← C https://www-awu.aleks.com/alekscgi/x/1sLexe/10_u-IgNslkgljY22rR162qV2MyzySimhACwAxSk O MERCHANDISING AND INVENTORY Merchandising: Computing income statement amounts Perry Company has the following account balances at the end of its fiscal year. Compute Net Sale Sales Sales Returns and Allowances Sales Discounts Net Sales Cost of Goods Sold Gross Profit Selling Expenses General and Administrative Expenses Not Income X $122,500 2,700 4,900 1 59,200 7,800 9,900 0

← C https://www-awu.aleks.com/alekscgi/x/1sLexe/10_u-IgNslkgljY22rR162qV2MyzySimhACwAxSk O MERCHANDISING AND INVENTORY Merchandising: Computing income statement amounts Perry Company has the following account balances at the end of its fiscal year. Compute Net Sale Sales Sales Returns and Allowances Sales Discounts Net Sales Cost of Goods Sold Gross Profit Selling Expenses General and Administrative Expenses Not Income X $122,500 2,700 4,900 1 59,200 7,800 9,900 0

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter5: Operating Activities: Purchases And Cash Payments

Section: Chapter Questions

Problem 3.4C

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(c) C0//mp//ute the General l3dger