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2339 Accounts quin The worksheet of Lantz's Office Supplies contains the following revenue, cost, and expense accounts. The merchandise inventory amounted to $59,775 on January
2339 Accounts quin The worksheet of Lantz's Office Supplies contains the following revenue, cost, and expense accounts. The merchandise inventory amounted to $59,775 on January 1, 20X1, and $52,725 on December 31, 20X1. The expense accounts numbered 611 through 617 represent selling expenses, and those numbered 631 through 646 represent general and administrative expenses. 401 Sales 451 Sales Returns and Allowances 491 Miscellaneous Income 501 Purchases 502 Freight In 503 Purchases Returns and Allowances 504 Purchases Discounts 611 Salaries Expense-Sales 614 Store Supplies Expense 617 Depreciation Expense-Store Equipment 631 Rent Expense 634 Utilities Expense 637 Salaries Expense-Office 640 Payroll Taxes Expense 643 Depreciation Expense-Office Equipment 646 Uncollectible Accounts Expense 691 Interest Expense $265,950 Cr. 4,350 Dr. 400 Cr. 108,600 Dr 1,975 Dr. 3,600 Cr. 1,800 Cr. 45,300 Dr. 2,310 Dr. 1,510 Dr. 13,500 Dr. 6,200 Dr. 21,100 Dr. 5,800 Dr. 570 Dr. 740 Dr. B The worksheet of Lantz's Office Supplies contains the following owner's equity accounts. No additional investments were made during the period.
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