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It is Business question. Question Wilson Computer Sales Adjusted Trial Balance For the year ended December 31, 2021 Credit Debit S 15,000 29,000 100,000 7.000
It is Business question.
Question Wilson Computer Sales Adjusted Trial Balance For the year ended December 31, 2021 Credit Debit S 15,000 29,000 100,000 7.000 3,000 75,000 $ 8,500 12,000 2.000 25.000 100,000 85,500 23,000 389,000 Accounts Cash Accounts Receivable Inventory 1/1/2021 Prepaid Insurance Office Supplies Equipment Accumulated Depreciation equipment Accounts Payable Salaries Payable Uneared Service Revenue Mortgage Payable Mark Wilson, Capital Mark Wilson, Withdrawals Sales Revenue Sales Returns and Allowances Sales Discounts Purchases Purchase Returns and Allowances Purchase Discounts Freight-In Salaries Expense Depreciation Expense Supplies Expense Insurance Expense Utilities Expense 12,000 36,000 180,000 26,000 52,000 11,000 150,000 6,000 4,000 14,000 35,000 $700.000 $700.000 Required: Wilson Co, has just completed their year-end physical inventory, and costed their 12/31/2021 inventory at $75,000. The company uses the periodic inventory system. Prepare the gross profit(margin) section that should be included in the presentation of the income statement. It does not need a title or date, just prepare this section as it would appear in detail. I do not want a Balance sheet or an Income Statement. I just want the gross profit (margin) section of the income statementStep by Step Solution
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