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Business
Accounting
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) b $ 63,000 $ 43,600 $ 41,000 7,500 33.000 33,450 12,000 16,290 ACESS C 5.200 (2.700) (8,300) 17.000 7,700 33,000 (7.400) 5,600 46,100 11.630 11,270 4,800 $ 14,970 $ (5,670) $ 41,300 $ 24,500 4,400 6,800 6,400 7,800

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) b $ 63,000 $ 43,600 $ 41,000 7,500 33.000 33,450 12,000 16,290 ACESS C 5.200 (2.700) (8,300) 17.000 7,700 33,000 (7.400) 5,600 46,100 11.630 11,270 4,800 $ 14,970 $ (5,670) $ 41,300 $ 24,500 4,400 6,800 6,400 7,800

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. (Amounts to be deducted should be indicated by a minus sign.) 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 b C $ 63,000 $ 43,600 $ 41,000 7,500 33,000 33,450 12,000 16,290 5,200 (2.700) (8,300) 17.000 7,700 33,000 (7,400) 5,600 46,100 11,630 11,270 4,800 $ 14,970 $ (5,670) $ 41,300 0 $ 24,500 4,400 6,800 6,400 7,800
Transcribed Image Text:Fill in the blanks in the following separate income statements a through e. (Amounts to be deducted should be indicated by a minus sign.) 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 b C $ 63,000 $ 43,600 $ 41,000 7,500 33,000 33,450 12,000 16,290 5,200 (2.700) (8,300) 17.000 7,700 33,000 (7,400) 5,600 46,100 11,630 11,270 4,800 $ 14,970 $ (5,670) $ 41,300 0 $ 24,500 4,400 6,800 6,400 7,800
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