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Question 32.1/30 Assignment sent to Gradebook. Your grade is being recorded. Fri, Jun 5, 2020, 6:39:17 PM (Asia/Nicosia +03:00) Prev Next Question 2 14.7/30 View
Question 32.1/30
Assignment sent to Gradebook. Your grade is being recorded.
Fri, Jun 5, 2020, 6:39:17 PM (Asia/Nicosia +03:00)
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The following selected accounts from Highview Electronics Corporations general ledger are presented below for the year ended December 31, 2018:
Accounts receivable | $276,000 | |
Accumulated depreciationequipment | 771,000 | |
Advertising expense | 52,000 | |
Common shares | 246,000 | |
Cost of goods sold | 1,057,000 | |
Depreciation expense | 126,000 | |
Dividends declared | 142,000 | |
Equipment | 1,466,000 | |
Freight out | 27,000 | |
Income tax expense | 77,000 | |
Insurance expense | 25,000 | |
Interest expense | 59,000 | |
Interest revenue | 32,000 | |
Inventory | 95,000 | |
Prepaid expenses | 28,000 | |
Rent revenue | 21,000 | |
Retained earnings | 568,000 | |
Salaries expense | 663,000 | |
Sales | 2,393,000 | |
Sales discounts | 21,000 | |
Sales returns and allowances | 40,000 | |
Unearned revenue | 19,000 |
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