Question: Set forth below is account balance information excerpted from the adjusted trial balance of Mesa Wholesale Company: Dr Cr Jose Mesa, Withdrawals 6,000 Sales 2,029,000
Set forth below is account balance information excerpted from the adjusted trial balance of Mesa Wholesale Company: Dr Cr Jose Mesa, Withdrawals 6,000 Sales 2,029,000 Sales Returns & Allowances 58,000 Sales Discounts 39,000 Cost of Goods Sold 1,313,000 Salary and Wage Expense 248,000 Rent Expense 179,000 Depreciation Expense 65,000 Insurance Expense 17,000 Delivery Expense 13,000 Supplies Expense 10,000 Interest Expense 22,000 Gain on Disposal of Fixed Assets 29.000 Interest Income 4.000 Calculate the following numbers and enter you answers in the boxes below: Net Sales: Gross Profit: Income from Operations: Net Income
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