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Question: 15 Financial information is presented below: Operating Expenses 180,000 Sales Returns and Allowances 30,000 Sales Discounts 20,000 Sales Revenue 750,000 Cost of Goods Sold
Question: 15 Financial information is presented below: Operating Expenses 180,000 Sales Returns and Allowances 30,000 Sales Discounts 20,000 Sales Revenue 750,000 Cost of Goods Sold 300.000 The amount of net sales on the income statement would be x 700000 800000 X X 400000 X 520000 13906 Question: 16 During 2014. Yoder Enterprises generated revenues of 5100,000 The company's expenses were as follows: cost of goods sold of 560,000, aperating expenses of 524,000 and a loss an the sale of equipment of $4,000.Yoder's gross profit is X $ 100 000 * 540,000 X $16.000 X 512000 Question: 14 During February 2014, its first month of operations, the owner of Ron Enterprises invested cash of $60,000. Alona had cash revenues of $20,000 and paid expenses of 510.000 Assuming no other transactions impacted the cash account what is the balance in Cashon February 2B? 570 000 credit x $90.000 debit x X $90,000 credit X 570.000 debit On September 1, 2014, Cram Co. reported equity of $70,000. During the month Cram generated revenues of 530,000, incurred expenses of $22.000, purchased equipment for $5,500, and paid dividends of $3,000. What is the amount of equity on September 30, 2017 75000 X 80500 X 81000 X 69500
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