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I just need the answer to the total general and administrative expenses is? I can figure it out? The following is the adjusted trial balance
I just need the answer to the total general and administrative expenses is? I can figure it out?
The following is the adjusted trial balance data for Emma's Alterations as of December 31, 2019. Emma's Alterations Adjusted Trial Balance Year Ended December 31, 2019 Debit Credit Cash $600,538 51,689 Accounts Receivable Equipment 199,430 Merchandise Inventory 171,744 Accounts Payable $236,893 Common Stock 502,200 Sales 397,493 Interest Revenue 100,976 Rent Revenue 65,100 Sales Salaries Expense 27,250 Office Supplies Expense 6,503 Sales Discounts 61,347 Interest Expense 3,570 Sales Returns and Allowances 55,532 90,800 Cost of Goods Sold Rent Expense 10,400 Denreciation Fynense-Office Fouinment 560 Office Supplies Expense 6,505 Sales Discounts 61,347 Interest Expense 3,570 Sales Returns and Allowances 55,532 Cost of Goods Sold 90,800 Rent Expense 10,400 Depreciation Expense-Office Equipment 8,560 Insurance Expense 3,421 Advertising Expense 11,878 Totals $1,302,662 $1,302,662 A. Use the data provided to compute net sales for 2019. 280,614 B. Compute the gross margin for 2019. 189,814 C. Compute the gross profit margin ratio (rounded to nearest hundredth). 0.68 D. Prepare a simple income statement for the year ended December 31, 2019. Emma's Alterations Simple Income Statement For Year Ended December 31, 2019 Check My Work makeAssignment/takeAssignment Main.do?invoker=&takeAssignmentSessionLocator=&inprogress=false eBook D. Prepare a simple income statement for the year ended December 31, 2019 Emma's Alterations Simple Income Statement For Year Ended December 31, 2019 Revenues: Net Sales 280,614 Rent Revenue 65,100 Interest Revenue 100,976 Total Revenues 446,690 Expenses: Cost of Goods Sold 90,800 Total Selling Expenses 39,128 Total General and Administrative Expenses 284,308 X Interest Expense 3,570 Total Expenses 162,382 Net Income 284,308 E. Prepare a multi-step income statement for the year ended December 31, 2019. Emma's Alterations Multi-step Income Statement For Year Ended December 31, 2019 Sales 397,493 Sales Discounts 61347Step by Step Solution
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