Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Good to Go Auto Products distributes automobile parts to service stations and repair shops. The adjusted trial balance data that follows is from the firm's

image text in transcribed
image text in transcribed
Good to Go Auto Products distributes automobile parts to service stations and repair shops. The adjusted trial balance data that follows is from the firm's worksheet for the year ended December 31, 2019 Debit Cash $ 98,600 500 13,000 139, 800 Petty Cash Fund Notes Receivable, due 2020 Accounts Receivable Allowance for Doubt ful Accounts $ 3,400 Interest Receivable Merchandise Inventory Marehouse Supplies office Supplies Prepaid Insurance Land Building Accumulated Depreciation-Building arehouse Equipment Accumulated Depreciation-Warehouse Equ ipment office Equipment Accunulated Depreciation-office Equi pment Notes Payable, due 2020 Accounts Payable Interest Payable Loans Payable-Long-Tern Mortgage Payable colin o Brien, Capital (Jan. 1) Colin O'Brien, Drawing Incone Sumnary Sales 128,100 2,900 660 4,240 15,600 16,500 19,400 9,300 9,000 ,700 14,600 56,500 360 5,000 18,000 322,870 70,250 128,100 ,102,300 131,000 8,000 459,000 Sales Returns and Allovances Interest Income 540 Purchases Freight In Purchases Returns and Allowances 9,400 13,250 8,840 Purchases Discounts Warehouse Wages Expense Warehouse Suppliea Expense 108,200 5, 400 Good to Go Auto Products distributes automobile parts to service stations and repair shops. The adjusted trial balance data that follows is from the firm's worksheet for the year ended December 31, 2019 Debit Cash $ 98,600 500 13,000 139, 800 Petty Cash Fund Notes Receivable, due 2020 Accounts Receivable Allowance for Doubt ful Accounts $ 3,400 Interest Receivable Merchandise Inventory Marehouse Supplies office Supplies Prepaid Insurance Land Building Accumulated Depreciation-Building arehouse Equipment Accumulated Depreciation-Warehouse Equ ipment office Equipment Accunulated Depreciation-office Equi pment Notes Payable, due 2020 Accounts Payable Interest Payable Loans Payable-Long-Tern Mortgage Payable colin o Brien, Capital (Jan. 1) Colin O'Brien, Drawing Incone Sumnary Sales 128,100 2,900 660 4,240 15,600 16,500 19,400 9,300 9,000 ,700 14,600 56,500 360 5,000 18,000 322,870 70,250 128,100 ,102,300 131,000 8,000 459,000 Sales Returns and Allovances Interest Income 540 Purchases Freight In Purchases Returns and Allowances 9,400 13,250 8,840 Purchases Discounts Warehouse Wages Expense Warehouse Suppliea Expense 108,200 5, 400

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Marketing Audit Guide What It Is Why Your Business Needs One And How To Do It

Authors: Susan G Tyson

1st Edition

B0C12D3DD6, 979-8388994868

More Books

Students also viewed these Accounting questions

Question

What Message Design Logic does Steve exhibit? What about Konrad?

Answered: 1 week ago

Question

4. Identify the challenges facing todays organizations

Answered: 1 week ago