ACCOUNTERS!!! it appears my last question was tooo tOOO EZ!!!?

Question

im sure youll be wrong somewhere... he he he ;)

What is the source for preparing the schedule of accounts payable?

On the worksheet where will ending merchandise inventory appear?

How do you compute the goods available for sale?

Net sales are 180,000 -----cost of goods sold are 79,000 ---selling expenses are 28,500 and the general expenses are 22,800 ------gross profit is..........?

Answer 1

Beginning inventory + purchases = goods available for sale.

Goods available for sale - ending inventory = CGS.