Thursday
March 23, 2017

Post a New Question

Posted by on Monday, November 15, 2010 at 7:34pm.

Sales for the month were $650,000, 85% of sales were on account. Gross margin is 40% of sales.

  • Accounting-Journal Entry - , Sunday, July 8, 2012 at 7:26am

    Cash DR 97500.00
    AC Receivable 552500.00
    Sales 650000.00

    Sales 650000.00
    Cost of Sales 390000.00
    Gross profit 260000.00

Answer This Question

First Name:
School Subject:
Answer:

Related Questions

More Related Questions

Post a New Question