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Lambert Department Store is located in midtown Metropolis. During the past several years, net sales income has been declining because suburban shopping centers have been
Lambert Department Store is located in midtown Metropolis. During the past several years, net sales income has been declining because suburban shopping centers have been attracting business of Goods Sold away from city areas. At the end of the company's fiscal year on November 30, 2014, these accounts appeared in its adjusted trial balance. Additional data: Notes payable are due in 2018 Accounts Payable Accounts Receivable Accumulated Depreciation-Buildings Accumulated Depreciation-Equipment Administrative Expenses Advertising Expense Buildings Cash Common Stock Cost of Goods Sold Depreciation Expense Dividends Equipment Freight-in Freight-out Gain on Disposal of Plant Assets Income Tax Expense Income Taxes Payable Insurance Expense Interest Expense Interest Payable Interest Revenue Inventory Land Loss on Disposal of Plant Assets Maintenance and Repairs Expense Mortgage payable No Entry Notes Payable Prepaid Insurance Purchase Discounts Purchase Returns and Allowances Purchases Rent Expense Rent Revenue Research and Development Expense Retained Earnings Salaries and Wages Expense Salaries and Wages Payable Sales Discounts Sales Returns and Allowances Sales Revenue Supplies Supplies Expense Utilities Expense
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