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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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