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The following account balances were included in the trial balance of Bramble Corporation at June 30.2020. Sales revenue $1,595,870 Depreciation expense (office furniture and equipment)
The following account balances were included in the trial balance of Bramble Corporation at June 30.2020. Sales revenue $1,595,870 Depreciation expense (office furniture and equipment) Sales discounts 33,040 Property tax expense Cost of goods sold 897,600 Bad debt expense selling! Salaries and wages expense sales) 56,520 Maintenance and repairs expense administration! Sales commissions 98.900 Office expense Travel expense (salespersons) 35,200 Sales returns and allowances Delivery expense 23.290 Dividends received Entertainment expense 14,990 Interest expense Telephone and Internet expense (sales) 9,160 Income tax expense Depreciation expense (sales equipment) 4,914 Depreciation understatement due to error-2017 (net of tax Maintenance and repairs expense (sales) 6,715 Dividends declared ar preferred stock Dividends declared on common stock Miscellaneous selling expenses 4,689 3,656 Office supplies used Telephone and Internet expense (administration) 2,966 The Retained Earnings account had a balance of $370.560 at July 1, 2019. There are 75,830 shares of common stock outstanding. Preparc arctained earnings statement for the year ended June 30, 2020. (List items that increase adjusted retained earnings first.) BRAMBLE CORPORATION Retained Earnings Statement For the Year Ended June 30, 2020 Retained Earnings, June 20, 2020 V $ $ The following account balances were included in the trial balance of Bramble Corporation at June 30.2020. Sales revenue $1,595,870 Depreciation expense (office furniture and equipment) Sales discounts 33,040 Property tax expense Cost of goods sold 897,600 Bad debt expense selling! Salaries and wages expense sales) 56,520 Maintenance and repairs expense administration! Sales commissions 98.900 Office expense Travel expense (salespersons) 35,200 Sales returns and allowances Delivery expense 23.290 Dividends received Entertainment expense 14,990 Interest expense Telephone and Internet expense (sales) 9,160 Income tax expense Depreciation expense (sales equipment) 4,914 Depreciation understatement due to error-2017 (net of tax Maintenance and repairs expense (sales) 6,715 Dividends declared ar preferred stock Dividends declared on common stock Miscellaneous selling expenses 4,689 3,656 Office supplies used Telephone and Internet expense (administration) 2,966 The Retained Earnings account had a balance of $370.560 at July 1, 2019. There are 75,830 shares of common stock outstanding. Preparc arctained earnings statement for the year ended June 30, 2020. (List items that increase adjusted retained earnings first.) BRAMBLE CORPORATION Retained Earnings Statement For the Year Ended June 30, 2020 Retained Earnings, June 20, 2020 V $ $
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