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The year-end adjusted trial balance of the Timmons Tool and Die Corporation included the following account balances: retained earnings, $235,000; sales revenue, $820,000; cost of
The year-end adjusted trial balance of the Timmons Tool and Die Corporation included the following account balances: retained earnings, $235,000; sales revenue, $820,000; cost of goods sold, $520,000; salaries expense, $195,000; rent expense, $43,000; and interest expense, $18,000.
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