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Is there a Net Loss or Net Profit? Also what is the gross profit percentage? Accounts Payable $10,000 Accounts Receivable 11,000 Advertising Expense 12,000 Cost
Is there a Net Loss or Net Profit? Also what is the gross profit percentage?
Accounts Payable | $10,000 | |
Accounts Receivable | 11,000 | |
Advertising Expense | 12,000 | |
Cost of Goods Sold | 89,000 | |
Delivery Expense | 6,000 | |
Insurance Expense | 1,000 | |
Interest Expense | 2,000 | |
Merchandise Inventory | 20,000 | |
Rent Expense | 12,000 | |
Sales | 160,000 | |
Sales Discounts | 11,000 | |
Sales Returns and Allowances | 19,000 | |
Unearned Revenue | 2,000 | |
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