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 $ 8,000 59,000 33,720 22,000 $ b 43,600 $ 16,950 2,500 17,000 10,420 16,180 $ 56,000 6,500 8,100 13,050 12,300 750 $ d 7,400 29,000 7,100 48,200 4,400 43,800 S e 25,500 4,550 5,200 7,600 6,800

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 $ 8,000 59,000 33,720 22,000 $ b 43,600 $ 16,950 2,500 17,000 10,420 16,180 $ 56,000 6,500 8,100 13,050 12,300 750 $ d 7,400 29,000 7,100 48,200 4,400 43,800 S e 25,500 4,550 5,200 7,600 6,800

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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