The account balances for Kinder Morgan are listed below. All balances are as of December 31, 2022, except where noted: Account Title Account Title Accounts Payable Accounts Receivable, 1/1/22 Accumulated Depreciation Building Cash Common Stock Delivery Truck Depreciation Expense Dividends Select one: O O O O Balance $7,190 Inventory, 1/1/22 3,564 Supplies 17,200 Salaries Expense 7 Marketable Equity Securities Accounts Receivable, 12/31/22 Determine the Gross Profit Percentage: a. 45.2% b. 67.4% c. 32.6% d. 24.2% e. 58.8% ??? Net Revenue 8,200 Rent Expense 36,000 Retained Earnings, 1/1/22 7,800 Equipment 3,370 Prepaid Expenses 1,700 Cost of Goods Sold 2,700 Notes Payable (due 2024) 4,200 Inventory, 12/31/22 Balance $1,630 6,000 9,000 43,204 6,280 18,780 12,600 2,100 14,080 4,300 2.930

The account balances for Kinder Morgan are listed below. All balances are as of December 31, 2022, except where noted: Account Title Account Title Accounts Payable Accounts Receivable, 1/1/22 Accumulated Depreciation Building Cash Common Stock Delivery Truck Depreciation Expense Dividends Select one: O O O O Balance $7,190 Inventory, 1/1/22 3,564 Supplies 17,200 Salaries Expense 7 Marketable Equity Securities Accounts Receivable, 12/31/22 Determine the Gross Profit Percentage: a. 45.2% b. 67.4% c. 32.6% d. 24.2% e. 58.8% ??? Net Revenue 8,200 Rent Expense 36,000 Retained Earnings, 1/1/22 7,800 Equipment 3,370 Prepaid Expenses 1,700 Cost of Goods Sold 2,700 Notes Payable (due 2024) 4,200 Inventory, 12/31/22 Balance $1,630 6,000 9,000 43,204 6,280 18,780 12,600 2,100 14,080 4,300 2.930

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter4: The Balance Sheet And The Statement Of Shareholders' Equity

Section: Chapter Questions

Problem 7E

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