Supply the missing dollar amounts for the 2017 statement of earnings of Kwan Company for each of
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Supply the missing dollar amounts for the 2017 statement of earnings of Kwan Company for each of the following independent cases:
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Case B Case A Case C Sales revenue Sales returns and allowances Net sales revenue Beginning inventory $ 8,000 $ 6,000 150 275 5,920 11,000 6,500 4,000 5,000 Purchases 9,420 Transportation-in Purchase returns Cost of goods available for sale Ending inventory Cost of sales Gross profit Expenses (operating) Pretax earnings (loss) 120 170 350 600 14,790 13,370 10,000 10,740 5,400 1,450 520 1,300 $ (500) 2$ 800
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Sales revenue Sales returns and allowances Net sales revenue Beginning inventory Purchases ...View the full answer
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Related Book For
Financial Accounting
ISBN: 978-1259105692
6th Canadian edition
Authors: Robert Libby, Patricia Libby, Daniel G Short, George Kanaan, Maureen Sterling
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