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Using your accounting knowledge, fill in the blanks in the following income statement: Particulars $ Sales 25,600 Cost of goods sold Opening Inventory 4,560 Total
Using your accounting knowledge, fill in the blanks in the following income statement: Particulars $ Sales 25,600 Cost of goods sold Opening Inventory 4,560 Total cost of merchandise 6,600 purchases Closing Inventory ??? a Cost of goods sold 7,000 Gross profit 18,600 Expenses 6,000 Net income ??? b
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