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Fill in the blanks in the following separate income statements a through e. (Amounts to be...

Fill in the blanks in the following separate income statements a through e. (Amounts to be deducted should be indicated by a minus sign.)

a b c d e
Sales $62,000 $44,700 $53,000 $26,700
Cost of goods sold
Merchandise inventory (beginning) 8,800 16,040 6,700 7,100 4,380
Total cost of merchandise purchases 31,000 44,000 6,400
Merchandise inventory (ending) (2,400) (8,000) (7,000)
Cost of goods sold 33,770 17,000 7,500
Gross profit 5,100 49,200
Expenses 10,000 10,590 11,630 4,800 7,800
Net income (loss) $17,110 $(6,530) $44,400

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a b c d e
Sales $62,000 $44,700 $53,000 $93,300 $26,700
Cost of goods sold
Merchandise inventory (beginning) 8,800 16,040 6,700 7,100 4,380
Total cost of merchandise purchases 31,000 3,360 49,200 44,000 6,400
Merchandise inventory (ending) -6,030 -2,400 -8,000 -7,000 -3,280
Cost of goods sold 33,770 17,000 $47,900 $44,100 7,500
Gross profit $28,230 $27,700 5,100 49,200 $19,200
Expenses 10,000 10,590 11,630 4,800 7,800
Net income (loss) $18,230 $17,110 ($6,530) $44,400 $11,400

jeff jeffy answered 2 years ago
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