Can someone please help with summary entrys?


Cash sales for the week ( Jan 2-3 ) totaled $7000. The gross profit rate on these
Sales averaged 40 %. Make a summary entry .

Can someone please help with summary entrys ? ? ?


Cash sales for the week ( Jan 2-3 ) totaled $7000. The gross profit rate on these
sales averaged 40 %. Make a summary entry .
Cash a/c debit 575
Sales a/cl cr 575

Inventry a/c dr 6435
Cost of goods sold a/c cr 6435