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Insurance expense $10,000 Sales returns and allowances 22,400 Bad debt expense 6,000 Accounts payable 81,000 Accounts receivable 108,590 Allowance for doubtful accounts 8,500 Accumulated depreciation
Insurance expense | $10,000 |
Sales returns and allowances | 22,400 |
Bad debt expense | 6,000 |
Accounts payable | 81,000 |
Accounts receivable | 108,590 |
Allowance for doubtful accounts | 8,500 |
Accumulated depreciation equipment | 27,740 |
Depreciation expense | 1,200 |
Interest revenue | 2,100 |
Cash | 80,970 |
Common stock (10,000 shares outstanding) | 100,000 |
Cost of goods sold | 598,550 |
Dividends declared | 18,000 |
Equipment | 139,450 |
General expenses | 114,250 |
Dividends payable | 2,000 |
Sales discounts | 23,000 |
Interest expense | 5,600 |
Paid-in capital in excess of par | 110,000 |
Marketable Securities | 12,000 |
Merchandise inventory | 154,250 |
Prepaid insurance | 11,225 |
Salaries expense | 42,100 |
Retained earnings | ? |
Dividend Revenue | 10,000 |
Salaries Payable | 12,350 |
Sales | 983,900 |
Selling expenses | 139,210 |
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