Question: Question 42 (1 point) Consider the following information about operations of a business for the period ending December 31, 2021. Account Title Cost of

Question 42 (1 point) Consider the following information about operations of a

Question 42 (1 point) Consider the following information about operations of a business for the period ending December 31, 2021. Account Title Cost of Goods Sold General and Administrative Expenses Selling Expenses Net sales amounts to Amount Account Title $235,500 Sales 70,000 Sales Discounts 65,000 Sales Returns and Allowances Amount $450,000 3,000 3,500 $450,000 $443,500 $447,000 $378,500

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