Answered step by step
Verified Expert Solution
Question
1 Approved Answer
What is the Net Decrease in the Accounts Receivable Account? Week One Account Number and Title 101 Cash... 79, 281.64 182 Petty Cash... 180.se 105
What is the Net Decrease in the Accounts Receivable Account?
Week One Account Number and Title 101 Cash... 79, 281.64 182 Petty Cash... 180.se 105 Accounts Receivable. 56,153.35 106 Allowance for Doubtful Accounts.. 224.ee 189 Notes Receivable... 0.00 111 Storage Fees Receivable .ee 113 Interest Receivable. 0.00 115 Merchandise Inventory. 213,941.08 121 Prepaid Insurance. 4,370.00 124 Prepaid Property Tax.. 759.00 125 Prepaid Advertising.. 0.00 127 Store and Shop Supplies. 2,437.92 131 Store Equipment and Fixtures... 68,275.00 132 Accumulated Deprec.: Store Equipment and 13,644.80 135 Shop Equipment... 33,871.80 136 Accumulated Depreciation: Shop Equipment 7,840.00 139 Trucks... 43,226.80 140 Accumulated Depreciation: Trucks.. 7,230.00 201 Accounts Payable.. 74,186.42 203 Notes Payable.. 12,080.80 205 Sales Tax Payable. 4,249.29 207 Dividends Payable. 0.00 209 Salaries and Wages Payable.. 0.80 211 Estimated Property Tax Payable. @.ee 213 Income Taxes Payable.. 9.00 215 Interest Payable.. 8.80 221 Unearned Storage Fees.. 13,468.00 230 Long-term Notes Payable.. 10,000.00 301 Common Stock..... 225,000.00 305 Retained Earnings.. 184,805.43 311 Dividends Declared. 2,400.00 401 Watercraft and Accessory Sales.. 226,559. 20 482 Sales Returns and Allowances.. 2,129.00 411 Service Fees Earned.. 8,964.50 421 Storage Fees Earned. @.ee 5e1 Cost of Goods Sold... 160,109.60 585 Transportation-In.. 607.00 681 Salaries and Wages Expense... 14,772.80 602 Store and Shop Supplies Expense.. 0.89 603 Truck and Equipment Operating Expense. 833.00 684 Advertising Expense.. 2,177.50 686 Delivery Expense.. 541.75 607 Credit Card Expense. 1,112.44 Tools Expense... 40.85 610 Depreciation Expense: Store Equipment an 0.00 611 Depreciation Expense: Shop Equipment.. @.ee 612 Depreciation Expense: Trucks.... e.ee 621 Rent Expense.... 15,029.00 622 Insurance Expense. 0.00 623 Bad Debt Expense.. 0.00 624 Property Tax Expense. 0.00 625 Utilities Expense.. 841.04 626 Telephone Expense. 489.00 608 627 Bank Service Charges. 628 License Expense. 629 Professional Services Expense. 631 Cash Short and Over.. 633 Discounts Lost.. 635 Miscellaneous Expense. 711 Interest Earned. 721 Gain on Sale of Assets. 741 Miscellaneous Revenue. 811 Income Taxes Expense. 813 Interest Expense.. 821 Loss on Sale/Disposal of Assets. 73.64 405.00 402.63 19.00 41.80 72.65 213.73 0.00 49.47 3,219.00 694.95 0.80 Trial Balance Totals... 708, 345.84 Week Twu Account Number and Title 101 Cash.... 47,688.68 102 Petty Cash... 182.ee 105 Accounts Receivable. 38,146.35 106 Allowance for Doubtful Accounts 1,464.00 189 Notes Receivable... @.ee 111 Storage Fees Receivable 0.89 113 Interest Receivable. 0.00 115 Merchandise Inventory. 196, 353.08 121 Prepaid Insurance. 4,370.00 124 Prepaid Property Tax. 759.00 125 Prepaid Advertising.. 0.00 127 Store and Shop Supplies. 2,437.92 131 Store Equipment and Fixtures.. 66,170.00 132 Accumulated Deprec.: Store Equipment and 12,444.80 135 Shop Equipment... 37, 131.00 136 Accumulated Depreciation: Shop Equipment 7,840.80 139 Trucks... 43,226.80 140 Accumulated Depreciation: Trucks... 7,23e.ee 201 Accounts Payable.. 4,957.42 203 Notes Payable.. 12,000.00 205 Sales Tax Payable. 5,341.93 207 Dividends Payable. 8.00 209 Salaries and Wages Payable.. 0.00 211 Estimated Property Tax Payable. 0.00 213 Income Taxes Payable.. 0.00 215 Interest Payable.. e.ee 221 Unearned Storage Fees.. 13,468.00 230 Long-term Notes Payable. 10,000.00 301 Common Stock..... 225,000.00 305 Retained Earnings.. 184,805.43 311 Dividends Declared. 2,480.80 401 Watercraft and Accessory Sales.. 239,944.20 482 Sales Returns and Allowances. 2,129.00 411 Service Fees Earned.. 9,237.50 421 Storage Fees Earned. @.00 5e1 Cost of Goods Sold... 170,817.60 585 Transportation-In.. 607.00 6e1 Salaries and Wages Expense.. 15,224.ee 602 Store and Shop Supplies Expense.. @.ee 603 Truck and Equipment Operating Expense. 833.80 684 Advertising Expense.. 2,177.50 686 Delivery Expense.. 666.35 607 Credit Card Expense. 1, 112.44 Tools Expense... 40.85 610 Depreciation Expense: Store Equipment an 80.00 611 Depreciation Expense: Shop Equipment.. 0.00 612 Depreciation Expense: Trucks.. @.00 621 Rent Expense... 15,029.00 622 Insurance Expense.. 0.00 623 Bad Debt Expense.. 0.00 624 Property Tax Expense. 0.00 625 Utilities Expense.. 841.04 626 Telephone Expense. 489.00 6e8 633 627 Bank Service Charges. 628 License Expense. 629 Professional Services Expense. 631 Cash Short and Over.. Discounts Lost.. 635 Miscellaneous Expense. 711 Interest Earned. 721 Gain on Sale of Assets. 741 Miscellaneous Revenue. 811 Income Taxes Expense. 813 Interest Expense.. 821 Loss on Sale/Disposal of Assets. 73.64 405.00 402.63 19.00 236.80 72.65 213.73 0.00 120.47 3,219.00 694.95 195.00 Trial Balance Totals... 654,066.68
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started