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The following account balances were included in the trial balance of Skysong Corporation at June 30, 2025. $1,591,380 Depreciation expense (office furniture and equipment)
The following account balances were included in the trial balance of Skysong Corporation at June 30, 2025. $1,591,380 Depreciation expense (office furniture and equipment) $6,799 7.117 unts 31,400 Property tax expense ids sold 897,600 Bad debt expense (selling) 4,411 dwages expense (sales) 56,910 Maintenance and repairs expense (administration)) 8.681 issions 99,340 Office expense 5,590 nse (salespersons) 31,300 Sales returns and allowances 57.189 pense 22,560 Dividends revenue 36,590 ent expense 14,840 Interest expense 18,510 and Internet expense (sales) 9.120 Income tax expense 105,270 on expense (sales equipment) 5,097 Depreciation understatement due to error-2025 (net of tax) 18,787 ce and repairs expense (sales) 5,655 Dividends declared on preferred stock 9.610 ous selling expenses 4,254 Dividends declared on common stock 33,420 ilies used 3,722 and Internet expense (administration) 2.677 The Retained Earnings account had a balance of $335,100 at July 1, 2024. There are 84,450 shares of common stock outstanding.
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