The adjusted trial balance of ABC Co. included the following expenses for 2020: Accounting and legal fees Advertising Doubtful accounts 1,450,000 1,500,000 150,000 125,000 750,000 50,000 600,000 Freight in Freight out Insurance Interest expense Loss on sale of equipment Officers' salaries 300,000 2,250,000 Property taxes Rent for office space Research and development expense Sales salaries and commissions 250,000 1,800,000 1,000,000 1,400,000 Half of the rented premises is occupied by the sales department. How much should be reported as administrative expenses for 2020?
The adjusted trial balance of ABC Co. included the following expenses for 2020: Accounting and legal fees Advertising Doubtful accounts 1,450,000 1,500,000 150,000 125,000 750,000 50,000 600,000 Freight in Freight out Insurance Interest expense Loss on sale of equipment Officers' salaries 300,000 2,250,000 Property taxes Rent for office space Research and development expense Sales salaries and commissions 250,000 1,800,000 1,000,000 1,400,000 Half of the rented premises is occupied by the sales department. How much should be reported as administrative expenses for 2020?
Chapter20: Corporations And Parterships
Section: Chapter Questions
Problem 14DQ
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