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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 71,000 $ 7,200 31,000 33,000 19,000 $ b 44,300 $ 16,800 2,600 17,000 10,000 17,300 $ C 49,000 5,500 7,900 44,000 8,300 5,200 14,650 13,100 d 1,550 $ 44,900 4,000 40,900 $ e 24,400 4,400 6,300 7,700 7,000

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 71,000 $ 7,200 31,000 33,000 19,000 $ b 44,300 $ 16,800 2,600 17,000 10,000 17,300 $ C 49,000 5,500 7,900 44,000 8,300 5,200 14,650 13,100 d 1,550 $ 44,900 4,000 40,900 $ e 24,400 4,400 6,300 7,700 7,000

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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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) LA $ a 71,000 7,200 31,000 33,000 19,000 SA LA $ b 44,300 16,800 2,600 17,000 GA $ 10,000 17,300 $ C 49,000 5,500 8,300 14,650 13,100 1,550 $ d 7,900 44,000 5,200 44,900 4,000 40,900 $ e 24,400 4,400 6,300 7,700 7,000
Transcribed Image Text: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) LA $ a 71,000 7,200 31,000 33,000 19,000 SA LA $ b 44,300 16,800 2,600 17,000 GA $ 10,000 17,300 $ C 49,000 5,500 8,300 14,650 13,100 1,550 $ d 7,900 44,000 5,200 44,900 4,000 40,900 $ e 24,400 4,400 6,300 7,700 7,000
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