Exercise 4-1 (Algo) Computing revenues, expenses, and income LO C1 Fill in the blanks in the following separate income statements a through e. Sales Cost of goods sold Merchandise inventory, beginning Total cost of merchandise purchases Merchandise inventory, ending Cost of goods sold Gross profit Expenses Net income (loss) . a 68,000 $ 7,800 36,000 33,480 25,000 $ b 44,300 $ 16,860 2,100 16,000 11,290 17,010 $ с 54,000 6,600 8,800 14,050 12,800 1,250 $ d 8,000 29,000 6,800 42,800 3,300 39,500 $ 25,800 4,450 5,700 6,700 7,100

Exercise 4-1 (Algo) Computing revenues, expenses, and income LO C1 Fill in the blanks in the following separate income statements a through e. Sales Cost of goods sold Merchandise inventory, beginning Total cost of merchandise purchases Merchandise inventory, ending Cost of goods sold Gross profit Expenses Net income (loss) . a 68,000 $ 7,800 36,000 33,480 25,000 $ b 44,300 $ 16,860 2,100 16,000 11,290 17,010 $ с 54,000 6,600 8,800 14,050 12,800 1,250 $ d 8,000 29,000 6,800 42,800 3,300 39,500 $ 25,800 4,450 5,700 6,700 7,100

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Description: Exercise 4-1 (Algo) Computing revenues, expenses, and income LO C1Fill in the blanks in the following separate income statements a through e.SalesCost of goods soldMerchandise inventory, beginningTotal cost of merchandise purchasesMerchandise invent

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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