The following account balances are taken from Sherwood Ltd.s adjusted trial balance at June 30, 2020: Debit
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Question:
The following account balances are taken from Sherwood Ltd.s adjusted trial balance at June 30, 2020:
Debit | Credit | ||||||
---|---|---|---|---|---|---|---|
Sales revenue | $1,260,000 | ||||||
Advertising expense | $122,000 | ||||||
Cost of goods sold | 594,000 | ||||||
General and administrative expenses | 42,000 | ||||||
Selling expenses | 76,000 | ||||||
Depreciation expense | 69,000 | ||||||
Interest expense | 39,000 | ||||||
Interest revenue | 44,000 | ||||||
Income tax expense | 10,000 | ||||||
Wages expense | 164,000 | ||||||
Utilities expense | 108,000 |
Posted Date: