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FINANCIAL ACCOUNTING: TOOLS LL W/ ACCES
9th Edition
ISBN: 9781119493648
Author: Kimmel
Publisher: WILEY
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- Cost account solution needarrow_forwardWe note the following adjusted trial balance totals: Cash $ 21,000 Accounts Receivable $ 20,000 Allowance for Doubtful Accounts $2,000 Merchandise Inventory $ 20,000 Accounts Payable $16,000 Capital $ 3,000 Sales Sales Returns Cost of Goods Sold Other Expenses Gross profit is: a. $56,000 b. $50,000 c. $80,000 d. $74,000 $ 80,000 $ 6,000 $ 24,000 $ 10,000arrow_forwardcorrect answer please general accountingarrow_forward
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