Question
Adjustment data: 1. Supplies on hand totaled $4,650. 2. Depreciation is $16,665 on the equipment. 3. Interest of $9,990 is accrued on notes payable
Adjustment data: 1. Supplies on hand totaled $4,650. 2. Depreciation is $16,665 on the equipment. 3. Interest of $9,990 is accrued on notes payable at November 30. Other data: 1. Salaries expense is 70% selling and 30% administrative. 2. Rent expense and utilities expenses are 80% selling and 20% administrative. 3. 4. Maintenance and repairs expense is 100% administrative. $30,000 of notes payable are due for payment next year. Adjustment data: 1. Supplies on hand totaled $4,650. 2. Depreciation is $16,665 on the equipment. 3. Interest of $9,990 is accrued on notes payable at November 30. Other data: 1. Salaries expense is 70% selling and 30% administrative. 2. Rent expense and utilities expenses are 80% selling and 20% administrative. 3. 4. Maintenance and repairs expense is 100% administrative. $30,000 of notes payable are due for payment next year.
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