Question: Using your accounting knowledge, fill in the blanks in the following separate income statements a through e. Identify any negative amount by putting it inparentheses.

Using your accounting knowledge, fill in the blanks in the following separate income statements a through e. Identify any negative amount by putting it inparentheses.

Sales Cost of goods sold .. . $62,000 $43,500 $46,000 $? $25,600 8,000 17,050 7,500 8,000 4,560 32,000 6,600 Merchandise inventory (beginning) Total cost of merchandise purchases . . 38,000 Merchandise inventory (ending) Cost of goods sold.... (3,000 (9,000) (6,600 7,000 Gross profit 3,750 45,600 Net income (loss).. $$16850 $(8,400) $42000 $

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a b c d e Sales 62000 43500 46000 79000 25600 Cost of goods sold Merch inv beg 8000 17050 7500 8000 ... View full answer

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