Determine the missing amounts. Hardy Cosmetics Wang Wholesalers Yee Grocery 100,000 ke) Sales revenue $90,000 $122,000 Sales returns and allowances 4,000 ka) 5,000 12,000 Net sales 86,000 95,000 110,000 () Cost of goods sold 56,000 86,000 (1) Gross profit 30,000 (b) 38,000 24,000 Operating expenses 15,000 20,000 K9) 18,000 Income from operations 15,000 (c) 18,000 Kh) 6,000 (k) Other expenses and losses 4,000 7,000 1,000 (1) Net income 11,000 (d) 11,000 5,000 Click if you would like to Show Work for this question: Open Show Work

Determine the missing amounts. Hardy Cosmetics Wang Wholesalers Yee Grocery 100,000 ke) Sales revenue $90,000 $122,000 Sales returns and allowances 4,000 ka) 5,000 12,000 Net sales 86,000 95,000 110,000 () Cost of goods sold 56,000 86,000 (1) Gross profit 30,000 (b) 38,000 24,000 Operating expenses 15,000 20,000 K9) 18,000 Income from operations 15,000 (c) 18,000 Kh) 6,000 (k) Other expenses and losses 4,000 7,000 1,000 (1) Net income 11,000 (d) 11,000 5,000 Click if you would like to Show Work for this question: Open Show Work

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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