Question: how to fill in this blanks?! Exercise 5-1 (Algo) Computing revenues, expenses, and income LO C1 Fill in the blanks in the following separate income
Exercise 5-1 (Algo) Computing revenues, expenses, and income LO C1 Fill in the blanks in the following separate income statements a through e. d $ 71,000 $ 44,000 $ 37,000 26.900 16,970 5, 100 Sales Cost of goods sold Merchandise inventory, beginning Total cost of merchandise purchases Merchandise inventory, ending Cost of goods sold Gross profit Expenses Net Income (loss) 8,600 58,000 (24,350) 33,650 7.100 25,000 5,900 4,320 5,800 8,700 2,600 16,000 7.700 29,000 14,250 12,900 1,350 $ 11,690 16,310 $ 42,800 3,600 39,200 6.900
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
