Sledy engoyeule Wings on uning Year 1) Started the business by issuing $13,300 of common stock for cash 21 The company paid cash to purchase $8,000 of inventory 3) The company sold Inventory that cost $5.400 for $11.150 cash 4) Operating expenses incurred and paid during the year, $4.900 Sanchez Company engaged in the following transactions during Year 2 The company paid cash to purchase $11.600 of inventory 2) The company sold inventory that cost $9,600 for $17,750 cash 3) Operating expenses incurred and paid during the year, $5,900. Note: Sanchez uses the perpetual inventory system What is Sanchez's gross margin for Year 2? Multiple Choice $2.250 $6.150 $9.500 $8,150 8 13 19 Next > Required information The following formation apples to the questions atsplayed below Sanchez Company engaged in the following transactions during Year 1 Started the business by issuing 503,300 of common stock for cash 2) The company paid cash to purchase $8,000 of ventory 3 The company sold inventory that cost $5.400 for $11.150 cash A) Operating expenses incurred and paid during the year $4.900 Sanchez Company engaged in the flowing transactions during Year The company paid cash to purchase 511600 of inventory 2 The company sold inventory that cost 59,600 for $17750 cash 31 Operating expenses incurred and paid during the year. $5.900 Note: Sanchez uses the perpetual Inventory system What the amount of inventory that will be shown on the balance sheet at December 31 Year 27 Multiple choice 54500 O 52.000 521200 Required information The following information applies to the questo paydo Sanchez Company engaged in the following transactions during Yeart and the business by ung 513.300 of common stock for cash 2 company paid cash to purchase 58.000 of inventory 3) The company sold inventory that cout $5.400 for $11,150 cash Operating expenses incurred and paid during the year, $4900 Sanchez Company engaged in the following transactions during Year 2 The company paid cash to purchase 511600 of inventory The company sold inventory that cost $9.600 for $12.750 cash Operating expenses incurred and padding the year $5.900 Note Sanchez uses the perpetua inventory system Whats the amount of retained earnings that will be shown on the balance sheet at December 31 Year 2 Mil Chor $2.350 11100 SUN Sanchez Company engaged in the following transactions during Yeart Started the business by Issung 56.300 of common stock for cash The company pud cash to purchase $8.000 or inventory The company sold inventory that cost $5,400 for $11.150 cash Operating experises incurred and paid during the year. 54,900 Sanchez Company engaged in the following transactions during Year 2 The company pwd cash to purchase $11600 of inventory 2. The company sold inventory that cost $9.600 To $17.750 cash Operating expenses incurred and paid during the year, $5.900 Note: Sanchez uses the perpetual inventory system What is Sanchez's gross margin for Year 2 Ware Chora 56150 $92000 323 Home WWW MUCHO SU UUR Sanchez Company engaged in the following transactions during Year 1 Started in business by issuing $13.300 of common stock for cash The company paid cash to purchase 58.000 of inventory The company sold inventory that cost $5400 for $11150 cash 41 Operating expenses incurred and paid during the year $4.900 Sancher Company engaged in the following transactions during Year 2: The company paid cash to purchase $11.600 of inventory 2. The company sold inventory that cost 39.600 for $17,750 cash 3 Operating expenses incurred and paid during the year, 55,900 Note: Sanchez uses the perpetual inventory system What is the amount of inventory that will be shown on the balance sheet at December 31, Year 2? Moupe Choice DO 52.000 O 2000 O 51000 Leny engage in Tollowing LUIS QUITE 1. Started the business by issuing $13,300 of common stock for cash The company paid cash to purchase $8.000 of inventory 3) The company sold inventory that cost $5,400 for $11,150 cash 4 Operating expenses incurred and paid during the year. $4,900 Sanchez Company engaged in the following transactions during Year 2 The company paid cash to purchase $11,600 of inventory 2. The company sold inventory that cost $9,600 for $17750 cash 3) Operating expenses incurred and paid during the year $5.900 Note Sanchez uses the perpetual inventory system What is the amount of retained earnings that will be shown on the balance sheet at December 31, Year 2? Multiple choke 52.250 O 5310 STO 300
