Answered step by step
Verified Expert Solution
Question
1 Approved Answer
I need help with the last few documents, please check out my other work and let me know what I may have got wrong. Thank
I need help with the last few documents, please check out my other work and let me know what I may have got wrong. Thank you!
Account t. Unadjusted Trial Balance data locose stateset data: \begin{tabular}{|c|c|} \hline Advertising expense & 150,000 \\ \hline Bsd Debr Expense & - \\ \hline Cost of qoods sold & 3,500,000 \\ \hline Delivery expense & 30,000 \\ \hline Depescistion expense-offise buildinas snd squipment & 30,000 \\ \hline Depesciation expense-store buildings atrd squipment & 100,000 \\ \hline Gsis (Loss) on saset disposal & 1,935 \\ \hline Income tax expense & 140,500 \\ \hline Insurance expenge & - \\ \hline Interest expense & 21000 \\ \hline Interest revenue & 30.000 \\ \hline Miscellaneous administrative expense & 7,500 \\ \hline Miscelloneous selling expense & 15,500 \\ \hline Office tent expense & 50,000 \\ \hline Office salaries expense & 170,000 \\ \hline Office supplies expense & 10,000 \\ \hline Soles & 5,313,000 \\ \hline Soles sommissions & 185,000 \\ \hline \$oles salaries expense & 305,000 \\ \hline Store supplies expense & 21,000 \\ \hline \end{tabular} Balance shett data: \begin{tabular}{|c|c|} \hline Accounts payable & 194,300 \\ \hline Accounte receivable & 545,000 \\ \hline Aceumulsked deprecistion-offi buildinge and squipment & 1,580,000 \\ \hline Accumulated deprecistion-store buildings and equipment & 4,126,000 \\ \hline Allowsace for doubtful accounts & 8,450 \\ \hline Bondz paysble & 500,000 \\ \hline Cash & 2,650 \\ \hline \begin{tabular}{l} Conmon stock, $20 par (400,000 shores avthoriaed; 85,000 \\ shares issued, $4,600 oukstanding \end{tabular} & 1,700,000 \\ \hline Cvah dividends - comnon stock & 90,000 \\ \hline Cvah dividends-preferred skock & 40,000 \\ \hline \end{tabular} Diwidends Psusble-conmon stock 40,000 Diwidendz Paysble - preferred ztock Goodwill 675,000 \begin{tabular}{ll} Income tax payable & 44,000 \end{tabular} \begin{tabular}{ll} Intersot rStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started