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tion 11 Below is a list of accounts and balances for Beach Wear Inc. for the year ending July 31, 2020. All balances are
tion 11 Below is a list of accounts and balances for Beach Wear Inc. for the year ending July 31, 2020. All balances are in thousands of dollars. Beach Wear Inc. follows APSE Assume a tax rate of 15%. "ot ered Account Title Balance ed out Accounts Payable $21,000 .00 Accounts Receivable $23,600 9 zion Accumulated Depreciation $9,000 Advertising Expense) $17,000 Cash $19,900 Common Shares $1,300 Cost of Goods Sold $40,100 Depreciation Expense-Office Equipment $4,000 Depreciation Expense-Retail Equipment $4,400 Equipment $51,000 Gain on Sale of Assets $2,200 Gain on Sale of Discontinued Operations $14,000 Income Tax Benefit $6,795 Interest Expense $5,900 Interest Payable $3,800 Loss from Operating Discontinued Operations $29,500 Merchandise Inventory Notes Payable Office Salaries Expense $25,400 $47,000 $11,000 Preferred Shares Prepaid Insurance Rent Expense-Office Rent Expense-Retail Retained Earnings: $6,000 $8,100 $10,400 $19,300 $46,205 Salaries Payable $9,700 Sales Discounts $11,700 Sales Salaries Expense $20,400 Sales Returns and Allowances: $3,700 Sales Revenue $115,900 Unearned Revenue $22,500 Do not enter dollar signs or commas in the input boxes. Round all answers to the nearest whole number. Use the negative sign for losses and rows marks with
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