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Hello dear support, Please i need a solution to this assignment. Using your accounting knowledge, fill in the missing blank (1 thru 8) for Company
Hello dear support, Please i need a solution to this assignment.
Using your accounting knowledge, fill in the missing blank (1 thru 8) for Company X, Company Y and Company Z. Indicate negative amounts with parenthesis. Company X Company Y Company Z $16,000 $48,000 (6) Inventory (beginning) $16,000 (4) $22,000 Purchases of merchandise (1) $19,000 $30,000 Inventory (ending) $24,000 $17,000 (7) Cost of Goods sold $32,000 $22,000 $24,000 Gross Profit (2) $26,000 $29,000 Expenses $12,000 $15,000 (8) Net Income (loss) (3) (5) $7,000 Sales Cost of Good SoldStep by Step Solution
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