Question: Financial information is presented here for two entities: Bright Ltd Dull Ltd Sales $180,890 ? Sales returns ? $9,250 Net sales 164,490 187,800 Cost of
Financial information is presented here for two entities:
| Bright Ltd | Dull Ltd | |||
| Sales | $180,890 | ? | ||
| Sales returns | ? | $9,250 | ||
| Net sales | 164,490 | 187,800 | ||
| Cost of sales | 112,540 | ? | ||
| Gross profit | ? | 70,800 | ||
| Operating expenses | 28,470 | ? | ||
| Profit | ? | 24,220 |
(a)
Fill in the missing amounts. (Enter negative amounts using either a negative sign preceding the number e.g. -15,000 or parentheses e.g. (15,000).)
| Bright Ltd & Dull Ltd | ||||
| Bright Ltd | Dull Ltd | |||
| Sales | $180,890 | $ | ||
| Sales returns | (9,250) | |||
| Net sales | $164,490 | $187,800 | ||
| Net sales | $164,490 | $187,800 | ||
| Cost of sales | (112,540) | |||
| Gross profit | $ | $70,800 | ||
| Gross profit | $ | $70,800 | ||
| Operating expenses | (28,470) | |||
| Profit | $ | $24,220 | ||
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