Enter the missing dollar amounts for the income statement for each of the following independent cases. (Hint: In Case B, work from the bottom up.) Net sales revenue Beginning inventory Purchases Goods available for sale Ending inventory Cost of goods sold Case A Case B $ 7,590 $ 11,020 $ 6,610 4,880 15,250 10,250 10,960 Case C $ 6,120 $ 3,990 9,330 13,320 4,350 Gross profit Expenses 1,350 300 550 Pretax income (loss) $ 1,640 $ (470) $ 1,220

Enter the missing dollar amounts for the income statement for each of the following independent cases. (Hint: In Case B, work from the bottom up.) Net sales revenue Beginning inventory Purchases Goods available for sale Ending inventory Cost of goods sold Case A Case B $ 7,590 $ 11,020 $ 6,610 4,880 15,250 10,250 10,960 Case C $ 6,120 $ 3,990 9,330 13,320 4,350 Gross profit Expenses 1,350 300 550 Pretax income (loss) $ 1,640 $ (470) $ 1,220

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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