Wava Harrington ACG 2021 Week 3

Wava Harrington ACG 2021 Week 3 - General Instructions 1...

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General Instructions 1. The following worksheet may be used to complete the exercise/problem. You may need to refer to your textbook for additional information. 3. Submit your document to the Dropbox by Sunday, 11:59PM (Mountain). E5-20 Fill in the missing amounts in the following income statement for Carpenters Department Store In CARPENTERS DEPARTMENT STORE INC. Net sales $ 122,040 Cost of goods sold: Beginning inventory $ 23,400 Net purchases $ 74,600 Transportation-in 6,550 Cost of goods purchased 81,150 Cost of goods available for sale $ 104,550 Ending inventory 21,110 Cost of goods sold 83,440 Gross profit $ 38,600 Operating expenses 11,300 Income before tax $ 26,300 Income tax expense 10,300 Net income $ 16,000 2. The blue cells are for data entry. Enter text in the T cells , formulas in the F cells, and dollars or numbers in the $ cells.
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General Instructions 1. The following worksheet may be used to complete the exercise/problem. You may need to refer to your textbook for additional information. 3. Submit your document to the Dropbox by Sunday, 11:59PM (Mountain).
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