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Refer to the following trial balance. Credit Debit $16,000 43,000 61,000 16,000 330,000 $3,000 24,000 371,000 Cash Accounts Receivable Merchandise Inventory Supplies Land Accounts Payable
Refer to the following trial balance. Credit Debit $16,000 43,000 61,000 16,000 330,000 $3,000 24,000 371,000 Cash Accounts Receivable Merchandise Inventory Supplies Land Accounts Payable Notes Payable Strong, Capital Strong Withdrawals Sales Revenue Cost of Goods Sold Salaries Expense Utilities Expense Rent Expense Interest Expense Totals 3,000 454,000 240,000 16,000 66,000 55,000 6,000 $852,000 $852,000 How much is the gross profit? A. $77,000 B. $214,000 OC. $68,000 OD. $71,000
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