Just answer F and G The following are taken from the record of ABM Company for the year ended December 31,20X2:DEBITCREDITP784.9858,2005,465SalesPurchase DiscountPurchase Retums and allowancesPurchasesFreight-inSales discountSales returns and allowancesDepreciotion ExpenseAmortization expenseSalaries ExpenseUtilities ExpenseAdvertising ExpenseRent ExpenseInterest IncomeInterest ExpenseGain on sale of PPEBad Debts Expense459,9909,18013,3005,45525,00010,00080,00055,00035,00060,0005,4445,6775.485???Based on actual physical count, Inventory balance are as follows:January 1, 20X2P25,455December 31, 20X2P20,765Bad debts expense is 4% of net sales. Classify the bad debt expense asgeneral and adıministrative expense. Determine the following by preparing a multi-step form of SCI.a. Net Salesb. Net Purchases- C. Cost of goods soldd. Bad debts expensee. Gross Profitf. Total Expensesg. Net Income/Loss

Name: Just answer F and G The following are taken from the record of ABM Com
Uploaded: 2022-11-23T13:49:29.000Z
Channel: Bartleby
Description: Just answer F and G The following are taken from the record of ABM Company for the year ended December 31,20X2:DEBITCREDITP784.9858,2005,465SalesPurchase DiscountPurchase Retums and allowancesPurchasesFreight-inSales discountSales returns and allowan