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The following information was taken from the accounts of Green Market, a delicatessen, at December 31, Year 2. The accounts are listed in alphabetical order,
The following information was taken from the accounts of Green Market, a delicatessen, at December 31, Year 2. The accounts are listed in alphabetical order, and each has a normal balance. Accounts payable $ 609 Accounts receivable 409 Advertising expense 200 Cash 419 Common stock 209 Cost of goods sold 700 Interest expense 61 Merchandise inventory 360 Prepaid rent 49 Retained earnings, 1/1/Year 2 644 Sales revenue 1,090 Salaries expense 220 Rent expense 100 Gain on sale of land 34
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