1. Name the five main categories in a Retail Business condensed Income Statement... 2. Define the following Cost of Goods/Merchandise Sold - Gross Profit- Merchandise Inventory - 3. What is the formula to calculate Gross Profit? 4. In the Chart of Accounts, what does the first number in the account number tell you? 5. Name seven Financial Statement categories found on a Chart of Accounts 6. Define a Subsidiary Ledger 7. Name three types of Subsidiary Ledgers 8. Define the following Inventory systems Periodic System- Perpetual System - 9. What does 3/10, 1/30 mean? I 10. What is the 2 line journal entry to record a debit memo for a return of inventory previously chased? English (United States) O Focus sty