Jung Stores, Inc., shows the following accounting records for 19×2:
|
Sales commissions |
$ 15,000 |
|
Beginning merchandise inventory |
16,000 |
|
Ending merchandise inventory |
9,000 |
|
Sales |
185,000 |
|
Advertising |
10,000 |
|
Purchases of merchandise |
85,000 |
|
Employees’salaries |
20,000 |
|
Other operating expenses |
30,000 |