E7-2 (Algo) Inferring Missing Amounts Based on Income Statement Relationships LO7-1 Enter the...
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Accounting
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 A Case B Case C Net sales revenue $ 7,700 6,100 Beginning inventory $ 6,680 $ 11,030 5,000 Purchases 3,880 9,340 13,220 Goods available for sale 15,110 10,990 10,360 4,410 Ending inventory Cost of goods sold Gross profit Expenses Pretax income (loss) 1,480 290 590 $ 1,740 $ (570) $ 1,100
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