Question: please solve 9 & 10 QUESTION 9 ESG company sold merchandise with a cost of $2,000 for $3,000 cash. The journal entry to record this
QUESTION 9 ESG company sold merchandise with a cost of $2,000 for $3,000 cash. The journal entry to record this transaction includes O Dr. to accounts receivable and Cr to sales, $3,000 Dr to accounts receivable and Cr to sales, $2,000 Dr. to cash and Cr to sales: $2,000 Dr to cash and Cr. to sales: $3,000 QUESTION 10 XYZ company provided the following information: Sales Accounts payable Selling expenses Administrative expenses Other revenues Cost of goods sold Cash Other expenses $30,000 3,000 4,000 5,500 10,000 13,500 12,000 7,000 Required: Calculate the following: (SHOW YOUR CALCULATIONS) 1. Gross profit 2. Net income/loss (note: specify whether the company had net income or net loss)
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