The sales staff of Central Media (a locally owned radio and cable television station) consists of two

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The sales staff of Central Media (a locally owned radio and cable television station) consists of two salespeople, Derek and Lawanna. During March, the following salaries and commissions were paid:
The sales staff of Central Media (a locally owned radio

Derek spends 100 percent of his time selling advertising. Lawanna spends two-thirds of her time selling advertising and the remaining one-third on administrative work. Commissions are paid only on sales.

Required:
1. Accumulate these costs by account by filling in the following table:

The sales staff of Central Media (a locally owned radio

2. Assign the costs of salaries and commissions to selling expense and administrative expense by filling in the following table:

The sales staff of Central Media (a locally owned radio
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Related Book For  book-img-for-question

Cornerstones of Financial and Managerial Accounting

ISBN: 978-1111879044

2nd edition

Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen

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