Refer to the following trial balance. Credit Debit $19,000 43,000 65,000 15,000 320,000 Cash Accounts Receivable...

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Refer to the following trial balance. Credit Debit $19,000 43,000 65,000 15,000 320,000 Cash Accounts Receivable Merchandise

business accounting

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Answer 1

Answer #1

Sales revenue = $465,000

Cost of goods sold = $200,000

Gross profit = Sales revenue - Cost of goods sold

= 465,000-200,000

= $265,000

Correct option id D.

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Answer 2

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