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Company separates operating expenses in two categories: 1) selling and 2) general & administrative. The adjusted trial balance at December 31, 2014 included the following
Company separates operating expenses in two categories: 1) selling and 2) general & administrative. The adjusted trial balance at December 31, 2014 included the following expenses and loss accounts: Interest....$140,000 Advertising....300,000 Freight-out....160,000 Product Development...240,000 Loss on sale of long-term investment...60,000 Officers' salaries....450,000 Rent for office space....440,000 Sales salaries and commissions....280,000 One half of the rented premises are occupied by the sales department. What are the total selling expenses for 2014
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