Question

In: Accounting

Fill in the blanks (a) through (g) for the Hendricks Company for each of the income statements for 2009, 2010 and 2011.

Fill in the blanks (a) through (g) for the Hendricks Company for each of the income statements for 2009, 2010 and 2011.

Hendricks Company
Income Statements
For the years ended December 31

200920102011
Sales$7,500$10,000(f)
Cost of goods sold


Merchandise inventory (beginning)(a)375750
Total cost of merchandise purchases2,4003,6254,875
Merchandising inventory (ending)(b)750625
Cost of goods sold2,770(d)5,000
Gross profit(c)6,7505,200
Operating expenses3,7503,750(g)
Net income$980(e)$2,500

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Expert Solution

ekkarill92 answered 3 years ago
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