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At year-end, ABC Company's general ledger includes the following accounts (in alphabetical order): Cash $ 34,201 Cost of goods sold 235,720 General and administrative expenses
At year-end, ABC Company's general ledger includes the following accounts (in alphabetical order): Cash $ 34,201 Cost of goods sold 235,720 General and administrative expenses 35,821 Sales 465,800 Sales discounts 13,666 Sales returns and allowances | 2,105 ABC's income statement will show the following amount for Gross Profit (Gross Margin): Multiple Choice 0 $245,851 $24585 0 $450,029 0 $178,488 Multiple Choice $245,851 $450,029 $178,488 $214,309 $230,080
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