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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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