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The following are presented in trial balance of RRQ Hoshi for the year ending December 31, 2020.. Cash - 200,000 Accounts Receivable - 30,000 Notes
The following are presented in trial balance of RRQ Hoshi for the year ending December 31, 2020.. Cash - 200,000 Accounts Receivable - 30,000 Notes Receivable - 200,000 Merchandise Inventory - 26,500 Equipment - 80,000 Furniture & Fixtures - 25,000 Accounts Payable - 75,000 Loans Payable Payable - 220,000 RRQ, Capital - January 1, 2019-200,000 RRQ, Drawings - 3,250 Sales - 350,000 Sales Discount - 3,000 Sales Return & Allowances - 1,500 Rent Expense - 12,000 Advertising Expense - 5,500 Salaries Expense - 62,000 Depreciation Expense - Equipment - 4,000 Depreciation Expense - Furniture - 2,500 Cost of Goods Sold - 200,000 Interest Expense - 1,250 Gain on sale of equipment - 15,000 Loss on sale of furniture - 3,500 The total gross sales of RRQ Hoshi is
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