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Use this information to answer the following question. Debit Credit 300,000 Account Name Sales Sales Returns and Allowances Purchases Purchases Returns and Allowances Freight-In Selling

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Use this information to answer the following question. Debit Credit 300,000 Account Name Sales Sales Returns and Allowances Purchases Purchases Returns and Allowances Freight-In Selling Expenses General and Administrative Expenses 10,000 50,000 8,000 12,000 30,000 110,000 15. In addition, beginning merchandise inventory was $22,000 and ending merchandise inventory was $14,000 Cost of goods sold for the period was a $62,000. b. $50,000. c. $76,000 d. $46,000. 16. A remittance advice is attached to a(n) a. receiving report. b. check. c. purchase order. d. invoice. 17. Which of the following sets of documents are in the correct sequence? a. Purchase order, check, receiving report b. Purchase requisition, purchase order, invoice c. Purchase requisition, receiving report, purchase order d. Purchase order, purchase requisition, invoice

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