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Chapter 7 The following information is taken from the accounting red Missing information has been...

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Accounting

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Chapter 7 The following information is taken from the accounting red Missing information has been left blank. Compute the missing amounts. 1) Cost of Freight- Ending Gross inventory Purchases en from the accounting records of Rapid Runner Inc. for the year 2021. goods sold in Sales Purchase discounts Beginning Gross inventory profit Purchase returns 95 5 2) 30 20 8 12 Cost of Freight- goods sold in Ending inventory Gross Purchases Sales Purchase discounts Beginning Gross inventory profit Purchase returns 206 200 15 60 54 27 ? 10 3) Cost of Freight- goods sold in Ending Gross inventory Purchases Sales Purchase discounts Beginning Gross inventory profit Purchase returns ? 14 83 270 304 20 90 30 Cost of Freight- goods sold in Ending Gross inventory Purchases Sales Purchase discounts Beginning Gross inventory profit Purchase returns 237 22 147 300 400 ? 150 16350 5) Cost of Freight- Sales Ending inventory Gross Purchases Purchase discounts Beginning Gross inventory profit Purchase returns goods sold in 33 239 350 511 36 220 2 13 ? Chapter 8

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