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Author Question: Summerville Company sells office supplies. The following information summarizes the company's ... (Read 63 times)

clmills979

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on: Jan 4, 2020
Summerville Company sells office supplies. The following information summarizes the company's operating activities for the year:

Utilities for the store$8,000
Sales commissions11,000
Sales revenue151,000
Purchases of merchandise73,000
January 1 inventory27,000
Rent for store12,000
December 31 inventory23,000


What is gross profit at Summerville Company?
◦ $58,000
◦ $82,000
◦ $43,000
◦ $74,000
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Marked as best answer by clmills979 on Jan 4, 2020

Anna

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Reply #1 on: Jan 4, 2020
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clmills979

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Reply 2 on: Jan 4, 2020
:D TYSM

daiying98

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Reply 3 on: Yesterday
Wow, this really help

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