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Psymon Company, Inc., sells construction equipment. The annual fiscal period ends on December adjusted trial balance was created from the general ledger accounts on December

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Psymon Company, Inc., sells construction equipment. The annual fiscal period ends on December adjusted trial balance was created from the general ledger accounts on December 31: Credits Cash 68,000 Account Titles Debits FIRE $ 44,060 Accounts Receivable REELL 18.800 ERREFFE Inventory Property and Equipment 52,090 Accumulated Depreciation Accounts Payable Common Stock Retained Earnings, January 1 Sales Revenue Cost of Goods Sold 102,800 Salaries and Wages Expense 17,800 Office Expenses 18,800 Interest Expense 2,200 Income Tax Expense 10, 140 Totals $334,600 $ 21,800 31,400 94,000 12,000 175,400 $334,600 CP6-5 Part 2 2. Compute the gross profit percentage. (Round your answer to 1 decimal place.) Gross Profit Percentage

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