What will be the gross profit at the end of the year December 2019?What will be the total selling and distribution expense?What is the gross margin in terms of percentage?What will be the net income?What will be the total operating expense? CT e-Learning PortalCoursesReportse-Services ▼Academic DepartmentsETCThe following data from the adjusted trial balance of Safa Shopping CenterestionTrial balance for the year ended 31st December 2019AccountDebitCreditCash in hand16,000Sales returns2,000Sales338,000Gain on sale of land8,100Interest revenue4,600Loss on sale of building12,000Salesman salary2,200Rent expense office500Cost of Goods sold280,000Office expense14,5003000Depreciation: office equipmentMarketing expense2500Advertising expense15000Office Insurance expense3,500Dividend income200aW

The following data from the adjusted trial balance of Safa Shopping Center Trial balance for the year ended 31st December 2019 Account Debit Credit Cash in hand 16,000 Sales returns 2,000 Sales 338,000 Gain on sale of land 8,100 Interest revenue 4,600 Loss on sale of building 12,000 Salesman salary 2,200 Rent expense office 500 Cost of Goods sold 280,000 Office expense 14,500 Depreciation: office equipment 3000 Marketing expense 2500 Advertising expense 15000 Office Insurance expense 3,500 Dividend income 200

The following data from the adjusted trial balance of Safa Shopping Center Trial balance for the year ended 31st December 2019 Account Debit Credit Cash in hand 16,000 Sales returns 2,000 Sales 338,000 Gain on sale of land 8,100 Interest revenue 4,600 Loss on sale of building 12,000 Salesman salary 2,200 Rent expense office 500 Cost of Goods sold 280,000 Office expense 14,500 Depreciation: office equipment 3000 Marketing expense 2500 Advertising expense 15000 Office Insurance expense 3,500 Dividend income 200

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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