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Assume Bella Donna's General Store bought, on credit, a truckload of merchandise from American Wholesaling costing $3,420. The company paid $175 in transportation cost to
Assume Bella Donna's General Store bought, on credit, a truckload of merchandise from American Wholesaling costing $3,420. The company paid $175 in transportation cost to National Trucking to deliver the merchandise to Bella Donna Bella Donna immediately returned goods to American Wholesaling costing $760, and then took advantage of American Wholesaling's 1/10, n/30 purchase discount When Bella Donna pays American Wholesale within the discount period, the debit to accounts payable will be $ At December 31, 2018, you obtained the following data relating to supplies. Unadjusted balance in Supplies on December 31, 2018 $ 1,931 Unadjusted balance in Supplies Expense on December 31, 2018 7,998 Supplies on hand, counted on December 31, 2018 587 What amount should be reported on the 2018 Balance Sheet as Supplies? Below is a partial portion of Jolex's adjusted trial balance. Cash 12,869 Accounts Payable 5,866 Retained Earnings 1,971 Sales Revenue 14,543 Rent Revenue 2,164 Salaries and Wages Expense 6,123 Depreciation Expense 1,840 Utilities Expense 1,601 When preparing the closing entry, the total debits on the closing entry will equal
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