Sales Goods Sold Net Ending Profit Beg Inventory Purchases Inventory Net Sales returns Sales (Loss) 5,000 80,000 24,000 130,000 38,000 2 126,000 6,000 48,000 145,000 46,500 3. 7,200 264,800 167,000 62,800 186,200 4 345,000 8,600 114,000 141,000 179,000 5 468,000 458,800 155,000 270,000 228,000 6. 12,300 196,000 179,500 431,700 95,000 7. 15,100 666,900 390,000 112,100 363,900
Sales Goods Sold Net Ending Profit Beg Inventory Purchases Inventory Net Sales returns Sales (Loss) 5,000 80,000 24,000 130,000 38,000 2 126,000 6,000 48,000 145,000 46,500 3. 7,200 264,800 167,000 62,800 186,200 4 345,000 8,600 114,000 141,000 179,000 5 468,000 458,800 155,000 270,000 228,000 6. 12,300 196,000 179,500 431,700 95,000 7. 15,100 666,900 390,000 112,100 363,900
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Answer only 1 and 4
![Sales
Goods
Sold
Net
Ending
Profit
Beg
Inventory Purchases Inventory
Net
Sales
returns
Sales
(Loss)
5,000
80,000
24,000
130,000
38,000
2 126,000
6,000
48,000
145,000
46,500
3.
7,200 264,800
167,000
62,800 186,200
4 345,000
8,600
114,000
141,000 179,000
5 468,000
458,800
155,000
270,000
228,000
6.
12,300
196,000
179,500 431,700
95,000
7.
15,100 666,900
390,000
112,100 363,900](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F31b0e17f-c67e-459f-a7e0-7f902981f40a%2Ff21fe186-f45b-4289-b8be-29d60c69f8d7%2F5p7azac_processed.png&w=3840&q=75)
Transcribed Image Text:Sales
Goods
Sold
Net
Ending
Profit
Beg
Inventory Purchases Inventory
Net
Sales
returns
Sales
(Loss)
5,000
80,000
24,000
130,000
38,000
2 126,000
6,000
48,000
145,000
46,500
3.
7,200 264,800
167,000
62,800 186,200
4 345,000
8,600
114,000
141,000 179,000
5 468,000
458,800
155,000
270,000
228,000
6.
12,300
196,000
179,500 431,700
95,000
7.
15,100 666,900
390,000
112,100 363,900
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