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Crane Department Store is located in midtown Metropolis. During the past several years, net income has been declining because suburban shopping centers have been attracting
Crane Department Store is located in midtown Metropolis. During the past several years, net income has been declining because suburban shopping centers have been attracting business away from city areas. At the end of the company's fiscal year on November 30, 2022, these accounts appeared in its adjusted trial balance. $ 44,600 29,000 115,600 Accounts Payable Accounts Receivable Accumulated Depreciation-Equipment Cash Common Stock Cost of Goods Sold Freight-Out 13,600 59,500 1,036,380 10,830 270,330 23,500 20,400 3,400 17.000 15,300 8.500 44,300 73,950 Equipment Depreciation Expense Dividends Gain on Disposal of Plant Assets Income Tax Expense Insurance Expense Interest Expense Inventory Notes Payable Prepaid Insurance Advertising Expense Rent Expense Retained Earnings Salaries and Wages Expense Sales Revenue Salaries and Wages Payable Sales Returns and Allowances Utilities Expense 10.200 56,950 57,800 23,900 201,760 1,536.000 10,200 34.000 17,300 Additional data: Notes payable are due in 2026. Sales Sales Revenue 0 Less V Sales Returns and Allowances 19 JULIO Inlanla
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