Calculate Gross profit from the following: RO. Sales Discount 2750 Gross 178000 Sales Sales Returns and 900 Allowances Freight 1150 In Salary Expense 9200 Purchase Discount 1800 Purchases 72000 Rent Expense 8400 Purchase Returns and Allowances 1950 Opening Inventory 22400 Closing Inventory 16800 Select one: O a. RO 52600 O b. RO 99350 O c. RO 75000 d. RO 57400

Calculate Gross profit from the following: RO. Sales Discount 2750 Gross 178000 Sales Sales Returns and 900 Allowances Freight 1150 In Salary Expense 9200 Purchase Discount 1800 Purchases 72000 Rent Expense 8400 Purchase Returns and Allowances 1950 Opening Inventory 22400 Closing Inventory 16800 Select one: O a. RO 52600 O b. RO 99350 O c. RO 75000 d. RO 57400

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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