Question: Question 19 2 pts Put a check by all the true statements Sales/(1+Markup%)=Cost O Sales - Profit Cost O CGAS + Profit - Sales O

Question 19 2 pts Put a check by all the true

Question 19 2 pts Put a check by all the true statements Sales/(1+Markup%)=Cost O Sales - Profit Cost O CGAS + Profit - Sales O CGAS-CGS=Beginning Inventory n Sales - Cost = Profit Markup = Profit/Cost Ending Inventory +CGS = CGAS Question 20 2 pts Poobah Company enters into a purchase commitment agreement to purchase 100 tons of coal in 24 months for $1,000,000. Pick the accounts that they would debit and credit from this transaction. Credit Purchase Commitment Liability Debit Inventory Allowance Credit Inventory Allowance Credit "nothing" Debit "nothing" Debit Inventory Due

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