=+306 Chapter 6 Accounting for Merchandising Businesses On October 31, 2010, the balances of the accounts appearing in the ledger of Triple Creek Company are as follows:

Cash $ 18,300 Sales Discounts $ 9,300 Accounts Receivable 72,000 Purchases 536,500 Merchandise Inventory, Purchases Returns and Allowances 6,000 November 1, 2009 87,700 Purchases Discounts 4,500 Office Supplies 3,000 Freight In 10,900 Prepaid Insurance 4,500 Sales Salaries Expense 156,250 Land 35,000 Advertising Expense 55,000 Store Equipment 170,000 Delivery Expense 9,000 Accumulated Depreciation— Depreciation Expense—

Store Equipment 55,900 Store Equipment 5,900 Office Equipment 78,500 Miscellaneous Selling Expense 10,700 Accumulated Depreciation— Office Salaries Expense 100,000 Office Equipment 16,250 Rent Expense 31,250 Accounts Payable 27,800 Insurance Expense 3,000 Salaries Payable 3,000 Office Supplies Expense 2,300 Unearned Rent 8,300 Depreciation Expense—

Notes Payable 12,500 Office Equipment 1,500 Shawn Hayes, Capital 189,050 Miscellaneous Administrative Expense 5,850 Shawn Hayes, Drawing 18,750 Rent Revenue 6,250 Sales 1,106,400 Interest Expense 750 Sales Returns and Allowances 10,000 Instructions