Question: Using your accounting knowledge, find the missing amounts in the following separate income statements. d a 71,000 b 44,000 c 37,000 Sales $ $ $

Using your accounting knowledge, find the missing amounts in the following separate income statements. d a 71,000 b 44,000 c 37,000 Sales $ $ $ $ 26,900 Cost of goods sold Merchandise inventory, beginning / 16,970 5 ,100 8,600 58,000 7,100 25,000 5,900 4,320 5,800 Total cost of merchandise purchases Merchandise inventory, ending 8,700 2,600 16,000 Cost of goods sold 33,650 7,700 Gross profit Expenses Net income (loss) 29,000 | $ 5,900 10,620 (4,720) $ 11,690 16,310 6,900 42,800 3,600 39,200 $
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
