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Consider the following partialy completed income statements for merchandising companies and compute the missing amounts: Click thhe con to view the Income Statements.) Lee Supply
Consider the following partialy completed income statements for merchandising companies and compute the missing amounts: Click thhe con to view the Income Statements.) Lee Supply Snyder Corp. Net Sales Revenue 102.000 Cost of Goods Soid Data Table Beginning Merdhandise Inventory S 31.000 Purchases and Freight in 47,000 Cost of Goods Avalable for Sale Ending Merchandise Inventory Lee Supply Snyder Corp. 90,000 Net Sales Revenue 102.000 5 (d (2,300) (2,300) Cost of Goods Sold Cost of Goods Soid 59.000 Gross Prof Boginning Merchandise Inventory 43.000 31,000 110,000 a Selling and Admnive Expenses 47.000 Purchases and Freight In (el 87,000 11.000 Cost of Goods Available for Sale Openating income (b) 90.000 (2.300) (2.300) Ending Merchandise Inventory Cost of Goods Sold 59,000 Gross Profit 43,000 110.000 Selling and Administrative Expenses 87000 (c) 11,000 Operating Income Print Done
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