Answer the following question: Question (1) The adjusted trial balance of Pratt Company prepared at...
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Accounting
Answer the following question: Question (1) The adjusted trial balance of Pratt Company prepared at December 31, 2008, contained the following information: Debit Credit Sales $ 275,000 Sales Returns and Allowances S 10.000 Sales Discounts 3,500 Cost of Goods Sold 183.000 Delivery Expense 1.000 Advertising Expense 7,500 Sales Salaries Expense 25.000 Rent Expense Office Space 9,000 Depreciation Expense-Office Equipment 3.500 Interest Revenue 12.500 Interest Expense 9,000 Notes payable 29.000 Danil Capital 484,000 Use the above information to answer the following questions. (1) Net sales for the year are (2) The gross profit for the year is s (3) The operating expenses for the year are 5 (4) Income from operations for the year is s (5) Net income for the year is s
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