Fill in the blanks in the following separate income statements a through e. (Amounts to be deducted should be indicated by a minus sign.) b. e Sales $ 72,000 $ 44,500 $ 36,000 $ 25,200 Cost of goods sold 4,470 6,800 Merchandise inventory (beginning) 7,500 16,960 6,100 7,000 Total cost of merchandise purchases 58,000 37,000 (8,700) (2,100) 17,000 Merchandise iventory (ending) (6,000) Cost of goods sold 33,390 7,800 47,600 5,100 $ 15.970 $ (4,170) S 42,500 Gross profit 5,900 22,000 11.530 10,070 6,600 Expenses Net income (loss)
Fill in the blanks in the following separate income statements a through e. (Amounts to be deducted should be indicated by a minus sign.) b. e Sales $ 72,000 $ 44,500 $ 36,000 $ 25,200 Cost of goods sold 4,470 6,800 Merchandise inventory (beginning) 7,500 16,960 6,100 7,000 Total cost of merchandise purchases 58,000 37,000 (8,700) (2,100) 17,000 Merchandise iventory (ending) (6,000) Cost of goods sold 33,390 7,800 47,600 5,100 $ 15.970 $ (4,170) S 42,500 Gross profit 5,900 22,000 11.530 10,070 6,600 Expenses Net income (loss)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Fall 2021] ACC 211-D01: Princ x
O Question 1 - Chapter 4 Homewor x
O Exercise 4-1 Computing revenue x
+
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Exercise 4-1 Computing revenues, expenses, and Income LO C1, C2
Fill in the blanks in the following separate income statements a through e. (Amounts to be deducted should be indicated by a minus
sign.)
a
$ 72,000
$ 44,500 $ 36,000
25,200
Sales
Cost of goods sold
Merchandise inventory (beginning)
2$
7,500
16,960
6,100
7,000
4,470
Total cost of merchandise purchases
58,000
37,000
6,800
Merchandise inventory (ending)
(2,100)
(8,700)
(6,000)
Cost of goods sold
33.390
17,000
7,800
5,900
10,070
15,970 $ (4,170) $ 42,500
Gross profit
47,600
Expenses
22,000
11. 530
5,100
6,600
Net income (loss)
24
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7
8
9.
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Transcribed Image Text:Fall 2021] ACC 211-D01: Princ x
O Question 1 - Chapter 4 Homewor x
O Exercise 4-1 Computing revenue x
+
cation.com/ext/map/index.html?_con=con&external_browser%3D0&launchUrl=https%253A%252F%252Flms.mheducation.com%252Fmghmiddlew
ework
Saved
Help
Exercise 4-1 Computing revenues, expenses, and Income LO C1, C2
Fill in the blanks in the following separate income statements a through e. (Amounts to be deducted should be indicated by a minus
sign.)
a
$ 72,000
$ 44,500 $ 36,000
25,200
Sales
Cost of goods sold
Merchandise inventory (beginning)
2$
7,500
16,960
6,100
7,000
4,470
Total cost of merchandise purchases
58,000
37,000
6,800
Merchandise inventory (ending)
(2,100)
(8,700)
(6,000)
Cost of goods sold
33.390
17,000
7,800
5,900
10,070
15,970 $ (4,170) $ 42,500
Gross profit
47,600
Expenses
22,000
11. 530
5,100
6,600
Net income (loss)
24
Prev
1 of 11
Next >
SAMSUNG
女
2#
%24
%
&
@
7
8
9.
4.
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