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.) Net sales revenue Beginning inventory Purchases Goods available for sale Ending inventory Cost of goods sold Gross profit Expenses Pretax income (loss) S Case A $ 11,150 4,840 6,070 10.230 $ 7,530 (4,160) 3,370 330 1,440 $ Case B 6,510 11 15,050 10,900 $ 7.530 1,380 (420) $ Case C 3,830 9,450 13,280 6,070 4,490 660 920

Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter5: Accounting For Retail Businesses
Section: Chapter Questions
Problem 40E: Identify items missing in determining cost of goods sold For (a) through (e), identify the items...
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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.)
Net sales revenue
Beginning inventory
Purchases
Goods available for sale
Ending inventory
Cost of goods sold
Gross profit
Expenses
Pretax income (loss)
S
Case A
11.150
4,840
6,070
10,230
$
7,530
(4,160)
3,370
330
1,440
$
Case B
6,510
11
15,050
10,900
$ 7.530
1,380
(420)
S
Case C
$
3,830
9,450
13,280
$
6,070
4,490
660
920
Transcribed Image Text: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.) Net sales revenue Beginning inventory Purchases Goods available for sale Ending inventory Cost of goods sold Gross profit Expenses Pretax income (loss) S Case A 11.150 4,840 6,070 10,230 $ 7,530 (4,160) 3,370 330 1,440 $ Case B 6,510 11 15,050 10,900 $ 7.530 1,380 (420) S Case C $ 3,830 9,450 13,280 $ 6,070 4,490 660 920
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