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On March 31, 20Y9, the balances of the accounts appearing in the ledger of Royal Furnishings Company, a furniture store, are as follows: Accounts Receivable
On March 31, 20Y9, the balances of the accounts appearing in the ledger of Royal Furnishings Company, a furniture store, are as follows:
Accounts Receivable | $160,300 |
Accumulated Depreciation-Building | 752,300 |
Administrative Expenses | 540,650 |
Building | 2,553,550 |
Cash | 184,650 |
Common Stock | 288,000 |
Cost of Goods Sold | 3,899,650 |
Dividends | 185,800 |
Interest Expense | 10,150 |
Inventory | 1,006,950 |
Notes Payable | 255,800 |
Office Supplies | 20,400 |
Retained Earnings | 1,304,450 |
Salaries Payable | 7,600 |
Sales | 6,477,150 |
Selling Expenses | 684,100 |
Store Supplies | 92,400 |
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