Given the following income statement information for Dundee Corporation, determine the missing amounts. Sales..$30,000 Beginning Inventory...???? Purchases...9,600 Purchases Discounts.....150 Purchases Returns & Allowances???? Net Purchases............9,200
Given the following income statement information for Dundee Corporation, determine the missing amounts.
Sales………………………………………………………..$30,000
Beginning Inventory…………………………………………...????
Purchases……………………………………………………...9,600
Purchases Discounts………………………………………….....150
Purchases Returns & Allowances………………………………????
Net Purchases…………………………………………............9,200
Transportation-In…………………………………………..........400
Goods Available for Sale……………………………………12,600
Ending Inventory…………………………………………......?????
Cost of Goods Sold…………………………………………..11,100
Gross Profit…………………………………………................?????
Operating Expenses…………………………………………....????
Net Income…………………………………………..........$12,800
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Financial Accounting
Authors: Warren, Reeve, Duchac
12th Edition
1133952410, 9781133952411, 978-1133952428
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