entation Wyom/wa/// ment-playet/indexhaunchide3727.cold 4297 he 907263/q/ You Ma Chapter 4 Custom Question 8 of 9 > -12 The following account balances were included in the trial balance of Bramble Corporation at June 30, 2020 $1,840,150 1,061.770 54,460 98,600 $3,320 8.020 5,250 9.330 29,630 18,800 Sales revenue Cost of goods sold Salaries and wages expense (sales) Sales commission expense Advertising expense (sales) Freight out Entertainment expense (sales) Telephone and Internet expense (sales) Depreciation of sales equipment Repairs and maintenance expense (sales) Miscellaneous expenses (sales) Supplies expense (office) Depreciation expense on office furniture and equipment 22.300 15.520 9,230 5.080 7.100 5.115 3,450 Telephone and Internet expense (office) Salaries and wages (office) Supplies expense (sales) Repairs and maintenance expense (office) Depreciation understatement due to error-2018 (net of tax of $3.300) Miscellaneous expense office) Dividend revenue Interestexpense Income tax expense Dividends declared on preferred shares Dividends declared on common shares 6,300 39,600 18.400 133.000 10,165 32.200 7.950 During 2020. Bramble incurred production salary and wage costs of $696.900.consumed raw materials and other production Supplies of $478,670, and had an increase in work-in-process and finished goods inventories of $113,800. The Retained Earnings account had a balance of $281.000 at June 30 2020, before closing. There are 180,000 common shares outstanding Assume Bramble has elected to adopt IFRS. (Hint: Production payroll and materials costs reduced by the increase in ending work-in-process and finished goods inventories-the cost of goods sold) O entation Wyom/wa/// ment-playet/indexhaunchide3727.cold 4297 he 907263/q/ You Ma Chapter 4 Custom Question 8 of 9 > -12 The following account balances were included in the trial balance of Bramble Corporation at June 30, 2020 $1,840,150 1,061.770 54,460 98,600 $3,320 8.020 5,250 9.330 29,630 18,800 Sales revenue Cost of goods sold Salaries and wages expense (sales) Sales commission expense Advertising expense (sales) Freight out Entertainment expense (sales) Telephone and Internet expense (sales) Depreciation of sales equipment Repairs and maintenance expense (sales) Miscellaneous expenses (sales) Supplies expense (office) Depreciation expense on office furniture and equipment 22.300 15.520 9,230 5.080 7.100 5.115 3,450 Telephone and Internet expense (office) Salaries and wages (office) Supplies expense (sales) Repairs and maintenance expense (office) Depreciation understatement due to error-2018 (net of tax of $3.300) Miscellaneous expense office) Dividend revenue Interestexpense Income tax expense Dividends declared on preferred shares Dividends declared on common shares 6,300 39,600 18.400 133.000 10,165 32.200 7.950 During 2020. Bramble incurred production salary and wage costs of $696.900.consumed raw materials and other production Supplies of $478,670, and had an increase in work-in-process and finished goods inventories of $113,800. The Retained Earnings account had a balance of $281.000 at June 30 2020, before closing. There are 180,000 common shares outstanding Assume Bramble has elected to adopt IFRS. (Hint: Production payroll and materials costs reduced by the increase in ending work-in-process and finished goods inventories-the cost of goods sold) O
