1. Supply the missing income statement amounts for each of the following companies for the year ended...

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1. Supply the missing income statement amounts for each of the following companies for the year ended December 31, 2014:

Cost of Goods Sold (a) Ending Inventory Beginning Net Purchases Gross Net Sales $46,500 (b) 50,000 51,200 Margin $18,500

2. Prepare the income statement for Dolan Co., which uses the periodic inventory system. Dolan's operating expenses for the year were $9,700.

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Accounting Volume 1

ISBN: 978-0132690096

9th Canadian edition

Authors: Charles T. Horngren, Walter T. Harrison, Jo Ann L. Johnston, Carol A. Meissner, Peter R. Norwood

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Question Posted: Sep 16, 2017 07:57 AM

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1. Supply the missing income statement amounts for each of the following companies for the year ended...

Question:

Cost of Goods Sold (a) Ending Inventory Beginning Net Purchases Gross Net Sales $46,500 (b) 50,000 51,200 Margin $18,500 26,300 (e) 23,700 Company Inventory $ 5,300 Arc Co. Bell Co. $31,400 46,500 27,900 (f) $ 8,700 (c) 11,300 4,100 13,700 (d) $50,000 28,700 Court Co. 6,400 Dolan Co. (g)

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1 a 28000 46500 18500 or 5300 31400 8700 b 76300 50000 263...View the full answer

Accounting Volume 1

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