Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Bargain Merchandisers has the following transactions for the month of July, Net Sales Revenue $403,000 Cost of Goods Sold 310,000 Operating Expenses 85,000 Interest Revenue

image text in transcribed
image text in transcribed
image text in transcribed
Bargain Merchandisers has the following transactions for the month of July, Net Sales Revenue $403,000 Cost of Goods Sold 310,000 Operating Expenses 85,000 Interest Revenue 7000 Calculate Gross Profit. a. 58000 b. 51000 C 593,000 O d. 5185,000 Which of the following accounts will be included in a post-closing trial balance? O a Owner, Withdrawals O b. Supplies Expense Oc Owner, Capital d. Salaries Expense PS Weston Jewelers uses the perpetual inventory system, On April 2, Weston sold merchandise with a cost of $5565 for $9739 to a customer on account with the terms 3/15, 1/30. Weston paid $150 for delivery of the merchandise. Calculate the amount of net sales revenue. (Round your any intermediary calculations and your final answer to the nearest dollar) a. 59739 b.55565 C. $9889 d. 59447

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamentals Of Accounting Course 2

Authors: Claudia B. Gilbertson

9th Edition

053844827X, 9780538448277

More Books

Students also viewed these Accounting questions

Question

What is the history of the term "vetting"?

Answered: 1 week ago

Question

4. Explain how to price managerial and professional jobs.pg 87

Answered: 1 week ago