The following information was taken from the accounts of Green Market, a small grocery store, at...
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The following information was taken from the accounts of Green Market, a small grocery store, at December 31, Year 1. The accounts are listed in alphabetical order, and all have normal balances. Dollar amounts are given in thousands. Accounts payable $ 606 Accounts receivable Advertising expense Cash Common stock 406 200 416 206 Cost of goods sold 600 Rent expense Interest expense Merchandise inventory Prepaid rent Sales revenue Salaries expense Gain on sale of land 64 390 46 Retained earnings, 1/1/Year 1 641 1,060 190 100 101 The following information was taken from the accounts of Green Market, a small grocery store, at December 31, Year 1. The accounts are listed in alphabetical order, and all have normal balances. Dollar amounts are given in thousands. Accounts payable $ 606 Accounts receivable Advertising expense Cash Common stock 406 200 416 206 Cost of goods sold 600 Rent expense Interest expense Merchandise inventory Prepaid rent Sales revenue Salaries expense Gain on sale of land 64 390 46 Retained earnings, 1/1/Year 1 641 1,060 190 100 101
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