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Based on Panjim's 2015 cash T-account, which one of the following statements must be true? During 2015, Panjim's total merchandise sales were $60,000 During 2015,

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Based on Panjim's 2015 cash T-account, which one of the following statements must be true? During 2015, Panjim's total merchandise sales were $60,000 During 2015, Panjim's total merchandise purchases were $44,000 During 2015, Panjim issued $75,000 of debt Panjim did not record any tax expense for 2015

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