Homework Answers
Answer :
By using income statement approach :
| a | b | c | d | e | |
| Sales | $62,000 | $44,300 | $55,000 | $73,300 | $27,000 |
| Cost of goods sold | |||||
| Merchandise inventory (beginning) | $7,100 | $16,440 | $5,800 | $7,200 | $4,510 |
| Total cost of merchandise purchase | $36,000 | $3,360 | 54,800 | $30,000 | $5,700 |
| Merchandise inventory (ending) | ($9,490) | ($2,800) | ($8,600) | ($5,400) | ($3,810) |
| Cost of goods sold | $33,610 | $17,000 | $52,000 | $31,800 | $6,400 |
| Gross profit | $28,390 | $27,300 | $3,000 | $41,500 | $20,600 |
| Expenses | $24,000 | $10,320 | $11,170 | $4,600 | $7,200 |
| Net income (loss) | $4,390 | $16,980 | ($8,170) | $36,900 | $13,400 |
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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. 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
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. (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 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 (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. (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.) $ 64,000 $ 43,800 $ 46,000 $ 25,700 16.990 7.000 4.410 7,500 50,000 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) 7.300 36,000 (6.400) 5.700 (8,100)| (2.200) 18,000 33,290 7900 20,000 11,130 14,670 3,700 11,630 $ (7.930) 41.400...
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)...
mework Exercise 5-1 Computing revenues, expenses, and income LO C1, C2 Fill in the blanks in...
mework Exercise 5-1 Computing revenues, expenses, and income LO C1, C2 Fill in the blanks in the following separate income statements a through e (Amounts to be deducted should be indicated by a minus sign.) $ 62,000 $ 44,300 $ 40,000 $ 24,900 16,550 5,300 8,600 37,000 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) 7,300 33,000 (5,200) 4,460 5,500 (8,700) (2,800)...
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...
Exercise 4-1 Computing revenues, expenses, and income LO C1, C2 Fill in the blanks in the...
Exercise 4-1 Computing revenues, expenses, and income LO C1, C2 Fill in the blanks in the following separate income statements a through e. (Amounts to be deducted should be indicated by a minus sign.) $ 65,000 $ 45,900 $ 53,000 $ 25,600 16,440 5,200 7 8,500 37,000 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) ,400 43,000 (5,700) 4,590 5,600 (8,200) (2,400)...
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
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. (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. 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 (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. (Amounts to be deducted should be indicated by a minus sign.) $ 64,000 $ 43,800 $ 46,000 $ 25,700 16.990 7.000 4.410 7,500 50,000 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) 7.300 36,000 (6.400) 5.700 (8,100)| (2.200) 18,000 33,290 7900 20,000 11,130 14,670 3,700 11,630 $ (7.930) 41.400...
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)...
mework Exercise 5-1 Computing revenues, expenses, and income LO C1, C2 Fill in the blanks in the following separate income statements a through e (Amounts to be deducted should be indicated by a minus sign.) $ 62,000 $ 44,300 $ 40,000 $ 24,900 16,550 5,300 8,600 37,000 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) 7,300 33,000 (5,200) 4,460 5,500 (8,700) (2,800)...
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...
Exercise 4-1 Computing revenues, expenses, and income LO C1, C2 Fill in the blanks in the following separate income statements a through e. (Amounts to be deducted should be indicated by a minus sign.) $ 65,000 $ 45,900 $ 53,000 $ 25,600 16,440 5,200 7 8,500 37,000 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) ,400 43,000 (5,700) 4,590 5,600 (8,200) (2,400)...
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