=+On June 30, 2010, the balances of the accounts appearing in the ledger of Andover Company are

Question:

=+On June 30, 2010, the balances of the accounts appearing in the ledger of Andover Company are as follows:

Cash $ 36,600 Sales Discounts $ 18,750 Accounts Receivable 144,250 Purchases 1,073,000 Merchandise Inventory, July 1, 2009 175,450 Purchases Returns and Allowances 12,000 Office Supplies 6,050 Purchases Discounts 9,000 Prepaid Insurance 9,000 Freight In 21,800 Land 70,000 Sales Salaries Expense 312,500 Store Equipment 341,550 Advertising Expense 110,000 Accumulated Depreciation— Delivery Expense 18,000 Store Equipment 11,800 Depreciation Expense—

Office Equipment 157,000 Store Equipment 11,800 Accumulated Depreciation— Miscellaneous Selling Expense 21,400 Office Equipment 32,500 Office Salaries Expense 200,000 Accounts Payable 55,650 Rent Expense 62,500 Salaries Payable 5,900 Insurance Expense 6,000 Unearned Rent 16,600 Office Supplies Expense 4,600 Notes Payable 25,000 Depreciation Expense—

Vanessa Andover, Capital 380,100 Office Equipment 3,000 Vanessa Andover, Drawing 37,500 Miscellaneous Administrative Expense 11,700 Sales 2,212,900 Rent Revenue 12,500 Sales Returns and Allowances 20,000 Interest Expense 1,500 Instructions

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Accounting

ISBN: 978-1111001346

23rd Edition

Authors: Carl S. Warren

Question Posted: