200 264,800 167,000 62,800 186,200 4 345,000 8,600 114,000 141,000 179,000 5 468,000 458,800 155,000 270,000 228,000
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