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3.73 8.00 3.00 June 27 4,280.00 Cash Cabinet Sales Sales Tax Payable Invoice: V6053 101 401 205 4,000.00 280.00 501 2,857.14 June 27 Cost of

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3.73 8.00 3.00 June 27 4,280.00 Cash Cabinet Sales Sales Tax Payable Invoice: V6053 101 401 205 4,000.00 280.00 501 2,857.14 June 27 Cost of Goods Sold Merchandise Inventory Invoice: V6053 115 2,857.14 3 30 J 43. Review the bank credit card sale of June 27. What is the cost of goods sold as a percentage of the sales price? A) 75.00% B) 71.43% C) 72.14% D) 100.00% E) None of the above Page 11 Videretti Cabinets, Incorporated - Adjusting & Closing Entries; Copyright 2010 - 2018, PKL Software, Incorporated. All Last Revised: November 20, 2018

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