Complete QS 5-23 on page 365 and match the correct answer to the question What is the COGS under scenario C? Choose... What is the net sales under scenario b? Choose... - What is the gross profit from sales under scenario a? Choose.. What is the gross profit % under scenario a? Choose... - What is the gross profit % under scenario d? Choose... Using the information in Ex 5-26 on page 373 and 374, what would be the entry to close out those temporary accounts with credit balances - journal entry #1 in the closing journal entries process? Select one: O a. Dr. Sales $38,200 and Cr. Income Summary $38,200 O b. Dr. Inventory $2,550, Dr. Purchase Discounts $37. Dr. Purchase Returns & Allowances $110, Dr. Sales $38,200 and Cr. Income Summary $40,897 O c. Dr. Purchase Discounts $37. Dr. Purchase Returns & Allowances $110, Dr. Sales $38,200 and Cr. Income Summary $38,347 d. Dr. Inventory $6,600, Dr. Purchase Discounts $37. Dr. Purchase Returns & Allowances $110, Dr. Sales $38,200 and Cr. Income Summary $44,947 Complete QS 5-23 on page 365 and match the correct answer to the question What is the COGS under scenario C? Choose... What is the net sales under scenario b? Choose... - What is the gross profit from sales under scenario a? Choose.. What is the gross profit % under scenario a? Choose... - What is the gross profit % under scenario d? Choose... Using the information in Ex 5-26 on page 373 and 374, what would be the entry to close out those temporary accounts with credit balances - journal entry #1 in the closing journal entries process? Select one: O a. Dr. Sales $38,200 and Cr. Income Summary $38,200 O b. Dr. Inventory $2,550, Dr. Purchase Discounts $37. Dr. Purchase Returns & Allowances $110, Dr. Sales $38,200 and Cr. Income Summary $40,897 O c. Dr. Purchase Discounts $37. Dr. Purchase Returns & Allowances $110, Dr. Sales $38,200 and Cr. Income Summary $38,347 d. Dr. Inventory $6,600, Dr. Purchase Discounts $37. Dr. Purchase Returns & Allowances $110, Dr. Sales $38,200 and Cr. Income Summary $44,947