Cash 83500 Sales 3625000 Accounts Receivable 150000 Sales Returns and Allowances 37800 Merchandise Inventory 380000 Sales Discounts 20200 Office Supplies 15000 Cost of Merchandise Sold 2175000 Prepaid Insurance 12000 Sales Salaries Expense 388800 Office Equipment 115200 Advertising Expense 45900 Accumulated Depreciation Depreciation Expense Office Equipment 49500 Store Equipment 8300 Store Equipment 511500 Miscellaneous Selling Expense 2000 Accumulated Depreciation Office Salaries Expense 77400

Answer rating: 100% (QA)

Single step income statement net sales 3567000 expenses Cost of ... View the full answer