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E9-9 Required: Determine the missing amounts. Cost of Goods Sold Gross Sales Profit Beg Inventory Purchases Inventory Net Net Ending Sales returns Sales (Loss) 5,000 80,000 24,000 130,000 38,000 2 126,000 6,000 48,000 145,000 46,500

E9-9 Required: Determine the missing amounts. Cost of Goods Sold Gross Sales Profit Beg Inventory Purchases Inventory Net Net Ending Sales returns Sales (Loss) 5,000 80,000 24,000 130,000 38,000 2 126,000 6,000 48,000 145,000 46,500

FINANCIAL ACCOUNTING
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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Please answer numbers 8-10 only. Put the formula

E9-9 Required: Determine the missing amounts. Cost of Goods Sold Gross Sales Net Ending Profit Beg Inventory Purchases Inventory Net Sales returns Sales (Loss) 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 12,300 196,000 179,500 431,700 95,000 15,100 666,900 390,000 112,100 363,900 8 714,000 78,000 284,000 233,500 464,000 133,000 183,200 857,000 839,800 542,000 10 19,500 908,500 222,000 74,000 245,500
Transcribed Image Text:E9-9 Required: Determine the missing amounts. Cost of Goods Sold Gross Sales Net Ending Profit Beg Inventory Purchases Inventory Net Sales returns Sales (Loss) 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 12,300 196,000 179,500 431,700 95,000 15,100 666,900 390,000 112,100 363,900 8 714,000 78,000 284,000 233,500 464,000 133,000 183,200 857,000 839,800 542,000 10 19,500 908,500 222,000 74,000 245,500
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