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$92,000 Retained Earnings 450,000 Dividends 70,000 Sales Cash Accounts Receivable Inventory Estimated Returns Inventory Office Supplies Prepaid Insurance Office Equipment $381,000 300,000 8,925,000 5,620,000 850,000
$92,000 Retained Earnings 450,000 Dividends 70,000 Sales Cash Accounts Receivable Inventory Estimated Returns Inventory Office Supplies Prepaid Insurance Office Equipment $381,000 300,000 8,925,000 5,620,000 850,000 420,000 33,000 5,000 Cost of Goods Sold Sales Salaries Expense 220,000 Depreciation Expense -Store Equipment 18,000 Accumulated Depreciation -Office Equipment Store Equipment Accumulated Depreciation -Store Equipment Accounts Payable Customers Refunds Payable 58,000 Miscellaneous Selling Expense 50,000 Office Salaries Expense 540,000 48,000 7,500 Rent Expense Insurance Expense Depreciation Expense 24,000 10,000 38,5 00 10,000 Office Equipment ,000 Office Supplies Expense 4,000 6,000 Salaries Payable Note Payable (final payment 140,000 Miscellaneous due 2034) Common Stock Administrative Exp. 50,000 12,000
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