Calculate income from operations for Jonas Company based on the following data: Sales $764,000 Operating expenses 52,500 Cost of merchandise sold 538,000 $485,500 $711,500 $173,500 $226,000 Which of the following is recorded in the cash receipts journal? cash withdrawn by the owner cash purchase of equipment cash received on customer's account adjusting entry for depreciation What type of company would normally offer trade discounts to its customers? service company retailer wholesaler online retailer Which of the following accounts has a normal debit balance? Accounts Payable Merchandise Inventory Sales Interest Revenue The amount of the total cash paid to the seller for merchandise purchased for consumption would normally include only the list price only the sales tax the list price plus the sales tax the list price less the sales tax