(Answered) Question - jonas company has the following amount balances

Accounting

Question - Jonas Company has the following amount balances at the end of its fiscal year. Compute Net Salas, Gross Profit, and Net Income (ignore taxes).

Sales	$125,400
Sales Return and Allowances	3,500
Sales Discounts	4,000
Net Sales
Cost of Goods Sold	58,400
Gross Profit
Selling Expenses	11,700
General and Administrative Expenses	12,300
Net Income

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