Rodriguez Company reported the following balances at June 30, 2020: Sales Revenue $17,700 Sales Returns and Allowances 500 Sales Discounts 300 Cost of Goods Sold 7,600 1. a) What are the net sales for the month? 2. b) What is the gross margin (in dollars) for the month? 4) For the Gilmore Company, during 2020, merchandise is sold for $142,000 cash and $410,700 on account. The cost of the merchandise (goods) sold is $322,375. What is the amount of the gross margin? The following information is available for Sheldon Leonard Company: Operating Expenses Cost of Goods Sold Sales Revenue Sales Returns and Allowances $ 70,000 200,000 394,000 17,000 Instructions: Compute each of the following: 1. (a) Net sales 2. (b) Gross margin (in dollars) 3. (c) Income from operations 4. (d) Gross profit margin ratio (a percentage, using Net Sales as your base of 100%) Using the following, prepare a bank reconciliation for Samtani Co. for August 31, 2020, including a proper three-line heading (please use Figure 8.6 in the text as your guide): a) The bank statement balance is $4,010 b) The cash account balance is $4,207 c) Outstanding checks amounted to $507 d) Deposits in transit are $633 e) The bank service charge is $35 f) A check for $84 for supplies was recorded as $48 in the ledger (an error in recording) Which of the following items are found on a book side of the bank reconciliation? 1. interest income. 2. beginning bank balance. 3. outstanding checks. 4. deposits in transit.