Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

uestion 17 Below is the 2020 year-end adjusted trial balance for Happy Feet an online shoe sales company. Based on the trial balance, what are

image text in transcribed
image text in transcribed
image text in transcribed
uestion 17 Below is the 2020 year-end adjusted trial balance for Happy Feet an online shoe sales company. Based on the trial balance, what are selling expenses for 2020? Happy Feet Adjusted Trial Balance December 31 DR CR Cash 67,400 46,000 50,000 Accounts Receivable Merchandise Inventory Office Supplies Accounts Payable Salaries Payable 800 16,000 5,850 Common Stock 45,000 75.530 Retained Earnings Dividends 5,000 Sales 500.000 Sales Returns and Allowances 24,500 4,250 332,450 49.000 Sales Discounts Cost of goods sold Sales website expense Office salaries expense Sales salaries expense Advertising expense Office rent expense 24 325 24 000 8.150 6.505 Tota 642390 647.380 0 a $57,150 b. $111,980 0 0 0 c. $73,000 d. $81,150

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Security Audit And Control Features Oracle E Business Suite

Authors: Deloitte Touche Tohmatsu Research Team And Isaca

3rd Edition

1604201061, 978-1604201062

More Books

Students also viewed these Accounting questions

Question

2. What should you do a full year before your job search? (LO 12-1)

Answered: 1 week ago

Question

What is an interface? What keyword is used to define one?

Answered: 1 week ago