June costs of goods sold is $11750 Ending inventory on June 30 is $7350

June costs of goods sold is $11750

Ending inventory on June 30 is $7350

There was a $4200 beginning balance in the Accounts Payable account on June 1

Suppliers were paid $13500 during the month of June

Wilson earned $15700 of revenue on sales of the fertilizer bags. $5500 of the revenue related to cash sales and rest were credit sales.

FILL IN THE BLANKS

Statement of Cash flows:

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net change in cash flow ______

Income Statement:

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Net income ______

Balance Sheet:

ASSETS

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change in assets ______

LIABILITIES + EQUITY

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Change in Liabilities +equity _______