Question
Paper Money Inc. Adjusted Trial Balance October 31, 2018 Account description Debit Credit Cash 21,230 Accounts Receivable 4,570 Supplies 1,450 Equipment 22,140 Accumulated Depreciation 2,000
| Paper Money Inc. | ||
| Adjusted Trial Balance | ||
| October 31, 2018 | ||
|
|
| |
| Account description | Debit | Credit |
| Cash | 21,230 |
|
| Accounts Receivable | 4,570 |
|
| Supplies | 1,450 |
|
| Equipment | 22,140 |
|
| Accumulated Depreciation |
| 2,000 |
| Accounts Payable |
| 4,440 |
| Capital |
| 40,410 |
| Drawing | 3,400 |
|
| Sales |
| 26,700 |
| Sales Discounts | 950 |
|
| Sales Returns and Allowances | 780 |
|
| Purchases | 13,900 |
|
| Freight In | 500 |
|
| Purchase Discounts |
| 680 |
| Purchase Returns and Allowances |
| 940 |
| Wages Expense | 2,450 |
|
| Rent Expense | 1,850 |
|
| Utilities Expense | 1,700 |
|
| Miscellaneous Expense | 250 |
|
| Totals | 75,170 | 75,170 |
Calculate Net Sales (4pts):
Calculate Delivered Cost of Purchases (5pts):
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Accounting Information Systems
Authors: Steven M. Bragg
2nd Edition
164221079X, 9781642210798
