The following account balances appear in the books of XYZ Trading company on December 31, 201A Classify the accounts assets/liabilities/equity/income/expense Accumulated Depreciation Sales Delivery Vehicles 6750000 Other Non-curent Assets 30000 Accounts Payable 50000 Cash Short term Notes Payable Accounts Receivable 750000 Bank Loan 20000 Merchandise Inventory 2500000 Comman Stock 3000000 Prepaid Insurance 24000 Retained Eamings Deposits on Rent of Store Sales Warehouse 3000000 Cost of Goods Sold T12S0000 Accumudated Depreciation - Warehouse 1000000 Sales Salaries and Wages Warchouse Fixtures Sales Commissions 500000 Accumulated Depreciation - Warehouse Fiatures Rent Expense - Store Warehouse Fumitures Advertising and Promotion 200000 Accumulated Depreciation Warehouse Fumiture 400000 Telephone and Communication- Sales 100000 Warehouse Equipment 2000000 office Materials and Supplies Sales Accumulated Depreciation Warehouse Equipment 720000 Electricity and Power - Sales 120000 Ofice Fumiture and Equipment Accumulated Depreciation Office Furniture and Gas and O - Sales Equipment Vehicle Repairs and Maintenance - Sales Warehouse Vehicles Salaries and Wages - General 1200000 Accumudated Depreciation - Warehouse Vehides 205O00 Telephone and Communication General 12000 Sales Delivery Vehicles office Materials and Supplies - General 16000 Electricity and Power General 240000 Gas and O8- General 120000 Vehicle Repairs and Maintenance General Other Repairs and Maintenance General 50000
The following account balances appear in the books of XYZ Trading company on December 31, 201A Classify the accounts assets/liabilities/equity/income/expense Accumulated Depreciation Sales Delivery Vehicles 6750000 Other Non-curent Assets 30000 Accounts Payable 50000 Cash Short term Notes Payable Accounts Receivable 750000 Bank Loan 20000 Merchandise Inventory 2500000 Comman Stock 3000000 Prepaid Insurance 24000 Retained Eamings Deposits on Rent of Store Sales Warehouse 3000000 Cost of Goods Sold T12S0000 Accumudated Depreciation - Warehouse 1000000 Sales Salaries and Wages Warchouse Fixtures Sales Commissions 500000 Accumulated Depreciation - Warehouse Fiatures Rent Expense - Store Warehouse Fumitures Advertising and Promotion 200000 Accumulated Depreciation Warehouse Fumiture 400000 Telephone and Communication- Sales 100000 Warehouse Equipment 2000000 office Materials and Supplies Sales Accumulated Depreciation Warehouse Equipment 720000 Electricity and Power - Sales 120000 Ofice Fumiture and Equipment Accumulated Depreciation Office Furniture and Gas and O - Sales Equipment Vehicle Repairs and Maintenance - Sales Warehouse Vehicles Salaries and Wages - General 1200000 Accumudated Depreciation - Warehouse Vehides 205O00 Telephone and Communication General 12000 Sales Delivery Vehicles office Materials and Supplies - General 16000 Electricity and Power General 240000 Gas and O8- General 120000 Vehicle Repairs and Maintenance General Other Repairs and Maintenance General 50000
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter9: Metric-analysis Of Financial Statements
Section: Chapter Questions
Problem 9.23E: Unusual income statement items Assume that the amount of each of the following items is material to...
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