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Current Attempt in Progress Wildhorse Co. reports operating expenses in two categories: (1) selling and (2) general and administrative. The adjusted trial balance at December
Current Attempt in Progress Wildhorse Co. reports operating expenses in two categories: (1) selling and (2) general and administrative. The adjusted trial balance at December 31, 2020 included the following expense and loss accounts: Accounting and legal fees $217000 Advertising 285000 Freight-out 119700 Interest 105300 Loss on sale of long-term investment 44500 Officers' salaries 335500 Rent for office space 336000 Sales salaries and commissions 364500 One-half of the rented premises is occupied by the sales department. Wildhorse's total selling expenses for 2020 are O $937200. $817500. O $769200. O $649500
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