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 65,000 $ 8,500 37,000 33,670 17,000 $ b 45,900 $ 53,000 16,440 2,400 18,000 C 10,250 17,650 $ 5,200 8,200 13,650 12,600 1,050 $ d 7,400 43,000 5,700 42,900 5,500 37,400 $ e 25,600 4,590 5,600 6,100 8,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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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)
SA
a
65,000 $ 45,900 $
8,500
37,000
33,670
17,000
b
$
16,440
2,400
18,000
10,250
17,650 $
53,000
5,200
8,200
13,650
12,600
1,050 $
d
7,400
43,000
5,700
42,900
5,500
37,400
e
25,600
4,590
5,600
6,100
8,000
Check my
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) SA a 65,000 $ 45,900 $ 8,500 37,000 33,670 17,000 b $ 16,440 2,400 18,000 10,250 17,650 $ 53,000 5,200 8,200 13,650 12,600 1,050 $ d 7,400 43,000 5,700 42,900 5,500 37,400 e 25,600 4,590 5,600 6,100 8,000 Check my
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