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The following information is taken from the accounting records of Rapid Runner Inc. for the year 2018. Missing information has been left blank. Compute the
The following information is taken from the accounting records of Rapid Runner Inc. for the year 2018. Missing information has been left blank. Compute the missing amounts.
1) Cost of Freight- Ending Gross goods sold in Sales Purchase Beginning Gross Purchase inventory Purchases discounts inventory profit returns 95 30 20 12 2) Cost of Freight- Ending Gross goods sold in Sales Purchase Beginning Gross Purchase inventory Purchases discounts inventory profit returns 10 15 60 54 27 206 200 3) Cost of Freight- Ending Gross goods sold in Sales Purchase Beginning Gross Purchase inventory Purchases discounts inventory profit returns 14 83 270 20 30 304 90 4) Cost of Freight Ending Gross goods sold in Sales Purchase Beginning Gross Purchase inventory Purchases discounts inventory profit returns 237 5) Cost of Freight- Ending Gross goods sold in 147 300 400 150 163 50 Sales Purchase Beginning Gross Purchase inventory Purchases discounts inventory profit returns 239 511 213 350 36 220Step by Step Solution
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