Excellent,Inc Required: Prepare Excellent,Inc

question 50

Essay

Excellent,Inc.sells accounting textbooks.The following information summarizes Excellent's operating activities for the year:
$$\begin{array} { | l | r | } \hline \text { Merchandise Inventory, January 1 } & \$ 10,000 \\\hline \text { Merchandise Inventory, December 31 } & 7,000 \\\hline \text { Purchases } & 95,000 \\\hline \text { Selling and Administrative Expenses } & 65,000 \\\hline \text { Sales Revenue } & 180,000 \\\hline\end{array}$$
Required: Prepare Excellent,Inc.'s income statement for the year ended December 31.

Comprehend the significance of a local environment for the survival and adaptation of a species.

Grasp the importance of a species' role in the structure and function of an ecological community.

Learn about the common patterns and processes that occur within ecological communities.

Understand what constitutes an ecosystem and its components, including both biotic and abiotic elements.