Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 20,000 302,000 26,000 6,000 463,000 notes payable

20,000 302,000 26,000 6,000 463,000 Notes Payable Common Stock Retained Earnings Dividends Sales Revenue Cost...

60.1K

Verified Solution

Question

Accounting

imageimage

20,000 302,000 26,000 6,000 463,000 Notes Payable Common Stock Retained Earnings Dividends Sales Revenue Cost of Goods Sold Salaries Expense Utilities Expense Rent Expense Interest Expense Totals 230,000 15,000 66,000 53,000 _4,000 $813,000 $813,000 How much is the gross profit? O A. $99,000 O B. $89,000 OC. $95,000 OD. $233,000 Refer to the following trial balance. Credit Debit $20,000 41,000 63,000 15,000 300,000 Cash Accounts Receivable Merchandise Inventory Supplies Land Accounts Payable Notes Payable Common Stock Retained Earnings Dividends $2,000 20,000 302,000 26,000 6.000 O A. $99,000 O B. $89,000 C. $95,000 D. $233,000

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students