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28) Landon Jewelers uses the perpetual inventory system On April 2, Landon sold merchandise with a cost of $1500 for $7000 to a customer on account with terms of 1/15, n/30. The journal entry to record the cost of goods sold would be Sales Revenue B)Cost of Goods Sold Merchandise Inventory C) Accounts Receivable D) Merchandise Inventory 29) The Merchandise Inventory account balance is $56,000. A physical count of inventory reveals that 29) theg entry? (Assume a perpetual inventory system.) A) a $17,000 credit to Cost of Goods Sold C) a $39,000 credi B) a $17,000 credit to Merchandise Inventory D)a $56,000 debit to Cost of Goods Sold t to Merchandise Inventory 30) The following information relates to Sports Bikes Company 30) Net Sales Revenue Cost of Goods Sold Interest Revenue 10,000 40,000 Calculate the operating income. A) $60,000 B) $13,000 C) $230,000 D) $3000 31) The following information relates to Blake Auto Supply 31) $191,000 150,000 12,000 40,000 Net Sales Revenue Sold Interest Revenue Operating Expenses Calculate the net income of Blake Auto Supply. A) $220,000 B) $1000 C) $13,000 D) $64,000 32) The gross profit percentage is one of the most carefully watched measures of 32) A) solvency B) liquidity C) marketability D) profitability 33) A company made net sales revenue of $550,000, and cost of goods sold totaled $192,500. Calculate 33) its gross profit percentage. A)69% B)130% C) 315% D)35%