accounting 802
Financial information is presented below for three different companies.
Determine the missing amounts.
|
Allen Cosmetics
|
Bast Grocery
|
Corr Wholesalers
|
|||||||
| Sales revenue | $90,000 |
$
 [removed]
|
(e)
|
$122,000 | |||||
| Sales returns and allowances |
[removed]
|
(a)
|
5,000 | 12,000 | |||||
| Net sales | 86,000 | 95,000 |
[removed]
|
(i)
|
|||||
| Cost of goods sold | 56,000 |
[removed]
|
(f)
|
[removed]
|
(j)
|
||||
| Gross profit |
[removed]
|
(b)
|
38,000 | 24,000 | |||||
| Operating expenses | 15,000 |
[removed]
|
(g)
|
18,000 | |||||
| Income from operations |
[removed]
|
(c)
|
[removed]
|
(h)
|
[removed]
|
(k)
|
|||
| Other expenses and losses | 4,000 | 7,000 |
[removed]
|
(l)
|
|||||
| Net income |
[removed]
|
(d)
|
11,000 | 5,000 | |||||
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