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The following is the Easton Company adjusted Trial Balance. Easton Company Adjusted Trial Balance December 31, 2020 Account Title Debit Credit Cash $88,665 Accounts Receivable

The following is the Easton Company adjusted Trial Balance.

Easton Company

Adjusted Trial Balance

December 31, 2020

Account Title

Debit

Credit

Cash

$88,665

Accounts Receivable

232,400

Supplies

17,000

Merchandise Inventory

100,000

Equipment

295,000

Accumulated Depreciation

$124,260

Accounts Payable

172,555

Capital Stock

220,000

Retained Earnings

127,145

Dividends

9,000

Net Sales

886,027

Cost of Goods Sold

375,000

Rent Expense

89,500

Wages Expense

154,000

Supplies Expense

12,000

Utilities Expense

8,000

Depreciation Expense

150,000

________

Totals

$1,530,565

$1,530,565

Use this information to determine:

Total Revenue:

Gross Profit:

Total Expense:

Net Income:

Profit Margin (show as a whole number - no % sign or decimal):

HINTS: There are six expenses. Profit margin is not the same as gross profit percentage! Enter the amounts with no $ sign and no commas.

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