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Selected Accounts from Trial Balance Account Name: Debit: Credit: $ 56,500 Merchandise inventory (ending) Other (noninventory) assets 202,600 Total liabilities 42,500 Retained earnings 154,425
Selected Accounts from Trial Balance Account Name: Debit: Credit: $ 56,500 Merchandise inventory (ending) Other (noninventory) assets 202,600 Total liabilities 42,500 Retained earnings 154,425 Dividends 3,000 Sales 381,650 Sales discounts 6,875 Sales returns and 11,000 allowances Cost of goods sold 115,600 Sales salaries expense 44.500 Rent expense-Selling space 16,000 Store supplies expense 3,850 1,100 Office supplies expense 1. Compute the company's net sales for the year (round final answer to the nearest whole dollar, i.e.. 394,294.5 would be 394,295)
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