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The Boston Trading Company, whose accounting year ends on December 31, had the following normal balances in its general ledger at December 31. Cash $19,500

The Boston Trading Company, whose accounting year ends on December 31, had the following normal balances in its general ledger at December 31.
Cash$19,500
Accounts Receivable84,900
Inventory109,500
Prepaid Insurance9,000
Office Supplies6,300
Furniture & Fixtures31,500
Accumulated Depreciation - Furn. & Fixtures7,500
Delivery Equipment126,000
Accumulated Depreciation - Delivery Equipment18,000
Accounts Payable61,500
Long-term Notes Payable45,000
Common Stock112,500
Retained Earnings77,100
Sales Revenue945,000
Cost of Goods Sold606,000
Utilities Expense7,200
Sales Salaries Expense120,000
Delivery Expense16,200
Advertising Expense8,400
Rent Expense21,600
Office Salaries Expense87,000
Income Tax Expense13,500

During the year, the accounting department prepared monthly statements but no adjusting entries were made in the journals and ledgers. Data for the year-end procedures are as follows:

Prepaid insurance, December 31$1,200
Depreciation Expense on furniture and fixures for year1,800
Depreciation Expense on delivery equip. for the year14,000
Salaries Payable, December 31 ($1,800 Sales and $1,200 Office)3,000
Unused office supplies on December 311,000

a.

General Journal
Date







AnswerAnswer


To record accrued salaries at December 31.

~Salaries Expense~Salaries Payable~Sales Revenue~Selling, General and Administrative Expenses}

To record depreciation expense for furniture for the year.

To record depreciation expense for delivery equipment for the year.

Sales Salaries Expense

To record accrued salaries at December 31.





31
5{:NM:=5300Answer




AnswerAnswer


To record office supplies used.


b. Do not use negative signs with your answers.

BOSTON TRADING COMPANY
Income Statement
For the Year Ended December 31



This question has two parts

A. General Journal

B. Income statement

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