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QUESTION 16 Jim Panzie, owns a portable pet store which uses the perpetual inventory system. The book keeper Sally Mander has provided the following partial
QUESTION 16 Jim Panzie, owns a portable pet store which uses the perpetual inventory system. The book keeper Sally Mander has provided the following partial list of account balances in alphabetical order) on December 15, 2021. REQUIRED: Using the accounts provided, calculate the net sales. Accounts Payable $ 28 Accounts Receivable 23 Accumulated Amortization 64 Allowance for Doubtful 2 Accounts Cash 10 Cost of Goods Sold 687 403 J. Panzie, Capital J. Panzie, Withdrawals Equipment 90 180 e Interest Earned 4 142 198 Inventory Rent Expense Salaries Expense Sales Discounts 155 5 Sales Returns and Allowances 32 Sales 1,057 14 Supplies Uneamed Sales 12
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