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what is the total operating expense (not including COGS) for the period? AB Ltd. presents the following selected accounts, all balances are after adjusting journal
what is the total operating expense (not including COGS) for the period?
AB Ltd. presents the following selected accounts, all balances are after adjusting journal entries. All accounts have normal balances (accounts which are normally debits have debit balances here and visa-versa). Prepare a multi-step income statement. Advertising Expense Advetising Payable Interest Expense Interest Payable Inventory at beginning of the period Inventory at the end of the period Equipment Accumulated Depreciation Equipment Depreciation Expense Purchases Purchases Discounts Purchases Returns and Allowance Salary and Wages Expense Salary and Wages Payable Sales Sales Discounts Sales Returns and Allowances Transportation In Transportation Out Utilities Expense 1,300 1,520 350 1,050 15,100 10,200 800 100 5,035 550 70 7,100 530 26,366 880 1,230 400 300 5,035
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