Question
Sandhill Co. reports operating expenses in two categories: (1) selling and (2) general and administrative. The adjusted trial balance at December 31, 2017, included the
Sandhill Co. reports operating expenses in two categories: (1) selling and (2) general and administrative. The adjusted trial balance at December 31, 2017, included the following expense accounts: Accounting and legal fees $427000 Advertising 356000 Freight-out 225200 Interest 181400 Loss on sale of long-term investments 90800 Officers' salaries 540000 Rent for office space 538200 Sales salaries and commissions 404200 One-half of the rented premises is occupied by the sales department. How much of the expenses listed above should be included in Sandhill's selling expenses for 2017? which answer is correct $760200. $1029300. $985400. $1254500.
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