Calculate the missing amounts, and place your answers in the spaces provided Sales Sales Returns and Allowances

Calculate the missing amounts, and place your answers in the spaces provided

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Sales Sales Returns and Allowances Sales Discounts Net Sales Beginning Inventory Purchases Purchase Returns and Allowances Purchase Discounts Freight-in Net Purchased Goods Available for Sale h Ending Inventory Cost of Goods Sold Gross Margin Operating Expenses Net Income SHOW YOUR WORK. $95,000 5,000 80,000 72,000 ? 7,000 2,000 8,000 65,000 ? ?--- 60,000 20,000 ? $5,000 ?----- -- Sales Sales Returns and Allowances Sales Discounts Net Sales Beginning Inventory Purchases Purchase Returns and Allowances Purchase Discounts Freight-in Net Purchased Goods Available for Sale h Ending Inventory Cost of Goods Sold Gross Margin Operating Expenses Net Income SHOW YOUR WORK. $95,000 5,000 80,000 72,000 ? 7,000 2,000 8,000 65,000 ? ?--- 60,000 20,000 ? $5,000 ?----- --

Answer rating: 100% (QA)

Sales 95000 Less Net sales 80000 Less Sales discounts 5000 Sales returns and allowances 10000 Net ... View the full answer