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I am stuck at figuring out what the selling, general, and administrave expenses of the following problem are so that I can complete the income
I am stuck at figuring out what the selling, general, and administrave expenses of the following problem are so that I can complete the income statement
Multi-step Income Statement and Adjusting Entries The Boston Trading Company, whose accounting year ends on December 31, had the following normal balances in its general ledger at December 31 Cash Accounts Receivable Inventory Prepaid Insurance Office Supplies Furniture & Fixtures Accumulated Depreciation Furn. & Fixtures Delivery Equipment Accumulated Depreciation Delivery Equipment 18,000 Accounts Payable Long-term Notes Payable Common Stock Retained Earnings Sales Revenue Cost of Goods Sold Utilities Expense Sales Salaries Expense Delivery Expense Advertising Expense Rent Expense Office Salaries Expense Income Tax Expense $19,500 84,900 109,500 9,000 6,300 31,500 7,500 126,000 61,500 45,000 112,500 77,100 945,000 606,000 7,200 120,000 16,200 8,400 21,600 87,000 13,500Step by Step Solution
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