Question: Using the data provided from the general ledger and supplementary records of Company Jack, compute for the missing amounts. Case A Case B Case C

Using the data provided from the general ledger and supplementary records of Company Jack, compute for the missing amounts.

Using the data provided from the general ledger and supplementary records of

Case A Case B Case C Sales 200,000 300,000 Beginning Inventory 50,000 50,000 Purchases 150,000 100,000 Freight-in 5,000 5,000 10,000 Purchase discount 2,000 2,000 5,000 Goods Available for Sale 253,000 1 10,000 Ending Inventory 53,000 75,000 Gross Profit 83,000 50,000 Operating Expenses 20,000 Net Operating Income (Loss) (27,000) 25,000

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