64 Advertising Expense $550 Cost of Merchandise Sold 7850 Customer Refunds Payable 40 Delivery Expense...
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64 Advertising Expense $550 Cost of Merchandise Sold 7850 Customer Refunds Payable 40 Delivery Expense 16 Depreciation Expense-Office Equipment 50 Depreciation Expense-Store Equipment 140 Estimated Returns Inventory 22 Insurance Expense 48 Interest Expense 21 K.M., Capital 3449 K.M., Drawing 50 Miscellaneous Administrative Expense Miscellaneous Selling Expense 38 Office Salaries Expense 650 Office Supplies Expense 28 Rent Expense 94 Salaries Payable 41 Sales 11343 Sales Salaries Expense 900 Required: Show details of your calculations. Label or identify the amounts used (abbreviations ok if we can understand them). 1. What is the amount of Gross Profit? 2. What is the amount of Total Operating Expenses? 3. What is the amount of Net Income? 4. What is the amount of Total Selling Expenses? 5. What is the amount of Total Administrative Expenses? 6. What is the amount of Income from Operations
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