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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 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

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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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
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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