6-46. Lakeside Software began January with $3,900 of merchandise inventory. During January, Lakeside made the following entries for its inventory transactions: A1 A B C D 1 Inventory 6,000 2 Accounts Payable 6,000 3 Accounts Receivable 7,500 4 Sales Revenue 7,500 5 6 5,600 7 Cost of Goods Sold 5,600 8 Inventory 9 How much was Lakeside's inventory at the end of January? a. $4,300 c. $-0- b. $9,900 d. $6,000 Q6-47. What was Lakeside's gross profit for January? a. $7,500 c. $1,900 b. $-0- d. $5,600 Q6-48. The word market as used in "the lower of cost or market" generally means a. net realizable value. c. retail market price. b. liquidation price. d. original cost. Q6-49. The sum of