Short Answer
Calculate (A)net sales, (B)gross profit, (C)total operating expenses, and (D)net income.
Sales returns $850, rent expense $1,355, sales discounts $1,200, depreciation expense $510, cost of merchandise sold $6,500, gross sales $19,500, advertising expense $400, salary expense $2,100, heat expense $750.
Correct Answer:

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A. 19,500 - 850 - 1,200 = 17,4...View Answer
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