Homework Answers
| a | b | c | d | e | |
| Sales = COGS + GP | $ 64,000.00 | $ 43,800.00 | $ 46,000.00 | $ 78,300.00 | $ 25,700.00 |
| Cost of goods sold | |||||
| Merchandise inventory (beginning) | $ 7,500.00 | $ 16,990.00 | $ 7,000.00 | $ 7,300.00 | $ 4,410.00 |
| Total cost of merchandise purchases | $ 50,000.00 | $ 3,210.00 | $ 43,400.00 | $ 36,000.00 | $ 5,700.00 |
| Merchandise inventory (ending) | $ (24,210.00) | $ (2,200.00) | $ (8,100.00) | $ (6,400.00) | $ (2,210.00) |
| Cost of goods sold (Beg. Inv + purchases - End. Inv. | $ 33,290.00 | $ 18,000.00 | $ 42,300.00 | $ 36,900.00 | $ 7,900.00 |
| Gross profit (Sales - COGS) | $ 30,710.00 | $ 25,800.00 | $ 3,700.00 | $ 41,400.00 | $ 17,800.00 |
| Expenses | $ 20,000.00 | $ 11,130.00 | $ 11,630.00 | $ 5,900.00 | $ 7,000.00 |
| Net income (loss) (GP - Expenses) | $ 10,710.00 | $ 14,670.00 | $ (7,930.00) | $ 35,500.00 | $ 10,800.00 |
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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...
Fill in the blanks in the following separate income statements a through e. (Amounts to be deducted should be indicated by a minus sign.) - d a $ 64,000 b $ 44,800 c 39,000 e $ 24,200 Sales $ 16,720 5,800 7,300 32,000 7,300 33,000 (7,600) | 4,480 6,700 ses (8,900)| Cost of goods sold | Merchandise inventory (beginning) Total cost of merchandise purchases Merchandise inventory (ending) Cost of goods sold Gross profit Expenses Net income (loss) (2,800)| 17,000 33,630...
Fill in the blanks in the following separate income statements athrough e.Fill in the...
Fill in the blanks in the following separate income statements a
through e.Fill in the blanks in the following separate income statements a through e. (Amounts to be deducted should be indicated by a minus sign.) $ 64,000 $ 44,800 $ 39,000 $ 24,200 Cost of goods sold 16,720 4.480 7,300 32,000 5,800 . (8,900) 7,300 33,000 (7.600) 6.700 Merchandise inventory (beginning) Total cost of merchandise purchases Merchandise inventory (ending) Cost of goods sold Gross profit Expenses Net income (loss) (2,800)...
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 с d е Sales $ 62,000 $ 44,300 $ 55,000 $ 27,000 7,100 16,440 5,800 7,200 4,510 5,700 36,000 Cost of goods sold Merchandise inventory (beginning) Total cost of merchandise purchases Merchandise inventory (ending) Cost of goods sold Gross profit Expenses Net income (loss) 33,610 6,400 30,000 (2,800) (8,600) (5,400) 17,000 3,000 41,500 10,320...
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.) b 43,500 e 25,600 $ 62,000 $ $ 46,000 $ 17,050 7,500 8,000 38,000 Sales Cost of goods sold Merchandise inventory (beginning) Total cost of merchandise purchases Merchandise inventory (ending) Cost of goods sold Gross profit Expenses Net income (loss) 8,000 32,000 (6,600) | 4,560 6,600 (9.000) (3.000) 16,000 34,050 7,000 10,000 3.750 12,150 (8.400) 10,650...
Fill in the blanks in the following separate income statements a through e. a b с...
Fill in the blanks in the following separate income statements a through e. a b с d e Sales $ 71,000 $ 44,300 $ 49,000 $ 24,400 7,200 16,800 5,500 7,900 4,400 31,000 6,300 44,000 5,200 8,300 Cost of goods sold Merchandise inventory beginning Total cost of merchandise purchases Merchandise inventory ending Cost of goods sold Gross profit Expenses Net income (loss) 2,600 17,000 33,000 7,700 19,000 14,650 44,900 13,100 4,000 1,550 $ 40,900 10,000 $ 17,300 $ 7,000
Fill in the blanks in the following separate income statements a through e. a b с...
Fill in the blanks in the following separate income statements a through e. a b с d e Sales $ 71,000 $ 44,000 $ 37,000 $ 26,900 8,600 16,970 5,100 4,320 58,000 7,100 25,000 5,900 5,800 2,600 8,700 Cost of goods sold Merchandise inventory beginning Total cost of merchandise purchases Merchandise inventory ending Cost of goods sold Gross profit Expenses Net income (loss) 33,650 16,000 7,700 14,250 29,000 11,690 $ 16,310 $ 6,900 42,800 3,600 $ 39,200 12,900 1,350
Fill in the blanks in the following separate income statements a through e. a с d...
Fill in the blanks in the following separate income statements a through e. a с d e b $ 68,000 $ 44,300 $ 54,000 $ 25,800 16,860 6,600 7,800 36,000 Sales Cost of goods sold Merchandise inventory beginning Total cost of merchandise purchases Merchandise inventory ending Cost of goods sold Gross profit Expenses Net income (loss) 4,450 5,700 8,000 29,000 6,800 8,800 2,100 16,000 33,480 6,700 25,000 14,050 42,800 12,800 3,300 1,250 $ 39,500 11,290 $ 17,010 $ 7,100
4 i Saved Help Save Fun the banks in the following separate income statements a through...
4 i Saved Help Save Fun the banks in the following separate income statements a through e. Amounts to be deducted should by a minus sign.) d $ 68,000 b $ 43,600 $ c 56,000 e 25,500 los 16,950 6,500 8,000 59,000 Sales Cost of goods sold Merchandise inventory (beginning) Total cost of merchandise purchases Merchandise inventory (ending) Cost of goods sold Gross profit Expenses Net income (loss) 7,400 29,000 (7.100) 4,550 5,200 (2,500) 17,000 (8,100) 33.720 7,600 22,000 3,200...
Thank you to anyone who helps Fill in the blanks in the following separate income statements...
Thank you to anyone who helps
Fill in the blanks in the following separate income statements a through e. (Amounts to be deducted should be indicated by a minus sign.) d - a $ 66,000 b $ 44,600 c 47,000 e $ 25,300 Sales $ 16,990 5,900 Cost of goods sold Merchandise inventory (beginning) Total cost of merchandise purchases Merchandise inventory (ending) Cost of goods sold 8,900 39,000 7,900 41,000 (5,000) 4,330 5,000 (8,200) (2,900) 20,000 33,900 7,700 Gross profit...
Using your accounting knowledge, find the missing amounts in the following separate income statements a through...
Using your accounting knowledge, find the missing amounts in the following separate income statements a through e. (Amounts in parentheses do not require a minus sign in front of them. Input all amounts as positive values. Omit the "$" sign in your response.) 56,000 $ 39,648 $ 36,400 $ 22,008 Sales Cost of goods sold Merchandise inventory (beginning) Total cost of merchandise purchases Merchandise inventory (ending) 3,211 7,644 2,267 7,935 5,320 31,920 ) 6,698 30,610 (6,323) C (4,011) (9,144) Cost...
Fill in the blanks in the following separate income statements a through e. (Amounts to be deducted should be indicated by a minus sign.) - d a $ 64,000 b $ 44,800 c 39,000 e $ 24,200 Sales $ 16,720 5,800 7,300 32,000 7,300 33,000 (7,600) | 4,480 6,700 ses (8,900)| Cost of goods sold | Merchandise inventory (beginning) Total cost of merchandise purchases Merchandise inventory (ending) Cost of goods sold Gross profit Expenses Net income (loss) (2,800)| 17,000 33,630...
Fill in the blanks in the following separate income statements a
through e.Fill in the blanks in the following separate income statements a through e. (Amounts to be deducted should be indicated by a minus sign.) $ 64,000 $ 44,800 $ 39,000 $ 24,200 Cost of goods sold 16,720 4.480 7,300 32,000 5,800 . (8,900) 7,300 33,000 (7.600) 6.700 Merchandise inventory (beginning) Total cost of merchandise purchases Merchandise inventory (ending) Cost of goods sold Gross profit Expenses Net income (loss) (2,800)...
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 с d е Sales $ 62,000 $ 44,300 $ 55,000 $ 27,000 7,100 16,440 5,800 7,200 4,510 5,700 36,000 Cost of goods sold Merchandise inventory (beginning) Total cost of merchandise purchases Merchandise inventory (ending) Cost of goods sold Gross profit Expenses Net income (loss) 33,610 6,400 30,000 (2,800) (8,600) (5,400) 17,000 3,000 41,500 10,320...
Fill in the blanks in the following separate income statements a through e (Amounts to be deducted should be indicated by a minus sign.) b 43,500 e 25,600 $ 62,000 $ $ 46,000 $ 17,050 7,500 8,000 38,000 Sales Cost of goods sold Merchandise inventory (beginning) Total cost of merchandise purchases Merchandise inventory (ending) Cost of goods sold Gross profit Expenses Net income (loss) 8,000 32,000 (6,600) | 4,560 6,600 (9.000) (3.000) 16,000 34,050 7,000 10,000 3.750 12,150 (8.400) 10,650...
Fill in the blanks in the following separate income statements a through e. a b с d e Sales $ 71,000 $ 44,300 $ 49,000 $ 24,400 7,200 16,800 5,500 7,900 4,400 31,000 6,300 44,000 5,200 8,300 Cost of goods sold Merchandise inventory beginning Total cost of merchandise purchases Merchandise inventory ending Cost of goods sold Gross profit Expenses Net income (loss) 2,600 17,000 33,000 7,700 19,000 14,650 44,900 13,100 4,000 1,550 $ 40,900 10,000 $ 17,300 $ 7,000
Fill in the blanks in the following separate income statements a through e. a b с d e Sales $ 71,000 $ 44,000 $ 37,000 $ 26,900 8,600 16,970 5,100 4,320 58,000 7,100 25,000 5,900 5,800 2,600 8,700 Cost of goods sold Merchandise inventory beginning Total cost of merchandise purchases Merchandise inventory ending Cost of goods sold Gross profit Expenses Net income (loss) 33,650 16,000 7,700 14,250 29,000 11,690 $ 16,310 $ 6,900 42,800 3,600 $ 39,200 12,900 1,350
Fill in the blanks in the following separate income statements a through e. a с d e b $ 68,000 $ 44,300 $ 54,000 $ 25,800 16,860 6,600 7,800 36,000 Sales Cost of goods sold Merchandise inventory beginning Total cost of merchandise purchases Merchandise inventory ending Cost of goods sold Gross profit Expenses Net income (loss) 4,450 5,700 8,000 29,000 6,800 8,800 2,100 16,000 33,480 6,700 25,000 14,050 42,800 12,800 3,300 1,250 $ 39,500 11,290 $ 17,010 $ 7,100
4 i Saved Help Save Fun the banks in the following separate income statements a through e. Amounts to be deducted should by a minus sign.) d $ 68,000 b $ 43,600 $ c 56,000 e 25,500 los 16,950 6,500 8,000 59,000 Sales Cost of goods sold Merchandise inventory (beginning) Total cost of merchandise purchases Merchandise inventory (ending) Cost of goods sold Gross profit Expenses Net income (loss) 7,400 29,000 (7.100) 4,550 5,200 (2,500) 17,000 (8,100) 33.720 7,600 22,000 3,200...
Thank you to anyone who helps
Fill in the blanks in the following separate income statements a through e. (Amounts to be deducted should be indicated by a minus sign.) d - a $ 66,000 b $ 44,600 c 47,000 e $ 25,300 Sales $ 16,990 5,900 Cost of goods sold Merchandise inventory (beginning) Total cost of merchandise purchases Merchandise inventory (ending) Cost of goods sold 8,900 39,000 7,900 41,000 (5,000) 4,330 5,000 (8,200) (2,900) 20,000 33,900 7,700 Gross profit...
Using your accounting knowledge, find the missing amounts in the following separate income statements a through e. (Amounts in parentheses do not require a minus sign in front of them. Input all amounts as positive values. Omit the "$" sign in your response.) 56,000 $ 39,648 $ 36,400 $ 22,008 Sales Cost of goods sold Merchandise inventory (beginning) Total cost of merchandise purchases Merchandise inventory (ending) 3,211 7,644 2,267 7,935 5,320 31,920 ) 6,698 30,610 (6,323) C (4,011) (9,144) Cost...
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