E7-3 supply the missing dollars amounts for the income statement of

Supply the missing dollars amounts for the income statement of clarks retailers for each of the following independent cases:

 

E7-3  CLARKS RETAILERS

               
  Inferring Missing Amounts Based on Income Statement Relationships          
                     
    Sales Beginning     Ending Cost of   Selling and Income from
  Cases Revenue Inventory Purchases Total Available Inventory Goods Sold Gross Profit General expenses Operations
  A $800 $100 $700   $500     $200.00  
  B $900 $200 $700         $150.00
  C   $150     $200 $200 $400 $150.00  
  D $800   $600   $300     $250.00 $100.00

 

 

 

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