Question: I need help asap! show work please & thank you. need this done in an hour Interest Expense 6,900 36,156 Inventory Notes Payable 60.030 46,920
Interest Expense 6,900 36,156 Inventory Notes Payable 60.030 46,920 Rent Expense Retained Earnings January 1, 2020) 19.596 Cost of Goods Sold 847.734 8,556 Freight Out Equipment Depreciation Expense 216,660 18.630 Dividends 16.560 Gain on Disposal of Plant Assets 2.760 8.280 Prepaid Insurance Advertising Expense Salaries and Wages Expense 46,230 161,460 Sales Revenue 1.247.520 Salaries and Wages Payable 8.280 Sales Returns and Allowances 27,600 14,628 36,984 23,736 Utilities Expense Accounts Payable Accounts Receivable Accumulated Depreciation - Equipment Cash 93,840 11.040 48,300 Common Stock Instructions Assuming normal balances for each of the accounts, calculate the following (and show all your work for maximum partial credit): 1. Net sales 2. Gross profit 3. Gross profit rate 4. Net Income 5. Ending retained earnings
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