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 Business Markdown Systems uses a perpetual inventory system. The adjusted trial balance of Business Markdown Systems at March 31, 2018, follows: 4 of 6 (2 completo) v D Score: 0 of 10 pts HW Score: 5.88%, 5.88 E5-25 (similar to) Question Business Markdown Systems uses a

i Data Table Business Markdown Systems Adjusted Trial Balance March 31, 2018 Balance Credit Debit 2,700 13,500 32,100 6,200 4

i Data Table 32,100 6,200 42,100 $ Merchandise Inventory Office Supplies Equipment Accumulated Depreciation Equipment Account


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Business Markdown Systems
Income Statement
For the year ended March 31, 2018
Sales Revenue $ 230,000
Cost of Goods Sold 103,500
Gross Profit 126,500
Selling and Administrative Expenses
Selling Expense $ 26,700
Administrative Expense 14,000
Total Selling and Administrative Expenses 40,700
Income from Operations 85,800
Other Expenses
Interest Expense (2,400)
Net Income $ 83,400
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