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The following is a partial trial balance for General Lighting Corporation as of December 31, 2021: Account Title Debits Credits Sales revenue $1300000 Interest revenue
The following is a partial trial balance for General Lighting Corporation as of December 31, 2021:
Account Title | Debits | Credits |
Sales revenue | $1300000 | |
Interest revenue | $30000 | |
Gain on sale of investments | $50000 | |
Cost of goods sold | $720000 | |
Selling expense | $160000 | |
General and administrative expense | $75000 | |
Interest expense | $40000 | |
Interest tax expense | $130000 |
There were 100,000 shares of common stock outstanding throughout 2021.
There were 200,000 shares of common stock outstanding throughout 2021.There were 200,000 shares of common stock outstanding throughout 2021.There were 200,000 shares of common stock outstanding throughout 2021.There were 200,000 shares of common stock outstanding throughout 2021.There were 200,000 shares of common stock outstanding throughout 2021.
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