The closing trial Balance of XYZ Co shows the following:
Trial Balance 30 June 2004, in US Dollars
Cash 14,000
Accounts receivable 32,800
Accounts Payabel 13,400
Merchandise Inventory22,700
Furniture & Fixtures 8,100
Capital Stock 20,000
Prepaid Rent 2,100
Sales 207,900
Purchases 51,000
Operating Expense 62,300
Production Expense 42,100
Other Expense 6,200
A)organise the accounts into one column for debits and one column for credits.
B)Calculate gross profit and net profit or loss?
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