Question
Settings Accessibility + On-Screen Keyboard + About + Refer to the following trial balance. Debit Credit Cash $ 4 comma 000$4,000 Accounts Receivable 13 comma
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Refer to the following trial balance.
Debit | Credit | |
Cash | $ 4 comma 000$4,000 | |
Accounts Receivable | 13 comma 00013,000 | |
Inventory | 20 comma 00020,000 | |
Supplies | 6 comma 0006,000 | |
Land | 140 comma 000140,000 | |
Accounts Payable | $ 4 comma 000$4,000 | |
Notes Payable | 24 comma 00024,000 | |
Common Stock | 116 comma 000116,000 | |
Retained Earnings | 11 comma 00011,000 | |
Dividends | 2 comma 0002,000 | |
Sales Revenue | 170 comma 000170,000 | |
Sales Discounts Forfeited | 3 comma 0003,000 | |
Cost of Goods Sold | 83 comma 00083,000 | |
Delivery Expense | 5 comma 0005,000 | |
Salaries Expense | 8 comma 0008,000 | |
Utilities Expense | 24 comma 00024,000 | |
Rent Expense | 20 comma 00020,000 | |
Interest Expense | 3 comma 0003,000 | ________ |
Totals | $328 comma 000328,000 | $328 comma 000328,000 |
How much is the gross profit?
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