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

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

Section: Chapter Questions

Problem 1Q

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1
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None
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