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The worksheet of Bridget's Office Supplies contains the following revenue, cost, and expense accounts. The merchandise inventory amounted to $58,075 on January 1, 2019, and
The worksheet of Bridget's Office Supplies contains the following revenue, cost, and expense accounts. The merchandise inventory amounted to $58,075 on January 1, 2019, and $51,025 on December 31, 2019. The expense accounts numbered 611 through 617 represent selling expenses, and those numbered 631 through 646 represent general and administrative expenses. Accounts 401 Sales 451 Sales Returns and Allowances 491 Miscellaneous Income 501 Purchases 502 Freight In 503 Purchases Returns and Allowances 504 Purchases Discounts 611 Salaries Expense-Sales 614 Store Supplies Expense 617 Depreciation Expense-Store Equipment 631 Rent Expense 634 Utilities Expense 637 Salaries Expense-Office 640 Payroll Taxes Expense 643 Depreciation Expense-Office Equipment 646 Uncollectible Accounts Expense 691 Interest Expense $244,200 Cr 4,180 Dr. 230 Cr. 101,900 Dr. 1,805 Dir 3,430 Cr. 1,630 Cr 43,600 Dr. 2,140 Dr 1,340 Dr 11,800 Dr 2,830 Dr 19,400 Dr 4,300 Dr. 400 Dr. 550 Dr 400 Dr. The worksheet of Bridget's Office Supplies contains the following owner's equity accounts. Accounts Bridget Swanson, Capital Bridget Swanson, 301 $62,060 Cr 302 Drawing 41,050 Dr Net income for the year $47,795 The worksheet of Bridget's Office Supplies contains the following asset and liability accounts. The balance of the Notes Payable account consists of notes that are due within a year Accounts $11,605 Dr 330 Dr 4,970 Dr 101 Cash 107 Change Fund 111 Accounts Receivable 112 Allowance for Doubtful Accounts 121 Merchandise Inventory 131 Store Supplies 133 Prepaid Interest 141 Store Equipment 142 Accum. Depreciation-Store Equipment 1,010 Cr 151 Office Equipment 152 690 Cr. 51,025 Dr 930 Dr 45 Dr. 9,500 Dr 3,060 Dr. 2Accum. Depreciation-Office 330 Cr Equipmemt 201 Notes Payable 203 Accounts Payable 216 Interest Payable 231 Sales Tax Payable 5,330 Cr 3,555 Cn 25 Cr 1,720 Cr Prepare a balance sheet dated December 31. 2019
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