Question
On December 31, 20Y5, the balances of the accounts appearing in the ledger of Warm Place Furnishings Company, a furniture wholesaler, are as follows: Administrative
On December 31, 20Y5, the balances of the accounts appearing in the ledger of Warm Place Furnishings Company, a furniture wholesaler, are as follows: Administrative Expenses $187,200 Office Supplies $15,800 Building 768,600 Retained Earnings 703,200 Capital Stock 150,000 Salaries Payable 4,500 Cash 72,900 Sales 1,908,900 Cost of Merchandise Sold 1,049,900 Sales Discounts 30,200 Dividends 37,400 Sales Returns and Allowances 120,200 Interest Expense 11,300 Selling Expenses 307,400 Merchandise Inventory 194,900 Store Supplies 11,700 Notes Payable 44,100 what is the cost of merchandise sold/
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