Question
The following is a listing of some of the balance sheet accounts and all of the income statement accounts for Aldine Inc. as they appear
| The following is a listing of some of the balance sheet accounts and all of the income statement accounts for Aldine Inc. as they appear on the companys adjusted trial balance. |
| Accounts Payable | $ 18,000 |
| Accounts Receivable | 30,000 |
| Inventory | 23,800 |
| Advertising Expense | 21,500 |
| Cost of Goods Sold | 165,000 |
| Delivery Expense | 7,900 |
| Income Tax Expense | 3,700 |
| Insurance Expense | 1,000 |
| Rent Expense | 19,600 |
| Sales Revenue | 350,000 |
| Sales Discounts | 9,100 |
| Sales Returns and Allowances | 47,500 |
Net income would be
| Income from Operations would be
|
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Financial Accounting An Introduction To Concepts Methods And Uses
Authors: Clyde P. Stickney, Roman L. Weil
12th Edition
0324381980, 978-0324381986
