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  3. refer to the following trial balance. debit credit

Refer to the following trial balance. Debit Credit Cash $ 20 comma 000 Accounts Receivable...

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Accounting

Refer to the following trial balance. Debit Credit Cash $ 20 comma 000 Accounts Receivable 42 comma 000 Merchandise Inventory 50 comma 000 Supplies 17 comma 000 Land 320 comma 000 Accounts Payable $ 4 comma 000 Notes Payable 22 comma 000 Common Stock 322 comma 000 Retained Earnings 20 comma 000 Dividends 5 comma 000 Sales Revenue 462 comma 000 Cost of Goods Sold 230 comma 000 Salaries Expense 18 comma 000 Utilities Expense 68 comma 000 Rent Expense 55 comma 000 Interest Expense 5 comma 000 ________ Totals $830 comma 000 $830 comma 000 How much is the gross profit?

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