Financial information is presented below for three different companies. Instructions Determine the missing amounts. Hardy Yee Wang
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Financial information is presented below for three different companies.
InstructionsDetermine the missing amounts.
Transcribed Image Text:
Hardy Yee Wang Cosmetics Wholesalers Grocery $ (e) 5,000 95,000 (f) 38,000 (g) $122,000 Sales revenue $90,000 (a) 86,000 56,000 Sales returns and allowances 12,000 Net sales (i) Cost of goods sold Gross profit Operating expenses Income from operations Other expenses and losses (j) 24,000 18,000 (k) (b) 15,000 (c) (h) 7,000 11,000 4,000 (1) Net income (d) 5,000
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Missing amount a Sales revenue 90000 Sales returns and allowances 4000 Net sales 86000 90000 86000 4...View the full answer
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Related Book For
College Accounting
ISBN: 1986
1st Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Deanna C. Martin, Jill E. Mitchell
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