ses ndise inventory, September 1 strative expenses venue 8,845 ,745 6,33 75 82

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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Using the following information, what is the amount of gross profit?
$33,054
6,331
759
873
Purchases
Merchandise inventory, September 1
Administrative expenses
Rent revenue
O a. $13,845
Ob. $14,745
Oc. $45,666
O d. $76,587
Selling expenses
Merchandise inventory, September 30
Sales
Interest expense
$900
8,464
45,666
903
Transcribed Image Text:Using the following information, what is the amount of gross profit? $33,054 6,331 759 873 Purchases Merchandise inventory, September 1 Administrative expenses Rent revenue O a. $13,845 Ob. $14,745 Oc. $45,666 O d. $76,587 Selling expenses Merchandise inventory, September 30 Sales Interest expense $900 8,464 45,666 903
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