Question
June costs of goods sold is $11,750 Ending inventory on June 30 is $7,350 There was a $4,200 beginning balance in the Accounts Payable account
June costs of goods sold is $11,750
Ending inventory on June 30 is $7,350
There was a $4,200 beginning balance in the Accounts Payable account on June 1
Suppliers were paid $13,500 during the month of June
Wilson earned $15,700 of revenue on sales of the fertilizer bags. $5,500 of the revenue related to cash sales and rest were credit sales.
FILL IN THE BLANKS
Statement of Cash flows:
____________ ________
____________ ________
net change in cash flow ______
Income Statement:
___________ ______
___________ ______
Net income ______
Balance Sheet:
ASSETS
__________ ______
__________ _______
__________ _______
change in assets ______
LIABILITIES + EQUITY
_________ _____
_________ _____
_________ _____
Change in Liabilities +equity _______
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