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Instructions The following selected accounts and their current balances appear in the ledger of Claremont Co. for the fiscal year ended May 31, 20Y2: Cash
Instructions The following selected accounts and their current balances appear in the ledger of Claremont Co. for the fiscal year ended May 31, 20Y2: Cash $241,300 Accounts receivable 975,200 Inventory Estimated returns inventory Office supplies Prepaid insurance Office equipment Accumulated depreciation-office equipment Store equipment Accumulated depreciation-store equipment. Accounts payable Customer refunds payable 1,810,700 21,000 22,300 11,400 833,700 540,000 3,606,400 1,822,200 364,600 40,600 42,700 317,000 495.100 Salaries payable Note payable (final payment due in 6 years) Common stock Retained earnings Dividends 495,100 3,010,700 97,100 11,371,300 7,854,900 917,700 Sales Cost of goods sold Sales salaries expense Advertising expense 542,000 Depreciation expense-store equipment Miscellaneous selling expense 148.00 148,000 46,800 Office salaries expense 654,600 Rent expense 91,700 Depreciation expense-office equipment Insurance expense 43,600 42,400 22,800 Office supplies expense
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