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Account Description Debit Credit Asset, Lab, Rev, Expo, Other I / S or B / S Cash $ 2 5 , 5 0 0 Wages

Account Description Debit Credit Asset, Lab, Rev, Expo, Other I/S or B/S
Cash $25,500
Wages & Salary Expense 87,000
Accounts Receivable 10,000
Teaching Supplies 4,000
Income Tax Expense 12,000
Advertising Expense 8,000
Depreciation Expense - Store Equipment 55,000
Prepaid Insurance 10,000
Rent Expense 68,000
Sales Returns & Allowances 12,000
Prepaid Rent 24,000
Store Equipment 125,000
Sales 525,000
Accounts Payable 55,000
Research & Development Expense 49,000
Salaries Payable 1,000
Cost of Goods Sold 183,000
Long-term Notes Payable 36,000
Retained Earnings41,500
Dividends 31,000
Accumulated Depreciation,Store Equipment 65,000
Utilities Expense 28,000
Common Stock 16,000
Interest Expense 8,000
$739,500 $739,500
Question at position 31
31
2 points
Question at position31
Calculate Net Sales

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