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The following selected accounts from the Blossom Company's general ledger are presented below for the year ended December 31, 2022: Advertising expense $64,000 Interest
The following selected accounts from the Blossom Company's general ledger are presented below for the year ended December 31, 2022: Advertising expense $64,000 Interest revenue $41,000 Common stock 259,000 Inventory 76,000 Cost of goods sold 1,094,000 Rent revenue 24,000 Depreciation expense 134,000 Retained earnings 544,000 Dividends 159,000 Salaries and wages expense 683,000 Freight-out 34,000 Sales discounts 9.300 Income tax expense 79,000 Sales returns and allowances 52,000 Insurance expense 15,000 Sales revenue 2,408,000 Interest expense 78,000
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