Explain your answer. 5. Use this information to answer the following question Credit Account...
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Accounting
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5. Use this information to answer the following question Credit Account Name Sales Sales Returns and Allowances Purchases Purchases Returns and Allowances Debit 300,000 10,000 62,000 8,000 reight-In Selling Expenses General and Administrative Expenses 12,000 30,000 110,000 In addition, beginning merchandise inventory was $22,000 and ending merchandise inventory was $14,000 Cost of goods sold for the period was a. $74,000 b. $62,000 c. $88,000 d. $58,000
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You can see the logs in the Dashboard.