Fill in the blanks in the following separate income statement through a identify any negative amount by
Question:
Fill in the blanks in the following separate income statement through a identify any negative amount by putting it in parentheses
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Particulars 60.000! S 42,500| S 36,000| S 45,600 S 23,600 Sales Cost of Goods Sold Merchandise Inventory (beginning) Total Cost of Merchandise Purchase Merchandise Inventory (ending) Cost of Goods Sold S 6,000 17,050 7,500 7,000 S 2,560 S 36,000 ? S 34,050 15,900 S 9,000 S 10,650 s 32,000|$ 5,600 2,700 | S 9,000 | S 6,600 5.600 Gross Profit S 3,750 S 45,600 Expenses 12,150 S 2,600 S 6,000 Net Income (loss) S 15,950 S (8,400)| S 43.
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Related Book For
Fundamental Accounting Principles
ISBN: 978-0078110870
20th Edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
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