Exercise 4-1 Computing revenues, expenses, and income LO C1, C2 Fill in the blanks in...
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Accounting
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.) a b d e Sales $ 64,000 $ 43,800 $ 46,000 $ 25,700 16,990 7,000 7,500 50,000 7,300 36,000 (6,400) 4,410 5,700 (8,100) 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) (2,200) 18,000 33,290 7,900 3,700 41,400 20,000 7,000 11,130 14,670 11,630 $ (7,930) 5,900 $ 35,500 $
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