Case A | Case B | Case C | ||||
Net Sales revenue | $ 7,670 | $ 5,550 | $ 6,160 | |||
Beginning Inventory | $ 11,040 | $ 6,540 | $ 3,960 | |||
Purchases | $ 4,990 | $ 8,580 | $ 9,340 | |||
Good available for sale | $ 16,030 | $ 15,120 | $ 13,300 | |||
Ending Inventory | $ 10,340 | $ 10,910 | $ 8,950 | |||
Cost of goods sold | $ 5,690 | $ 4,210 | $ 4,350 | |||
Gross profit | $ 1,980 | $ 1,340 | $ 1,810 | |||
Expenses | $ 360 | $ 1,780 | $ 620 | |||
Pretax Income (loss) | $ 1,620 | $ -440 | $ 1,190 |
Event | Asset | = | Liabilities | + | Stockholder's Equity | |||
a. | Account receivables | $ 840 | Sales revenue | $ 840 | ||||
Inventory | $ -470 | Cost of goods sold | $ -470 | |||||
b. | Cash | $ 55,000 | Common Stock | $ 4,000 | ||||
Additional paid - in - capital | $ 51,000 |
1. 2. Enter the missing dollar amounts for the income statement for each of the following...
Supply the missing dollar amounts for each of the following independent cases. Cases Sales Revenue Beginning Inventory Purchases Cost of Goods Available for Sale Cost of Goods Sold Cost of Ending Inventory Gross Profit A $1,150 $550 $1,250 $1,800 $840 $960 B 1,350 650 1,250 1,900 640 C 550 650 750 850 D 1,340 1,050 1,100 700 E 1,450 500 1,350 1,850 1,040 +
Supply the missing dollar amounts for the current year income statement of NexTech Company for each of the following independent cases. (Input all amounts as positive values.) Case C $ 510 Case Case A Case B $ 990 $ 840 545300 Case E 650 445 120 Sales revenue Cost of goods sold Gross margin Selling expense Administrative expense Pretax income Income tax expense Net income 120 1057 210 230 40 155
QUESTION 1:
QUESTION 2:
Enter the missing dollar amounts for the income statement for each of the following independent cases Gross Profit Pretax Income Loss Cost of Ending Inventory Goods Sold Total Expenses Sales Revenue Beginning Purchases Available Inventory Cases 130 110 100 200 600 650 S 1,040 200 $ 110 110 700 940 180 210 320 300 100 570 200 820 1,000 440 (60) 760 960 Hints eBook & Resources References The records at the end of January of...
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E7-2 (Algo) Inferring Missing Amounts Based on Income Statement Relationships LO7-1 Enter the missing dollar amounts for the income statement for each of the following independent cases. (Hint: In Case B, work from the bottom up.) Case B 7,510 6,110 | $ $ 6,530 | $ Case A $ 11,160 4,920 16,080 10,230 Case C $ 3,970 9,310 13,280 Net sales revenue Beginning inventory Purchases Goods available for sale Ending inventory Cost of goods sold Gross profit...