5. Marathon Sports Gear had net sales of $562,000 and Cost of Goods Sold of $290,000. How much gross profit did Marathon Sports Gear report? A. $562,000 B. $852,000 C. $272,000 D. $290,000 6. Suppose the Jim's Jeans Merchandise Inventory account shows an unadjusted balance of $10,000. On December 31, 2018, the physical count of goods on hand totaled $9,200. To adjust the accounts, Jim's Jeans would make which of the following Entries? A. Dr. Merchandise Inventory 800 Cr. Costs of Goods Sold 800 B. Dr. Costs of Goods Sold 800 Cr. Merchandise Inventory 800 C. Dr. Merchandise Inventory 800 Cr. Purchases 800 D. Dr. Purchases 800 Cr. Merchandise Inventory 800