inferring missing amounts based on income statement relationships

Project Description:

e7-2 pages 366 financial accounting 7th ed.

supply the missing dollar amounts for the income statement for each of the following independent cases. (hint: in case b, work from bottom up.)

case a case b case c
net sales revenue $7,500 $? $6,000
beginning inventory $11,200 $6,500 $4,000
purchases $5,000 $_________ $9.500
goods available for sale $? $15,050 $13,500
ending inventory $10,200 $11,050 $________

cost of goods sold $? $? $4,500
gross profit $? $1,500 $?
expenses $400 $? $700
pretax income $1,100 $(400) $800
Skills Required:
Project Stats:

Price Type: Negotiable

Completed
Total Proposals: 5
1 Current viewersl
8 Total views
Project posted by:

Proposals

Proposals Reputation Price offered
  • 4.8
    546 Jobs 386 Reviews
    $8 in 0 Day
  • 4.4
    31 Jobs 22 Reviews
    $40 in 0 Day