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Co. had the following account balances: Sales revenue Gross profit Insurance expense Depreciation expense - Building Delivery expense $200,000 60% of Net sales 28,000 40,000

Co. had the following account balances: Sales revenue Gross profit Insurance expense Depreciation expense - Building Delivery expense $200,000 60% of Net sales 28,000 40,000 15,000 the tax Rent revenue 25,000 s for 20207 A Interest expense 10,000 Gain on sales of building 12,000 Sales Return and allowances 5,500 Postage expense 19,500

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