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Question 34 Shelly Sea Shells reports operating expenses in two categories: (1) selling and (2) general and administrative. The adjusted trial balance at December 31,
Question 34 Shelly Sea Shells reports operating expenses in two categories: (1) selling and (2) general and administrative. The adjusted trial balance at December 31, 2020, included the following expense accounts: Accounting and legal fees $420,000 Advertising 585.000 180.000 Interest 90.000 Loss on sale of long-term investments 540,000 Officers' salaries 540,000 Rent for office space Sales salaries and commissions 405.000 One-half of the rented premises is occupied by the sales department. How much of the expenses listed above should be included in Shelly's selling expenses for 2020? $990,000 $765.000 51.260.000 51.350 Previous Next > /// E = R T D =
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