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 Case A $ Case B 7,540 $ 11,030 $ 6,510 4,990 Goods available for sale Ending inventory 10,200 15,210 10,880 Case C $ 6,010 $ 3,920 9,410 13,330 Cost of goods sold 4,300 Gross profit 1,490 Expenses 260 610 Pretax income (loss) $ 1,460 $ (600) $ 1,100
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 Case A $ Case B 7,540 $ 11,030 $ 6,510 4,990 Goods available for sale Ending inventory 10,200 15,210 10,880 Case C $ 6,010 $ 3,920 9,410 13,330 Cost of goods sold 4,300 Gross profit 1,490 Expenses 260 610 Pretax income (loss) $ 1,460 $ (600) $ 1,100
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![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
Case A
$
Case B
7,540
Beginning inventory
11,030
$
6,510
Purchases
4,990
Goods available for sale
Ending inventory
10,200
15,210
10,880
Cost of goods sold
Gross profit
Expenses
260
Pretax income (loss)
$
1,460
1,490
Case C
$
6,010
3,920
9,410
13,330
4,300
610
(600)
$
1,100](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Feaa3d760-1ecd-4e71-a76f-beb7cc366c7b%2Fb631239d-e1d9-409e-847a-80bdd95f99b3%2Fo22i638_processed.png&w=3840&q=75)
Transcribed Image Text: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
Case A
$
Case B
7,540
Beginning inventory
11,030
$
6,510
Purchases
4,990
Goods available for sale
Ending inventory
10,200
15,210
10,880
Cost of goods sold
Gross profit
Expenses
260
Pretax income (loss)
$
1,460
1,490
Case C
$
6,010
3,920
9,410
13,330
4,300
610
(600)
$
1,100
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