In: Accounting
Fill in the blanks in the following separate income statementsa through e. (Amounts to be deducted should be indicated by a minus sign.)
a | b | c | d | e | |
Sales | $72,000 | $44,500 | $36,000 | $25,200 | |
Cost of goods sold | |||||
Merchandise inventory (beginning) | 7,500 | 16,960 | 6,100 | 7,000 | 4,470 |
Total cost of merchandise purchases | 58,000 | 37,000 | 6,800 | ||
Merchandise inventory (ending) | (2,100) | (8,700) | (6,000) | ||
Cost of goods sold | 33,390 | 17,000 | 7,800 | ||
Gross profit | 5,900 | 47,600 | |||
Expenses | 22,000 | 11,530 | 10,070 | 5,100 | 6,600 |
Net income (loss) | $15,970 | $(4,170) | $42,500 |
Answer.
a | b | c | d | e | |
Sales | $72,000 | $44,500 | $36,000 | $85,600 | $25,200 |
Cost of goods sold | |||||
Merchandise inventory (beginning) | $7,500 | $16,960 | $6,100 | $7,000 | $4,470 |
Total cost of merchandise Purchase | $58,000 | $2,140 | $32,700 | $37,000 | $6,800 |
Merchandise Inventory (ending) | ($32,110) | ($2,100) | ($8,700) | ($6,000) | ($3,470) |
Cost of goods sold | $33,390 | $17,000 | $30,100 | $38,000 | $7,800 |
Gross profit | $38,610 | $27,500 | $5,900 | $47,600 | $17,400 |
Expenses | $22,000 | $11,530 | $10,070 | $5,100 | $6,600 |
Net income (loss) | $16,610 | $15,970 | ($4,170) | $42,500 | $10,800 |