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Q: Generally, the revenue account for a merchandising business is entitled?
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User: Generally, the revenue account for a merchandising business is entitled?

User: Using the following information, what is the amount of cost of merchandise sold? Purchases $32,000 Purchases discounts $960 Merchandise inventory September 1 5,700 Merchandise inventory September 30 6,370 Sales returns and allowances 910 Sales 63,000 Purchases returns and allowances 1,200 Freight In 1,040 Select one: a. $28,130 b. $20,530 c. $30,210 Correct d. $26,900 Can you show me the correct math for this problem? I managed to get it correct but only by guessing and want to know how they got this number.



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Asked 4/19/2013 3:35:46 PM
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