a) net sales = $88,800
b) beginning merchandise = $32,000
c) gross margin = $43,000
d) net income = $25,000
sales salaries expense $7,000
sales 90,000
ending merchandise inventory 16,000
purchases returns and allowance 500
general and administrative expenses 11,000
sales returns and allowances 1,200
freight in 1,500
purchases 30,000
cost of goods sold 47,000
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joemas20...
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Answers to what? It looks like you are trying to fill out a sch c of the irs 1040 return.If so, please get yourself a fee tax preparation for 2007 on the internet. Do a search for. If for a back tax year, you can get a program for about $12. , then you can test all the calculations you want. report abuse
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