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Using your accounting knowledge, fill in the missing blank (1 thru 8)

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June 8th, 2024

Using your accounting knowledge, fill in the missing blank (1 thru 8) for Company X, Company Y andCompany Z. Indicate negative amounts with parenthesis.Company XCompany YCompany Z$16,000$48,000(6)Inventory (beginning)$16,000(4)$22,000Purchases of merchandise(1)$19,000$30,000Inventory (ending)$24,000$17,000(7)Cost of Goods sold$32,000$22,000$24,000Gross Profit(2)$26,000$29,000Expenses$12,000$15,000(8)Net Income (loss)(3)(5)$7,000SalesCost of Good Sold

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