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Home Q & A Board Other Fields Homework Help Business Accounting
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upton upton
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6 years ago
Calculate: (a) net sales, (b) cost of goods sold, (c) gross profit, and (d) net income from the following:

Sales   $2,000   Beginning Inventory   $ 500
Sales Discount   50   Net purchases   1,200
Sales Returns &       Ending Inventory   700
Allowances   80   Operating Expenses   300
Textbook 
College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
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keytwokeytwo
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