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Sales Expenses: Cost of Goods Sold $50,000 Depreciation Expense 6,000 Salaries and Wages Expense Net Income Accounts Receivable CURRENT $80,000 12,000 68.000 $12,000 $

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Sales Expenses: Cost of Goods Sold $50,000 Depreciation Expense 6,000 Salaries and Wages Expense Net Income Accounts Receivable CURRENT $80,000 12,000 68.000 $12,000 $ 4,000 decrease Inventory increase Salaries and Wages Payable increase 8,000 750 TEES

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